Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    First Class Office Data Center Title is generated by Realmo AI

    877 South St, Pittsfield, MA 01201

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office and data center with redundant infrastructure and ample parking.

    Type:Office
    Added:
    Aug 11, 2023
    Days on Market:
    1030
    Last Refresh:
    May 12 at 8:23 pm

    Property Features for 877 South St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 877 South St Contact us

    We can help!

    Listing Contact
    John Jarrell

    Listing agent John Jarrell License #RI

    Listing office Materials Science Associates LLC

    Listing date Aug 11, 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 Materials Science Associates LLC

    HighLights

    • First class office and data center
    • Disaster recovery compliant with redundant infrastructure
    • Modern open floor plates can be customized
    • Over 320 free on‑site parking spaces
    • Located in a campus setting
    • Accessed directly off Route 20

    Overview

    This first-class office and data center is situated in a campus setting. The building and its systems are disaster recovery compliant, featuring redundant infrastructure. Over 320 free on-site parking spaces are available. The modern, open floor plates can be customized to fit the requirements of various office users. The property is located south of the center of Pittsfield, between the Pittsfield Country Club and the Bousquet Mountain Ski Area, with direct access off Route 20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clinical & Support Options Medical Clinic Hospice Care In the Berkshires Nursing Home Nancy Persson Foster Care Service Jacqueline Pelzek Foster Care Service Julie Wigmore Foster Care Service

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2584778
    Latitude
    42.4174149

    Nearby Similar for Lease

    • $1,200/Mo

      Spacious Office/Clinic Space For Rent

      Well-maintained office/clinic space with utilities included and ample parking.
      30 E Housatonic, Pittsfield, MA 01201
      View Details
    • $1,200/Mo

      Spacious Office/Clinic Space For Rent

      Well-maintained office/clinic space with utilities included and ample parking.
      30 East Housatonic, Pittsfield, MA 01201
      View Details
    • $7 SF/Yr
      21,760 SF

      Pittsfield Warehouse with Office Space

      21,760 SF warehouse with office, production, and storage space.
      15 Commercial Street, Pittsfield, MA, 01201
      View Details
    • $1,400/Mo

      Spacious Office/Clinic Space For Rent

      Well-maintained office/clinic space with utilities included, close to downtown.
      30 East Housatonic, Pittsfield, MA 01201
      View Details
    • $6 SF/Yr
      40,000 SF

      Industrial Space in Pittsfield, MA

      Surplus industrial space for lease within SABIC's Processing Development Center.
      55 Merrill Road, Pittsfield, MA, 01201
      View Details
    • $16 SF/Yr
      2,362 SF

      Retail Space in Pittsfield, MA

      Retail space available for lease in Pittsfield, Massachusetts.
      717 E St, Pittsfield, MA
      View Details
    • $15 SF/Yr
      1,640 SF

      Office Space Available For Rent

      Office space available for lease in Pittsfield, Massachusetts.
      39 Elmvale Pl, Pittsfield, MA
      View Details
    • $12 SF/Yr
      1,250 SF

      Retail Space in Pittsfield, MA

      Retail space available for lease in Pittsfield, Massachusetts.
      656 N St, Pittsfield, MA
      View Details
    • $20 SF/Yr
      800 SF

      Retail Space Near Downtown

      Retail space available in downtown Pittsfield, Massachusetts.
      18 First St, Pittsfield, MA 01201
      View Details
    • $6 SF/Yr
      44,650 SF

      Former High School For Lease

      44,650 SF former high school building on 10.3 acres.
      22 Maplewood Ave, Pittsfield, MA 01201
      View Details
    • $17 SF/Yr
      4,500 SF

      Pittsfield Office Space Available

      4,500 square feet of office space for lease.
      100 West St, Pittsfield, MA
      View Details
    • Contact for pricing
      2,320 SF

      Retail Space Near Major Routes

      Retail space in Pittsfield, MA, near Routes 8 & 9.
      37 Cheshire Rd, Pittsfield, MA
      View Details

    FAQs

    What type of property is this?
    Office building - Office and data center with redundant infrastructure and ample parking.
    Where is this office building located?
    The property is located at 877 South St Pittsfield, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: First class office and data center; Disaster recovery compliant with redundant infrastructure; Modern open floor plates can be customized
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Jarrell
    Real Estate License ID: RI
    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
    877 South 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!