Individually Owned Property summary
This unique 1879 building, formerly Spencer's Railroad Depot, presents a compelling investment opportunity in Spencer's thriving downtown. Situated on a 0.22-acre lot on one of the fastest-growing streets, this property benefits from the recent influx of new businesses including a barber shop, spa, framing shop, print shop, and restaurant, complementing existing anchors like a pizza shop and flower shop. The building boasts significant character and versatile space, ideal for a variety of… uses. The first floor, completely renovated and handicap accessible, features a large 882 sq ft dance studio with sprung floor, a smaller 276 sq ft dance studio, and an office, along with two large half-bathrooms. Upgrades include updated heating and AC, electrical systems, and a new roof on the two-story section, plus some new windows. A 1969 addition provides two extra floors of space. Currently, the property includes two long-term tenants, offering immediate income generation. The potential exists to add another rental unit, further increasing profitability. Off-street parking is available on both sides of the building. This property is priced at $329,900 and offers a rare chance to own a piece of Spencer's history while capitalizing on its vibrant commercial growth.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 16 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,583 SF
- Lot area
- 0.22 ac
- Year built
- 1879
- Stories
- 2
- APN
- SPEN M:00U07 B:00025 L:00000
- Assessed value · 2024
- $168,900
- Annual tax · 2024
- $1,932
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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