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    Property profile & analytics

    515-517 Main St Spencer, MA 01562

    • Showrooms
    • 3,377 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Nov 26, 2024
    $182,500
    Location Intelligence
    Property ID
    US38-1345127
    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

    • Showrooms

    Property Details for 515-517 Main St

    Year built
    1937
    Construction
    FRAME
    Lot size
    0.41 lot acres
    Property size
    3,377 SF
    Zone code
    B
    Property type
    Showrooms
    APN
    LEIC M:24A B:0000A52 L:0
    APU
    LEICM24AB0000A52L0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8857
    Latitude
    42.2397
    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
    $2,632
    $95,500
    $114,200
    $209,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $205,000
      2,232 SF

      276 Main St

      SHOW ROOM, WAREHOUSE • 2,232 SF
      276 Main St, Spencer, MA 01562-1838
      View Details
    • Value Estimation by Request
      2,100 SF

      5 Main St

      SHOW ROOM, WAREHOUSE • 2,100 SF
      5 Main St, Spencer, MA 01562
      View Details
    • Value Estimation
      $305,000
      8,640 SF

      15 Wall St

      SHOW ROOM, WAREHOUSE • 8,640 SF
      15 Wall St, Spencer, MA 01562-2122
      View Details
    • Value Estimation
      $285,000
      3,900 SF

      8 Mdw Rd

      SHOW ROOM, WAREHOUSE • 3,900 SF
      8 Mdw Rd, Spencer, MA 01562-2012
      View Details
    • Value Estimation
      $75,000
      3,780 SF

      96 Charlton Rd

      SHOW ROOM, WAREHOUSE • 3,780 SF
      96 Charlton Rd, Spencer, MA 01562
      View Details
    • Value Estimation
      $55,000
      1,444 SF

      7 Cherry St

      SHOW ROOM, WAREHOUSE • 1,444 SF
      7 Cherry St, Spencer, MA 01562-2110
      View Details

    Similar Nearby for Sale

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      Established Pub with Event Room

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      Updated Two-Family Home with Yard

      Updated two-family home, ideal for owner-occupancy or multi-generational living.
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    Similar Nearby for Lease

    • $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
    • 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
    • $22 SF/Yr
      13,273 SF

      Prime Spencer Medical Office Space

      6,271 SF Medical Office Available
      407 Main St, Spencer, MA 01562
      View Details
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    515-517 Main St
    Spencer, MA 01562
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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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