Property profile

7 1 St Palmer, MA 01009

FOR LEASE
Manufacturing properties
Property ID
US38-0224596
76,599 SF 6.17 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
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7 1 St, Palmer, MA 01009 For Lease
Contact for pricing 76,599 SF available
7 1 St, Palmer, MA 01009
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Construction STEEL FRAME
Total area 76,599 SF
Lot 6.17 ac (268,765 SF)
Zoning code URIP
APN PALM M:86 B:19
UPID US38-0224596

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7 1 St Palmer, MA 01009
Palmer metro Census 810200 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.77M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.58M
Blend (final) Blend
$3.96M

Owner & transaction history

since 2021
Last sale
$4.0M
4 recorded transactions
2021
$4.0M
2016
Price N/A
2009
$1.9M
1990
$1.9M

Zoning & alternative use

URIP · Palmer, MA
Zoning description

District Highway Business HB Business "B" District Neighborhood Business NB Business "B" District General Industry A IA Industrial "I" District General Industry B IB Industrial "I" District Urban Renewal Industrial Park…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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