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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Manufacturing properties
9 2nd St, Palmer, MA 01069-1536
Entity Owned
7-yr Hold
Free & Clear
Property ID
US38-1395391
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
STEEL FRAME
Total area
28,750 SF
Lot
7.5 ac (326,700 SF)
Zoning code
URIP
APN
PALM M:34 B:16
UPID
US38-1395391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.09M
Owner & transaction history
Double R Ents LLC · 7 yrs held
Double R Ents LLC
since 2018
7 recorded transactions
Zoning & alternative use
URIP · Palmer, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+81.2%
Office building
$2.6M
+63.4%
Commercial (general)
$2.5M
+55.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,560,000
6.5%
$2,360,000
7%
$2,195,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,615,000
Current use
RETAIL STORES
$2,925,000
Change: +81% · Conversion: Moderate
OFFICE BUILDING
$2,635,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,515,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,470,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$33,137
Tax year 2024
Assessed value
$1,707,200
Assessed 2024
Previous assessed
$1,580,000
+8.1% YoY
Effective rate
1.94%
On assessed value
Assessed land
$241,700
Assessed improvement
$1,465,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
28,750 SF
Lot
7.5 ac (326,700 SF)
Zoning code
URIP
APN
PALM M:34 B:16
UPID
US38-1395391
Jurisdiction
PALMER
Zoning & alternative use
URIP · Palmer, MA
Zoning URIP · permitted uses
URIP · Palmer, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
7.5 ac
Current owner
From public records · entity-resolved
Double R Ents LLC
Entity
Free & Clear · 7 yrs held
Mailing address
9 2ND ST, PALMER, MA 01069-1536
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Double R Enterprises LLC
—
Deed
related
$1,500,000 · Florence Bk
Jul 27, 2022
—
Double R Enterprises LLC
—
Deed
related
$479,250 · Florence Bank
Jul 12, 2021
—
Double R Enterprises LLC
—
Deed
related
$1,090,000 · Florence Bank
Oct 31, 2018
$1,500,000
Double R Ents LLC
T-branch LLC
Quit Claim Deed
—
Mar 26, 2008
$1,130,000
T Branch LLC
Transplastics INC
Grant Deed
$1,080,000 · Country Bank
Jan 8, 1998
$700,000
Transplastics INC
Amresco New England LP
Grant Deed
—
Aug 2, 1996
$400,000
New England Amresco
Gurry,stephen R
Grant Deed
—
Sep 17, 1993
—
Ggo Realty
—
Deed Of Trust
related
$51,963 · Country Bank
Jan 6, 1989
—
Ggo Realty
—
Deed Of Trust
related
$661,290 · Shawmut First Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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