Historic Mixed-Use
1180 Ashley Falls Rd, Sheffield, MA 01222
For Sale
$673,000
The 1860 building is identified for both residential and commercial use.
Property Size4,044 SF
Price / SF$166.42
Days on Market223
Property Features for 1180 Ashley Falls Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
WILLIAM RAVEIS - BERKSHIRE
Listed By:
Lance Vermeulen · License #9038947
(413) 329-7330
Source:
Mclean-realtors
Added: Apr 1
Changed: Nov 8
Last Checked: Nov 8 at 8:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WILLIAM RAVEIS - BERKSHIRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dating to 1860, this mixed-use building is identified as suitable for residential and commercial use. The property is located at 1180 Ashley Falls Road in Sheffield, Massachusetts.
Key Highlights
- Building constructed in 1860
- Residential and commercial use identified
- Located at 1180 Ashley Falls Road in Sheffield, MA 01222
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,814
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,280
$976.3K
Cap Rate 7%
$697,343
$697.3K
Cap Rate 9%
$542,378
$542.4K
Market Conditions
NOI Build-Up for 4,044 SF
Gross rent
$72.8K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$69.7K $17.24/SF
− OpEx
−$20.9K −$5.17/SF
NOI
$48.8K $12.07/SF
Area
Berkshire County, MA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,280
Cap Rate 7%
$697,343
Cap Rate 9%
$542,378
Alternative Uses
Best Use
Retail
$697.3K
$610.2K – $813.6K
NOI $48,814 @ 7.0% cap · market cap 7.25%
Second Best
Mixed Use
$584.9K
$511.8K – $682.4K
NOI $40,946 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,886 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 01222, MA
835
Population
240
Households
3.5
Avg Household Size
49
Median Age
37%
College-Educated
83%
High-School Grad
4.6 sq mi
ZIP Area
182
Density / Sq Mi
$84,583
Median Household Income
$49,050
Median Earnings
$312,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 1860 building is identified for both residential and commercial use.
Where is this mixed-use property located?
The property is located at 1180 Ashley Falls Rd Sheffield, MA.
What is the asking price?
The asking price for this property is $673,000.
What are key features of this property?
This property features: Building constructed in 1860; Residential and commercial use identified; Located at 1180 Ashley Falls Road in Sheffield, MA 01222
