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    457 Dalton Ave Pittsfield, MA 01201

    Sponsored
    For Sale
    $9,150,000

    High-yield shopping center, prime location.

    Property size:
    77,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 77,820-square-foot regional shopping center, located at 457 Dalton Ave in Pittsfield, Massachusetts (01201), presents a compelling investment opportunity. The property boasts a strong 6.86% capitalization rate and a substantial net operating income (NOI) of $628,128. Currently, the center is anchored by a significant 33,000-square-foot Big Lots store, providing excellent stability and drawing power. An additional 30,000 square feet of space is leased to a local medical group, further diversifying the tenant mix and ensuring consistent revenue streams. The asking price for this well-positioned asset is $9,150,000, translating to a price per square foot of $117.58. Situated on a 6-acre lot, the center offers ample parking for customers and employees, contributing to its high traffic counts and overall appeal. The property benefits from an assumable mortgage, streamlining the acquisition process for potential buyers. This prime retail location in Berkshire County provides exceptional visibility and accessibility, making it an ideal investment for those seeking a stable, high-performing commercial property with significant upside potential. The property's size and established tenant base make it a particularly attractive opportunity in the competitive Pittsfield market.

    Property Features for 457 Dalton Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    77,820 SF
    Lot Size
    261,360 SF

    HighLights

    • 6.86% Cap Rate.
    • Assumable Mortgage.
    • Prime Pittsfield, MA retail location.
    • 77,820 SF regional shopping center.
    • High traffic counts with ample parking.
    • 6‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Caterer Eye Care Center: ... Eye Care Center Eye Care Center Optometrist US Navy Recruiting ... Military Recruiting Office U.S. Marine Corps ... Military Recruiting Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2149178
    Latitude
    42.4647892

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield shopping center, prime location.
    Where is this lifestyle center located?
    The property is located at 457 Dalton Ave Pittsfield, MA.
    What is the asking price?
    The asking price for this property is $9,150,000.
    What are key features of this property?
    This property features: 6.86% Cap Rate.; Assumable Mortgage.; Prime Pittsfield, MA retail location.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    457 Dalton Ave Pittsfield, MA 01201
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