Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    499 Gale Ave Pittsfield, MA 01201

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    499 Gale Ave Pittsfield, MA 01201

    View on Map
    • Land
    • 1.79 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 499 Gale Ave

    Lot size
    1.79 lot acres
    Property type
    Land

    Description

    This exceptional 1.79-acre commercial lot in Pittsfield, Massachusetts, presents a unique opportunity. Located at 499 Gale Ave, in Berkshire County (zip code 01201), this property boasts picturesque views of mountains and farmlands, offering a tranquil setting while remaining conveniently close to downtown Pittsfield. The lot has already undergone significant improvements, including the installation of a well, completion of a septic design, wetlands delineation, and underground electric conduit. This significantly reduces the upfront costs and complexities associated with developing the land. The partially cleared and graded lot provides a solid foundation for immediate construction. Its convenient location offers easy access to local amenities, as well as popular Berkshire attractions such as Bousquet Mountain, Tanglewood, and Jiminy Peak. The lot size is 77,972 square feet, providing ample space for various commercial ventures. The owner, a builder, is open to constructing a building on the property and has pre-existing designs available for review. This presents a rare opportunity to acquire a ready-to-build commercial lot in a highly desirable location. The asking price for this remarkable property is $99,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.3092
    Latitude
    42.4463

    Comparable in this City

    • Value Estimation by Request
      0.81 Acres

      Lot #50 Barker Rd

      Land • 0.81 Acres
      0 Lot #50 Barker Rd, Pittsfield, MA 01201
      View Details
    • Value Estimation by Request
      0.49 Acres

      Lot #112 Cadwell Rd

      Land • 0.49 Acres
      0 Lot #112 Cadwell Rd, Pittsfield, MA 01201
      View Details
    • Value Estimation by Request

      Woodlawn Ave

      Land
      0 Woodlawn Ave, Pittsfield, MA 01201
      View Details
    • Value Estimation by Request
      0.46 Acres

      Burbank St

      Land • 0.46 Acres
      0 Burbank St, Pittsfield, MA 01201
      View Details
    • Value Estimation by Request
      1.23 Acres

      Lot #140 Westbrook Ter

      Farms • 1.23 Acres
      0 Lot #140 Westbrook Ter, Pittsfield, MA 01201
      View Details
    • Value Estimation by Request
      1.61 Acres

      497 Gale Ave

      Land • 1.61 Acres
      497 Gale Ave, Pittsfield, MA 01201
      View Details

    Similar Nearby for Sale

    • New
      $155,000
      5.00 Acres

      5-Acre Lot in Pittsfield, MA

      5-acre lot available for sale in Pittsfield, MA.
      365 Churchill St, Pittsfield, MA 01201
      View Details
    • Contact for pricing

      Development Land For Sale

      4.6 acres of development land with utilities available.
      Dalton Division Rd, Pittsfield, MA 01201
      View Details
    • $2,400,000
      14.79 Acres

      Historic Pittsfield Mill Complex

      15 Buildings, 228,611 SF, 14.79 Acres
      20 Keeler St, Pittsfield, MA 01201
      View Details
    • Contact for pricing

      Construction Ready Sites Available

      Multiple sites for office, manufacturing, R&D, warehousing.
      75 Kellogg St, Pittsfield, MA 01201
      View Details
    • Contact for pricing

      Construction Ready Sites Available

      Multiple construction-ready sites suitable for various uses.
      45 Woodlawn Ave, Pittsfield, MA 01201
      View Details
    • Contact for pricing
      0.09 Acres

      Vacant Lot in Berkshire Location

      Vacant lot suitable for building an Accessory Dwelling Unit.
      15 Orlando Ave, Pittsfield, MA 01201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pittsfield Land For Rent

      Land available for rent in Pittsfield, Massachusetts.
      95 Union St, Pittsfield, MA 01201
      View Details
    • $2,100 /Mo

      Prime Downtown Lot For Lease

      0.17 acre lot in downtown Pittsfield for lease.
      95 Union St, Pittsfield, MA 01201
      View Details
    • Contact for pricing
      1,733 SF

      Retail Space in Pittsfield Center

      Retail space available in market-dominant shopping center.
      555 Hubbard Ave, Pittsfield, MA 01201
      View Details
    • Contact for pricing
      2,362 SF

      Retail Space in Pittsfield, MA

      Retail space available for lease in Pittsfield, Massachusetts.
      717 Street Ext E, Pittsfield, MA 01201
      View Details
    • Contact for pricing
      4,880 SF

      Retail Space Near Major Routes

      Retail space in Pittsfield, MA, near Routes 8 & 9.
      37 Cheshire Rd, Pittsfield, MA 01201
      View Details
    • Contact for pricing

      Spacious Office/Clinic Space For Rent

      Well-maintained office/clinic space with utilities included, close to downtown.
      30 East Housatonic St, Pittsfield, MA 01201
      View Details
    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.
    499 Gale Ave
    Pittsfield, MA 01201
    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

    499 Gale Ave, 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!