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    Property profile & analytics

    8 1st St Palmer, MA 01069

    • Manufacturing properties
    • 18,260 SF
    • 5.81 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Last Sale
    Jun 03, 2020
    $600,000
    Location Intelligence
    Property ID
    US38-1780002
    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

    • Manufacturing properties

    Property Details for 8 1st St

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    5.81 lot acres
    Property size
    18,260 SF
    Zone code
    URIP
    Property type
    Manufacturing properties
    APN
    PALM M:86 B:20
    APU
    PALMM86B20

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $560,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $590,000
      Retail
      $665,000
      Mixed-Use
      $595,000
      Hospitality
      $500,000
      Educational
      $580,000
      Residential Income
      $610,000
      Energy
      $565,000
      Income-Based Land
      $500,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.3482
    Latitude
    42.2093
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA 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
    $11,071
    $75,600
    $494,800
    $570,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      28,750 SF

      9 2nd St

      MANUFACTURING (LIGHT) • 28,750 SF
      9 2nd St, Palmer, MA 01069-1536
      View Details
    • Value Estimation
      $305,000
      10,000 SF

      16 2nd St

      MANUFACTURING (LIGHT) • 10,000 SF
      16 2nd St, Palmer, MA 01069-1534
      View Details
    • Value Estimation
      $925,000
      84,440 SF

      1 3rd St

      MANUFACTURING (LIGHT) • 84,440 SF
      1 3rd St, Palmer, MA 01069-1542
      View Details
    • Value Estimation by Request
      86,990 SF

      1127 Main St

      MANUFACTURING (LIGHT) • 86,990 SF
      1127 Main St, Palmer, MA 01069-1884
      View Details
    • Value Estimation
      $1,740,000
      40,964 SF

      25 Ware St

      MANUFACTURING (LIGHT) • 40,964 SF
      25 Ware St, Palmer, MA 01069-1514
      View Details
    • Value Estimation
      $285,000
      4,936 SF

      1101 Pleasant St

      MANUFACTURING (LIGHT) • 4,936 SF
      1101 Pleasant St, Palmer, MA 01069-1717
      View Details

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    Similar Nearby for Lease

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      Office space available for lease in Palmer, Massachusetts.
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    • Contact for pricing
      3,083 SF

      Prime Palmer Retail Space

      3,083 SF Retail Space - Available Now
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      View Details
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    8 1st St
    Palmer, MA 01069
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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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