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    Mixed-Use Retail and Residential with Parking Title is generated by Realmo AI

    57-63 Park Street, Adams, MA 01220

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    Claim this Listing
    New
    For Sale
    $550,000

    Commercial Sale, Other - Adams, MA

    Property size:
    6,286 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $87/SF
    Added:
    Jun 6, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 57-63 Park Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Legal Conforming
    Standard status
    Active
    APN
    2669518
    Size
    6,286 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1925
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Loholdt

    Listing agent Jeffrey Loholdt

    Listing office Engel & Völkers Wellesley One Abbott St., Wellesley, MA

    Listing date Jun 6, 2026

    MLS# 73531162 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use property built in 1925 with 2 commercial storefronts and 4 residential units
    • Recent updates include electrical, roof, exterior paint, and residential unit remodels
    • Deeded parking included; corner location near the Adams business district
    • Residential units are set up on mixed short- and long‑term models
    • Convenient proximity to grocery stores, restaurants, doctors’ offices, and shopping in Adams
    • Within 3 hours to Boston and under 3.5 hours to NYC; Amtrak options from the Berkshires to Penn Station

    Overview

    This mixed-use property at 57-63 Park Street includes two storefront spaces and four residential units. The building is zoned as legal conforming, and recent updates noted in the offering include electrical improvements, roof work, exterior painting, and remodels to the residential units. With its combined retail and housing configuration, the property supports an owner who wants on-site income from both uses.

    The site is located in Adams’ business district, with the storefronts described as being near local restaurants and positioned on a corner. Deeded parking is included, and the property is stated to be in close proximity to grocery stores, restaurants, doctors’ offices, and shopping. For regional access, the remarks state the property is under 3 hours to Boston and less than 3.5 hours to New York City, with an option to travel via Amtrak from the Berkshires to Penn Station.

    For tenants, this layout can accommodate retail operators seeking storefront frontage while maintaining proximity to a built-in residential component. For buyers and investors, the combination of two retail spaces and four residential units provides multiple income streams within one property, with the noted capital improvements helping reduce near-term uncertainty.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Adams
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.119855
    Latitude
    42.622632

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    FAQs

    What type of property is this?
    Mixed-use property - Two storefronts and four residences with recent electrical, roof, and unit updates, plus deeded parking.
    Where is this mixed-use property located?
    The property is located at 57-63 Park Street Adams, MA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Mixed‑use property built in 1925 with 2 commercial storefronts and 4 residential units; Recent updates include electrical, roof, exterior paint, and residential unit remodels; Deeded parking included; corner location near the Adams business district
    (781) 248-6350
    We can help!
    Listing Contact
    Jeffrey Loholdt
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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