Medical Office with Full
86 Church, Lenox, MA 01240
For Sale
$495,000
Seven-office layout includes central air conditioning and off-street parking.
Property Size1,078 SF
Price / SF$459.18
Days on Market9
Property Features for 86 Church
General Information
Standard status
Size
Property subtype
Amenities
Central Air
Building Details
Year Built
Buildings
Listing Agency:
WILLIAM PITT SOTHEBY'S - LENOX
Listed By:
Richard G. Aldrich · License MA #009536117
(413) 243-1739
Source:
Harschrealestate
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 6:48AM
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.
This 1,078-square-foot medical office property in Historic Downtown Lenox was built in 1900 and previously housed a dental practice. The building contains seven offices, central air conditioning, and a full basement, with off-street parking available.
The property occupies a corner at Church and Tucker in Lenox, Massachusetts.
The property occupies a corner at Church and Tucker in Lenox, Massachusetts.
Key Highlights
- 1,078‑square‑foot medical office property
- Seven offices with central air conditioning
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,601
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,020
$312.0K
Cap Rate 7%
$222,871
$222.9K
Cap Rate 9%
$173,344
$173.3K
Market Conditions
NOI Build-Up for 1,078 SF
Gross rent
$32.3K $30.00/SF
− Vacancy
−$6.3K −$5.88/SF
EGI
$26.0K $24.12/SF
− OpEx
−$10.4K −$9.65/SF
NOI
$15.6K $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%
$312,020
Cap Rate 7%
$222,871
Cap Rate 9%
$173,344
Alternative Uses
Best Use
Healthcare Medical
$222.9K
$195.0K – $260.0K
NOI $15,601 @ 7.0% cap · market cap 3.15%
Second Best
Office B
$200.6K
$175.5K – $234.0K
NOI $14,041 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$315.6K
$276.2K – $368.3K
NOI $22,095 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 01240, MA
4,692
Population
3,029
Households
1.5
Avg Household Size
57
Median Age
52%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
196
Density / Sq Mi
$99,745
Median Household Income
$43,284
Median Earnings
$1,060
Median Rent
$480,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Seven-office layout includes central air conditioning and off-street parking.
Where is this medical office space located?
The property is located at 86 Church Lenox, MA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,078‑square‑foot medical office property; Seven offices with central air conditioning; Full basement
