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Property profile & analytics
OFF-MARKET Estimated value $630,000
Office buildings

407 Main St Spencer, MA 01562-1909

13,099 SF 1.4 ac lot Built 1992
Individually Owned 17-yr Hold Free & Clear
Property ID
US38-1735292
Property summary
AI-generated overview

This 6,271 square foot medical office space, located at 407 E. Main Street in Spencer, Massachusetts, presents a unique opportunity. Situated in a Class C building totaling 13,273 square feet, this suite offers a versatile layout previously used for internal medicine. The space includes exam rooms, consultation rooms, check-in counters, and reception areas, ready for immediate occupancy. The building features a convenient parking ratio of 8 spaces per 1,000 square feet, ensuring ample parking for patients and staff. The property is located in Worcester County, MA, with the zip code 01562. This multi-tenant building also houses Spencer Veterinary Hospital in Suite A. The property is categorized as a medical office and offers a single, large suite. This is an excellent opportunity for a medical practice seeking established space with existing infrastructure. The property's location in Spencer offers easy access for patients and employees. The available space is ideal for a variety of medical specialties, given its existing layout and ample parking. The building's overall size is 13,273 square feet. This listing presents a turnkey solution for a medical practice looking to establish or expand its presence in the Spencer, MA area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1992
Construction FRAME
Total area 13,099 SF
Lot 1.4 ac (60,984 SF)
APN SPEN M:00R35 B:00033 L:00000
UPID US38-1735292
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Ronald S. Tadiri, MD Pediatrician Medical Clinic
  • Fillipon Nicholas G DO Physician
  • Sama Ralph J MD Geriatric Care Provider
  • Harden Kathryn E Physician
  • Reliant Medical Group Internal Medicine Department Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$633k
Blend (final) Blend
$630k
Owner & transaction history
Hegarty,david J Tr · 17 yrs held
Hegarty,david J Tr
since 2008
3 recorded transactions
2008
$91.9M
1997
$47.8M
1993
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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