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    15 Cone Ave West Stockbridge, MA 01236
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    15 Cone Ave West Stockbridge, MA 01236

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    • Land
    • 1.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 15 Cone Ave

    Lot size
    1.73 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 1.73-acre property in the charming Village of Housatonic, Massachusetts, presents a unique investment opportunity. Built in 2019, the main residence boasts a spacious 3-bedroom, 3-bathroom ranch-style layout. The home's interior features red oak flooring throughout the common areas, sourced from the property itself. Convenience is key with a main floor laundry room and a fully finished walk-out basement. Outdoor living is enhanced by a Trex deck overlooking a private backyard oasis complete with an above-ground pool and a hot tub. Adding to the property's appeal is a second building, generating rental income from two apartments. This secondary structure also includes a two-car garage, providing ample parking and storage. The combined total building area is 4,161 square feet. This property offers the perfect blend of comfortable living and lucrative rental income, making it an ideal family compound or a smart investment. The property is located at 15 Cone Ave, Great Barrington, MA 01236, in Berkshire County. The asking price is $799,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Stockbridge
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.3768
    Latitude
    42.2594

    Comparable in this City

    • Value Estimation by Request
      2,970 SF

      338 Long Pond Rd

      COMMERCIAL (GENERAL) • 2,970 SF
      338 Long Pond Rd, Housatonic, MA 01236-9726
      View Details
    • Value Estimation
      $850,000
      10,184 SF

      286 Great Barrington Rd

      HOTEL-RESORT • 10,184 SF
      286 Great Barrington Rd, Housatonic, MA 01236-9774
      View Details
    • Value Estimation
      $880,000
      6,000 SF

      414 Park St

      SHOW ROOM, WAREHOUSE • 6,000 SF
      414 Park St, Housatonic, MA 01236
      View Details
    • Value Estimation by Request
      33.02 Acres

      234 Great Barrington Rd

      CHARITABLE ORGANIZATION • 33.02 Acres
      234 Great Barrington Rd, Housatonic, MA 01236-9778
      View Details
    • Value Estimation
      $1,590,000
      21,176 SF

      420 Park St

      MANUFACTURING (LIGHT) • 21,176 SF
      420 Park St, Housatonic, MA 01236-7745
      View Details
    • Value Estimation by Request
      0.44 Acres

      2 Kirk St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.44 Acres
      2 Kirk St, Housatonic, MA 01236-9733
      View Details

    Similar Nearby for Sale

    • $589,000
      5,044 SF

      Great Barrington Multifamily Property

      Multifamily property for sale in Great Barrington, Massachusetts.
      163 Front St, Great Barrington, MA 01236
      View Details
    • $589,000
      5,044 SF

      Commercial Property with Rental Income

      Established auto business with garage and rental apartments for sale.
      163 Front St, Great Barrington, MA 01236
      View Details
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    15 Cone Ave
    West Stockbridge, MA 01236
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    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
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