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    Property profile & analytics

    423 Main St Spencer, MA 01562-1905

    • Investment properties
    • 1,608 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Jun 29, 2021
    $315,000
    Location Intelligence
    Property ID
    US38-1900979
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 423 Main St

    Year built
    1922
    Construction
    FRAME
    Lot size
    0.87 lot acres
    Property size
    1,608 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPEN M:00R35 B:00047 L:00000
    APU
    SPENM00R35B00047L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $335,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $300,000
      Mixed-Use
      $365,000
      Hospitality
      $285,000
      Educational
      $385,000
      Residential Income
      $335,000
      Energy
      $280,000
      Income-Based Land
      $280,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9577
    Latitude
    42.257
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,353
    $47,500
    $333,000
    $380,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,328 SF

      54 R Jones Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,328 SF
      54 R Jones Rd, Spencer, MA 01562-2722
      View Details
    • Value Estimation
      $230,000
      2,583 SF

      62 Wall St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,583 SF
      62 Wall St, Spencer, MA 01562-2188
      View Details
    • Value Estimation
      $350,000
      4,800 SF

      20 Nwnw Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      20 Nwnw Rd, Spencer, MA 01562-1301
      View Details
    • Value Estimation
      $305,000
      4,614 SF

      52 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,614 SF
      52 Chestnut St, Spencer, MA 01562-2524
      View Details
    • Value Estimation
      $225,000
      1,756 SF

      16 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,756 SF
      16 Elm St, Spencer, MA 01562-2128
      View Details
    • Value Estimation
      $315,000
      4,552 SF

      220 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,552 SF
      220 Main St, Spencer, MA 01562-1713
      View Details

    Similar Nearby for Sale

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      Historic Spencer Commercial Building

      Prime Downtown Location, High Potential
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    • New
      $900,000
      5,546 SF

      Renovated Commercial Building with Parking

      Commercial building with office spaces, garage, and handicap access.
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    Similar Nearby for Lease

    • $22 SF/Yr
      13,273 SF

      Prime Spencer Medical Office Space

      6,271 SF Medical Office Available
      407 Main St, Spencer, MA 01562
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    • Contact for pricing
      1,329 SF

      Retail Space on Route 9

      Retail space available on a busy thoroughfare, Route 9.
      72 W Main St, Spencer, MA 01562
      View Details
    • $4,000 /Mo

      Retail Space For Lease

      Retail space available for lease with heavy vehicle traffic.
      160 Main St, Spencer, MA 01562
      View Details
    • $1,250 /Mo
      2,365 SF

      Versatile Commercial Space in Spencer

      Adaptable retail space near transportation, schools, and town amenities.
      200 Main St, Spencer, MA 01562
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      1.1k
    • Avg Time on site
      154 min
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    423 Main St
    Spencer, MA 01562-1905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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