Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    151 Fenn St Pittsfield, MA 01201

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    City corner land available in downtown's Creative District.

    Lot size:
    0.88 Acres

    Property Features for 151 Fenn St

    General Information

    Lot size
    0.88 Acres

    We can help!

    Listing Contact
    Steven Lerner
    Steven Lerner
    Source: Moodyscre

    Listing Agent: Steven Lerner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Corner Land in Creative District

    This corner land is situated in the downtown Creative District and is available now. Several uses are permitted for the property. The site was previously approved for a national brand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2501879
    Latitude
    42.4500468

    Nearby Similar for Sale

    • $262,000
      3,120 SF

      Pittsfield Multi-Family Duplex For Sale

      Multi-family duplex property in Pittsfield, Massachusetts, totaling 3,120 square feet.
      76-78 Stoddard Ave, Pittsfield, MA 01201
      View Details
    • New
      $439,000
      Pending

      Renovated Multi-Use Rental Property

      Centrally located, renovated property with rental and single-family potential.
      247 South St, Pittsfield, MA 01201
      View Details
    • $189,950
      3,224 SF

      Income Generating Residential Property

      Two-bedroom multifamily property in a residential location.
      14 Bay State Rd, Pittsfield, MA 01201
      View Details
    • New
      $1,800,000
      26,000 SF

      Pittsfield Commercial Property for Sale

      Commercial property in Pittsfield, MA, ideal for business use.
      137 North St, Pittsfield, MA 01201
      View Details
    • $220,000
      3,540 SF

      Versatile Commercial Space in Pittsfield

      Manufacturing/retail space with potential for auto repair or redevelopment.
      188 Wahconah St, Pittsfield, MA 01201
      View Details
    • $2,500,000

      Prime Showroom and Service Facility

      26,000 SF showroom/service building with 250+ parking spaces.
      600 Merrill Rd, Pittsfield, MA 01201
      View Details
    • $270,000

      Renovated Two-Family Home Near Park

      Recently renovated two-family home near Durant Park.
      50-52 John St, Pittsfield, MA 01201
      View Details
    • $194,900

      Pittsfield Duplex: Investment Opportunity

      Spacious 4-bedroom duplex in Pittsfield with income potential.
      33 Adam St, Pittsfield, MA 01201
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near I-90W

      Redevelopment opportunity for industrial, manufacturing, or warehouse logistics use.
      Pittsfield, MA 01201
      View Details
    • $335,000

      Four-Unit Multifamily Investment Property

      Fully occupied four-family building near downtown Pittsfield.
      288 Bradford St, Pittsfield, MA 01201
      View Details
    • $2,500,000
      44,640 SF

      Industrial Facility in Downing Park

      44,640 SF office/industrial condo in Pittsfield's Downing Industrial Park.
      17 Downing Three Park, Pittsfield, MA 01201
      View Details
    • $170,000

      Duplex with Investment Potential

      Gutted duplex on a large lot with investment opportunities.
      242 Wahconah St, Pittsfield, MA 01201
      View Details

    FAQs

    What type of property is this?
    Land - City corner land available in downtown's Creative District.
    Where is this land located?
    The property is located at 151 Fenn St Pittsfield, MA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - City corner location; - Located in the Downtown Creative District; - Several permitted uses
    (518) 577-8005
    Request Owner's contact information
    151 Fenn St Pittsfield, MA 01201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    151 Fenn St
    Pittsfield, MA 01201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    151 Fenn St Pittsfield, MA 01201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steven Lerner
    Steven Lerner
    (518) 577-8005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.