30 E Otis Road, Otis, MA 01253

Listing Agency: R.J. Greeley Company, Inc.

Listed By: Brendan Greeley Show Phone

Source: Crexi

Added: Oct 30 Changed: Nov 8 Last Checked: Nov 8 at 4:09PM

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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 R.J. Greeley Company, Inc.

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Investment Insights

Based on property information with market context.

This approximately 1,126-square-foot retail space has an open plan with a customer service and work area, built-in workstations, storage, a restroom, and HVAC. The property was previously used as a bank and includes a drive-through component. It is located on E. Otis Road in Otis, Massachusetts.

Key Highlights

• Approximately 1,126 square feet of commercial space
• Drive‑through component
• Open customer service and work area with built‑in workstations and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,475

Cap Rate

4.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$349,500 $349.5K

Cap Rate 7%

$249,643 $249.6K

Cap Rate 9%

$194,167 $194.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,126 SF

Gross rent

$24.3K $21.60/SF

− Vacancy

−$1.0K −$0.91/SF

EGI

$23.3K $20.69/SF

− OpEx

−$5.8K −$5.17/SF

NOI

$17.5K $15.52/SF

Area

Berkshire County, MA

Vacancy

4.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$349,500

Cap Rate 7%

$249,643

Cap Rate 9%

$194,167

Alternative Uses

Best Use

Specialty Retail

$249.6K

$218.4K – $291.3K (±1% cap)

NOI $17,475 @ 7.0% cap · market cap 4.66%

Second Best

Retail

$194.2K

$169.9K – $226.5K (±1% cap)

NOI $13,592 @ 7.0% cap · market cap 3.62%

Theoretical Best

Office A

$329.7K

$288.5K – $384.6K (±1% cap)

NOI $23,078 @ 7.0% cap · market cap 6.15%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Berkshire Bank Bank

Suggested Use

Top Pick Auto Repair Shop Building Supply (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Dental Office Home Appliance Store

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

42

Businesses Nearby

Explore this area Business Placement

Demographics for 01253, MA

808

Population

661

Households

1.2

Avg Household Size

55

Median Age

42%

College-Educated

95%

High-School Grad

21.2 sq mi

ZIP Area

38

Density / Sq Mi

$108,068

Median Household Income

$51,661

Median Earnings

$339,200

Median Home Value

Market

Average Price Trend$/SF for Retail space in Berkshire County, MA

$111 Jul

$174 Aug

$175 Sep

$173 Oct

Properties on Market for Retail space in Berkshire County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - An open customer-service layout includes built-in workstations and storage, a restroom, and HVAC.

Where is this retail space located?

The property is located at 30 E Otis Road Otis, MA.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Approximately 1,126 square feet of commercial space; Drive‑through component; Open customer service and work area with built‑in workstations and storage