Building Details

Year Built 1793

Listing Agency: HOUSATONIC REAL ESTATE

Listed By: Judi Panzano · License #9585682 Show Phone

Source: Barnbrookrealty

Added: Mar 16 Changed: Oct 19 Last Checked: Oct 19 at 9:00AM

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Investment Insights

Based on property information with market context.

The Hatfield House is a renovated 1793 live-work property in Sheffield, MA, presented as move-in ready. The main residence combines historic character with modern systems and includes a new sealed basement. A separate one-bedroom apartment with its own entrance offers flexible income or guest use.

The property sits on 1.5 acres with protected wetland views. Commercial/residential zoning supports a range of uses, including gallery, studio, office, or home business use.

An adjacent 1,200 sq ft three-bay barn with electricity provides additional space for work or creative operations, complementing the privacy and versatility of this Main Street location.

Key Highlights

• Renovated 1793 Hatfield House with historic character and modern systems, move‑in ready
• Separate one‑bedroom apartment with its own entrance for income or guest use
• 1.5‑acre setting with protected wetland views

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,332

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,640 $526.6K

Cap Rate 7%

$376,171 $376.2K

Cap Rate 9%

$292,578 $292.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,765 SF

Gross rent

$38.1K $21.60/SF

− Vacancy

−$507 −$0.29/SF

EGI

$37.6K $21.31/SF

− OpEx

−$11.3K −$6.39/SF

NOI

$26.3K $14.92/SF

Area

Berkshire County, MA

Vacancy

1.33%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,640

Cap Rate 7%

$376,171

Cap Rate 9%

$292,578

Alternative Uses

Best Use

Multifamily LT 5

$376.2K

$329.2K – $438.9K (±1% cap)

NOI $26,332 @ 7.0% cap · market cap 5.86%

Second Best

Apartment 5plus

$344.6K

$301.5K – $402.0K (±1% cap)

NOI $24,120 @ 7.0% cap · market cap 5.37%

Theoretical Best

Office A

$516.8K

$452.2K – $602.9K (±1% cap)

NOI $36,175 @ 7.0% cap · market cap 8.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Silk's Variety (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Garden Center Auto Repair Shop Big Box & Wholesale Store Law Firm Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Explore this area Business Placement

Demographics for 01257, MA

2,140

Population

1,238

Households

1.7

Avg Household Size

53

Median Age

41%

College-Educated

100%

High-School Grad

33.9 sq mi

ZIP Area

63

Density / Sq Mi

$80,227

Median Household Income

$40,907

Median Earnings

$1,161

Median Rent

$432,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - Renovated 1793 home with a separate one-bedroom unit and a three-bay barn with electricity for studio or office use.

Where is this live-work space located?

The property is located at 107 Main Sheffield, MA.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Renovated 1793 Hatfield House with historic character and modern systems, move‑in ready; Separate one‑bedroom apartment with its own entrance for income or guest use; 1.5‑acre setting with protected wetland views