276 Route 7, New Ashford, MA 01237

Building Details

Building Size 1,760 SF More

Year Built 1950 More

Buildings 1 More

Listing Agency: BERKSHIRE BUSINESS PROPERTIES

Listed By: Andy Kelly · License MA #131806 Show Phone

Source: 413realestate

Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 2:57AM

Report an Issue

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 BERKSHIRE BUSINESS PROPERTIES

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 276 Route 7 in New Ashford, this 1,760-square-foot mixed-use property, built in 1950, includes a residential unit and ground-floor space. The ground level can be used for commercial purposes or configured as an apartment, allowing for a two-apartment layout.

The property carries Business, Multi, and Residential zoning designations.

Key Highlights

• 1,760‑square‑foot mixed‑use property
• Includes a dedicated residential unit and ground‑floor space
• Ground floor can be used commercially or as an apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,924

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$458,480 $458.5K

Cap Rate 7%

$327,486 $327.5K

Cap Rate 9%

$254,711 $254.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,760 SF

Gross rent

$38.0K $21.60/SF

− Vacancy

−$7.5K −$4.23/SF

EGI

$30.6K $17.37/SF

− OpEx

−$7.6K −$4.34/SF

NOI

$22.9K $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%

$458,480

Cap Rate 7%

$327,486

Cap Rate 9%

$254,711

Alternative Uses

Best Use

Office B

$327.5K

$286.6K – $382.1K (±1% cap)

NOI $22,924 @ 7.0% cap · market cap 8.65%

Second Best

Mixed Use

$254.6K

$222.8K – $297.0K (±1% cap)

NOI $17,820 @ 7.0% cap · market cap 6.72%

Theoretical Best

Office A

$515.3K

$450.9K – $601.2K (±1% cap)

NOI $36,073 @ 7.0% cap · market cap 13.61%

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

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Auto Parts Store Law Firm Hotel & Motel

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 01237, MA

2,365

Population

1,431

Households

1.7

Avg Household Size

51

Median Age

43%

College-Educated

96%

High-School Grad

49.3 sq mi

ZIP Area

48

Density / Sq Mi

$84,419

Median Household Income

$45,907

Median Earnings

$1,153

Median Rent

$278,100

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor space can accommodate commercial use or serve as a second apartment.

Where is this mixed-use property located?

The property is located at 276 Route 7 New Ashford, MA.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: 1,760‑square‑foot mixed‑use property; Includes a dedicated residential unit and ground‑floor space; Ground floor can be used commercially or as an apartment