Office Building with Parking
For Sale
$575,000
Pending
60 Cottage St, Great Barrington, MA 01236
Office building configured for professional use, with major capital upgrades and a large on-site parking lot.
Property Size2,103 SF
Days on Market170
Property Features for 60 Cottage St
General Information
Standard status
Pending
Size
2,103 SF
Property subtype
COMMERCIAL
Building Details
Building Size
2,103 SF
Year Built
1920
Listing Agency:
STONE HOUSE PROPERTIES, LLC
Listed By:
Timothy Gallagher · License #9573698
(413) 822-1008
Source:
Stonehouseproperties
Added: May 6
Changed: Oct 14
Last Checked: Oct 21 at 6:29AM
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 STONE HOUSE PROPERTIES, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building was previously utilized for professional offices serving mental health services, and it is configured for continued office use. Capital improvements include a newer boiler, newer hot water heater, a fully monitored smoke and CO detection system, and replacement of all windows.
The property is positioned within walking distance to downtown Great Barrington and sits on over one acre of land. It includes a large on-site parking lot designed to support convenient access for staff and visitors.
With its existing professional office layout and the completed building systems and envelope upgrades, the property offers a workable foundation for an owner seeking continued office operations.
The property is positioned within walking distance to downtown Great Barrington and sits on over one acre of land. It includes a large on-site parking lot designed to support convenient access for staff and visitors.
With its existing professional office layout and the completed building systems and envelope upgrades, the property offers a workable foundation for an owner seeking continued office operations.
Key Highlights
- Office building built in 1920, configured for professional use
- Capital improvements include a newer boiler, newer hot water heater, and all windows replaced
- Fully monitored smoke and CO detection system installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,435
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,700
$608.7K
Cap Rate 7%
$434,786
$434.8K
Cap Rate 9%
$338,167
$338.2K
Market Conditions
NOI Build-Up for 2,103 SF
Gross rent
$63.1K $30.00/SF
− Vacancy
−$12.4K −$5.88/SF
EGI
$50.7K $24.12/SF
− OpEx
−$20.3K −$9.65/SF
NOI
$30.4K $14.47/SF
Area
Berkshire County, MA
Vacancy
19.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,700
Cap Rate 7%
$434,786
Cap Rate 9%
$338,167
Alternative Uses
Best Use
Healthcare Medical
$434.8K
$380.4K – $507.3K
NOI $30,435 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$391.3K
$342.4K – $456.5K
NOI $27,391 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$615.8K
$538.8K – $718.4K
NOI $43,103 @ 7.0% cap · market cap 7.50%
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
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 01236, MA
1,513
Population
789
Households
1.9
Avg Household Size
48
Median Age
62%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
229
Density / Sq Mi
$91,172
Median Household Income
$48,301
Median Earnings
$481,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building configured for professional use, with major capital upgrades and a large on-site parking lot.
Where is this office building located?
The property is located at 60 Cottage St Great Barrington, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Office building built in 1920, configured for professional use; Capital improvements include a newer boiler, newer hot water heater, and all windows replaced; Fully monitored smoke and CO detection system installed
