Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse Building in Pittsfield, MA Title is generated by Realmo AI

    15 Commercial St, Pittsfield, MA 01201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    21,760 SF warehouse building with office and production space.

    Type:Industrial
    Property size:
    21,760 SF
    Price / SF:
    $50/SF
    Added:
    Mar 24, 2023
    Days on Market:
    1155
    Last Refresh:
    May 12 at 9:22 pm

    Property Features for 15 Commercial St

    General Information

    Standard status
    Active
    Size
    21,760 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jack Reed
    Jack Reed

    Listing agent Jack Reed License #9551299

    Listing office CBRE - Hartford

    Listing date Mar 24, 2023

    Source Crexi

    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 CBRE - Hartford

    HighLights

    • ±21,760 SF warehouse building
    • Combination of office, production, and warehouse space
    • Available for sale or lease
    • Located in Pittsfield, Massachusetts

    Overview

    Available for sale or lease is a warehouse building offering approximately 21,760 square feet of space in Pittsfield, Massachusetts. The building is currently configured with a combination of office areas, production space, and warehouse storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hosta Hill Industrial Manufacturer Shire City Herbals Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Vella Self Storage — 1649 East St, Pittsfield, MA 01201
    • Elite Intel and Recovery LLC — 1573 East St Ste b, Pittsfield, MA 01201

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2163854
    Latitude
    42.4535375

    Nearby Similar for Sale

    • $1,800,000
      26,000 SF

      Classic Downtown Pittsfield Commercial Building

      Prime commercial building with diverse tenants and strong cash flow.
      137 North St, Pittsfield, MA 01201
      View Details
    • $379,000
      3,727 SF

      Victorian Multi-Family Investment Opportunity

      Three-unit Victorian in Pittsfield, fully occupied with income potential.
      39-41 Bartlett Ave, Pittsfield, MA 01201
      View Details
    • $325,000
      4,215 SF

      Residential Property in Pittsfield, MA

      Large residential property with income potential near downtown Pittsfield.
      292 West Street, Pittsfield, MA 99999
      View Details
    • $325,000
      4,215 SF

      Victorian Multifamily Property, Pittsfield, MA

      Residential income property with high occupancy potential near downtown Pittsfield.
      292 West St, Pittsfield, MA 01201
      View Details
    • $374,000
      4,400 SF

      Turnkey Brewery with Expansion Potential

      Fully operational brewery with taproom in high-traffic retail area.
      11 Gifford St, Pittsfield, MA 01201
      View Details
    • $249,900
      1,928 SF

      Renovated Two-Family Home in Pittsfield

      Turnkey two-family home with updated kitchens and baths.
      17 Wallace Place, Pittsfield, MA 01201
      View Details
    • $373,248
      7,000 SF

      Versatile Commercial Space in Pittsfield

      Flexible 7,000+ SF space suitable for various commercial uses.
      260 Columbus Ave, Pittsfield, MA 01202
      View Details
    • $1,200,000
      10,560 SF

      Historic Bed & Breakfast Opportunity

      Turnkey 9-unit bed & breakfast near downtown.
      74 Wendell Ave, Pittsfield, MA 01201
      View Details
    • $349,900
      2,870 SF

      Two-Family Home with Six Garages

      Two-family brick home with renovated unit and multiple garages.
      5-6 Monteleone Place, Pittsfield, MA 01201
      View Details
    • $375,000
      3,456 SF

      Six-Unit Investment Opportunity

      Six-unit property with income potential near downtown amenities.
      31 Bartlett Ave, Pittsfield, MA 01201
      View Details
    • $1,955
      1,745 SF

      Prime Commercial Space For Sale

      Highly visible commercial space suitable for various professional uses.
      195 South St, Pittsfield, MA 01201
      View Details
    • $325,000

      Large Residential Property in Pittsfield

      High-capacity residential property with income potential near downtown Pittsfield.
      292 West St, Pittsfield, MA 01201
      View Details

    FAQs

    What type of property is this?
    Warehouse - 21,760 SF warehouse building with office and production space.
    Where is this warehouse located?
    The property is located at 15 Commercial St Pittsfield, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: ±21,760 SF warehouse building; Combination of office, production, and warehouse space; Available for sale or lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Reed
    Jack Reed
    Real Estate License ID: 9551299
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 Commercial St, Pittsfield, MA 01201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!