Single-Story Office
4 Federico Dr, Pittsfield, MA 01201
For Sale
$2,100,000
The 14,440-square-foot building is configured for two occupants and includes rear ground-level overhead doors.
Property Size14,400 SF
Price / SF$145.83
Days on Market86
Property Features for 4 Federico Dr
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
WILLIAM PITT SOTHEBY'S - LENOX
Listed By:
Tonia L. Scalise · License #900594
(413) 822-0574
Source:
Mclean-realtors
Added: Aug 13
Changed: Nov 4
Last Checked: Nov 6 at 4:35AM
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 PITT SOTHEBY'S - LENOX
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Investment Insights
Based on property information with market context.
Built in 1998, this single-story office property contains 14,440 square feet and is divided into two tenant-occupied units. One 4,608-square-foot suite has updated office-style interiors and is used for television production and administrative work. The exterior combines decorative block and metal siding, with fixed-frame windows and a pitched metal roof on a slab-on-grade foundation.
Four overhead doors are positioned at the rear: three measure 10 by 10 feet, and one measures 14 by 10 feet. Rear access runs through a fenced section of the site used by the anchor tenant, Spectrum, for vehicle and equipment storage.
Four overhead doors are positioned at the rear: three measure 10 by 10 feet, and one measures 14 by 10 feet. Rear access runs through a fenced section of the site used by the anchor tenant, Spectrum, for vehicle and equipment storage.
Key Highlights
- 14,440 square feet in a single‑story office building
- Two tenant‑occupied units
- One 4,608‑square‑foot suite used for television studio and office functions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,557
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,751,140
$3.8M
Cap Rate 7%
$2,679,386
$2.7M
Cap Rate 9%
$2,083,967
$2.1M
Market Conditions
NOI Build-Up for 14,400 SF
Gross rent
$311.0K $21.60/SF
− Vacancy
−$61.0K −$4.23/SF
EGI
$250.1K $17.37/SF
− OpEx
−$62.5K −$4.34/SF
NOI
$187.6K $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%
$3,751,140
Cap Rate 7%
$2,679,386
Cap Rate 9%
$2,083,967
Alternative Uses
Best Use
Office B
$2.68M
$2.34M – $3.13M
NOI $187,557 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,142 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
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Business Placement
Demographics for 01201, MA
45,494
Population
22,566
Households
2
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
60.4 sq mi
ZIP Area
753
Density / Sq Mi
$68,879
Median Household Income
$43,054
Median Earnings
$1,098
Median Rent
$236,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The 14,440-square-foot building is configured for two occupants and includes rear ground-level overhead doors.
Where is this office building located?
The property is located at 4 Federico Dr Pittsfield, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 14,440 square feet in a single‑story office building; Two tenant‑occupied units; One 4,608‑square‑foot suite used for television studio and office functions
