Prime Retail/Office Space
For Sale
$1,150,000
39 Railroad St, Great Barrington, MA 01230
Two-story building in vibrant location, ideal for retail/office.
Property Size3,350 SF
Price / SF$343.28
Days on Market243
Property Features for 39 Railroad St
General Information
Standard status
Active
Size
3,350 SF
Taxes and HOA fees
Annual Taxes
$15,817
Building Details
Building Size
3,350 SF
Year Built
1900
Stories
2
Listing Agency:
COMPASS MASSACHUSETTS , LLC GB
Listed By:
Timothy Lovett · License #9036091
(413) 446-0059
Source:
413realestate
Added: Jan 26
Changed: Sep 7
Last Checked: Sep 24 at 7:38AM
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 COMPASS MASSACHUSETTS , LLC GB
Investment Insights
Based on property information with market context.
This two-story property, complete with a full basement, is located at the top of Railroad Street. The location offers high visibility in a busy area, making it suitable for retail stores, restaurants, cafes, or office spaces. The building features high ceilings and windows on three sides, providing natural light and an open atmosphere. This property presents an opportunity to establish a business in Great Barrington.
Key Highlights
- Exceptional visibility on vibrant Railroad Street in a bustling location.
- Ideal for retail, restaurants, cafes, or office spaces.
- Two spacious stories and a full basement provide ample room.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,820
$1.0M
Cap Rate 7%
$742,729
$742.7K
Cap Rate 9%
$577,678
$577.7K
Market Conditions
NOI Build-Up for 3,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.4K $21.60/SF
− Vacancy
−$3.0K −$0.91/SF
EGI
$69.3K $20.69/SF
− OpEx
−$17.3K −$5.17/SF
NOI
$52.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,820
Cap Rate 7%
$742,729
Cap Rate 9%
$577,678
Alternative Uses
Best Use
Specialty Retail
$742.7K
$649.9K – $866.5K
NOI $51,991 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$623.3K
$545.4K – $727.2K
NOI $43,633 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$980.9K
$858.3K – $1.14M
NOI $68,662 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Two-story building in vibrant location, ideal for retail/office.
Where is this retail space located?
The property is located at 39 Railroad St Great Barrington, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Exceptional visibility on vibrant Railroad Street in a bustling location.; Ideal for retail, restaurants, cafes, or office spaces.; Two spacious stories and a full basement provide ample room.
