Office Building with Finished
153 State Rd, Great Barrington, MA 01230
For Sale
$399,900
The four-room layout includes a full bathroom, kitchen, and partially finished basement.
Property Size1,337 SF
Price / SF$299.10
Days on Market236
Property Features for 153 State Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
WILLIAM RAVEIS - BERKSHIRE
Listed By:
Lauren Rosen · License #9555813
(413) 645-2011
Source:
Mclean-realtors
Added: Mar 18
Changed: Nov 8
Last Checked: Nov 7 at 12:55PM
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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Investment Insights
Based on property information with market context.
This 1,337-square-foot office property was built in 1940 and has undergone a full renovation. Its four-room layout can serve as office space and includes a full bathroom, kitchen with a large pantry, and a partially finished basement. The property also carries residential zoning.
A side yard offers space that may accommodate additional parking. The property is within walking distance of downtown Great Barrington and amenities, with views of the Housatonic River.
A side yard offers space that may accommodate additional parking. The property is within walking distance of downtown Great Barrington and amenities, with views of the Housatonic River.
Key Highlights
- Four rooms described as suitable for office use
- 1,337 square feet; built in 1940
- Full renovation, full bathroom, and partially finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,414
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,280
$348.3K
Cap Rate 7%
$248,771
$248.8K
Cap Rate 9%
$193,489
$193.5K
Market Conditions
NOI Build-Up for 1,337 SF
Gross rent
$28.9K $21.60/SF
− Vacancy
−$5.7K −$4.23/SF
EGI
$23.2K $17.37/SF
− OpEx
−$5.8K −$4.34/SF
NOI
$17.4K $13.02/SF
Area
Berkshire County, MA
Vacancy
19.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,280
Cap Rate 7%
$248,771
Cap Rate 9%
$193,489
Alternative Uses
Best Use
Office B
$248.8K
$217.7K – $290.2K
NOI $17,414 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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Business Placement
Demographics for 01230, MA
8,907
Population
5,025
Households
1.8
Avg Household Size
52
Median Age
49%
College-Educated
95%
High-School Grad
97.0 sq mi
ZIP Area
92
Density / Sq Mi
$82,871
Median Household Income
$40,397
Median Earnings
$1,286
Median Rent
$479,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Berkshire County, MA
Properties on Market for Office Units in Berkshire County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The four-room layout includes a full bathroom, kitchen, and partially finished basement.
Where is this office unit located?
The property is located at 153 State Rd Great Barrington, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four rooms described as suitable for office use; 1,337 square feet; built in 1940; Full renovation, full bathroom, and partially finished basement
