388 Palmer Rd Ware — Photo 1 of 37
Recent Drop: $4,000
$295,000
Investment Analysis — 388 Palmer Rd
Ware, MA 01082 — Gibbs Crossing
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a home in 01082 carries an estimated $1,290/mo in gross rent — about a 3.03% cap rate and $8,929/yr in estimated NOI at the $295,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
--
SqFt
2,061
Style
Other
Built
1977
Unique two-building mixed-use property available. Located on busy Rt. 32 in Ware near the Palmer town line, ¼ mile from Gibbs Crossing, a 502,000 SF shopping center featuring Wal-Mart and Lowe’s. The available property includes a +/-1,200 SF retail/office building and a +/-861 SF warehouse with an overhead door and loading platform. The subject parcel is approximately 2.85 acres. Great investment, owner-occupant, or potential redevelopment opportunity with high visibility on a commercial corridor. Only 5.5 miles from the Palmer MA Pike interchange and 2.8 miles from downtown Ware. Close to the Ware Mass Central Rail Trail entrance, part of a planned 104 mile recreational trail from Boston to Northampton.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$295,000
Was $297,000
May 18, 2026
MLS® 73188801
$297,000
Was $299,000
Dec 8, 2025
MLS® 73188801
$330,000
Dec 24, 2023
MLS® 73188801
Listing Agent: Paul Bongiorni
Listing Office: Pioneer CRE
MLS® Number: 73188801
