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Property profile & analytics
OFF-MARKET
Estimated value
$4,650,000
Manufacturing properties
10 Betnr Industrial Dr Pittsfield, MA 01201-7831
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-0163745
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Construction
STEEL FRAME
Total area
61,010 SF
Lot
6.97 ac (303,613 SF)
Zoning code
LDI
APN
PITT M:E06 B:0001 L:606
UPID
US38-0163745
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lenco Armored Vehicles, Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.15M
Comparable Approach
Comparable
$5.12M
Blend (final)
Blend
$4.65M
Owner & transaction history
Light Holdings LLC · 22 yrs held
Light Holdings LLC
since 2004
5 recorded transactions
Zoning & alternative use
LDI · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+39.7%
Retail stores
$5.1M
+31.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pittsfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,570,000
6.5%
$5,145,000
7%
$4,775,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,835,000
Current use
COMMERCIAL (GENERAL)
$5,355,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$5,055,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$4.65M
Range $4.19M – $5.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$108,318
Tax year 2024
Assessed value
$2,734,600
Assessed 2024
Previous assessed
$2,734,600
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$190,000
Assessed improvement
$2,544,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
1
Stories
2
Units
1
Total area
61,010 SF
Lot
6.97 ac (303,613 SF)
Zoning code
LDI
APN
PITT M:E06 B:0001 L:606
UPID
US38-0163745
Jurisdiction
PITTSFIELD
Zoning & alternative use
LDI · Pittsfield, MA
Zoning LDI · permitted uses
LDI · Pittsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RETAIL STORES
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Buildings
1
Units
1
Lot
6.97 ac
Current owner
From public records · entity-resolved
Light Holdings LLC
Entity
Mailing address
10 BETNR INDUSTRIAL DR, PITTSFIELD, MA 01201-7831
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2004
$2,200,000
Light Holdings LLC
Ten Betnr Drive LLC
Grant Deed
related
$1,760,000 · Thomas A Ricchi
Feb 13, 2003
$1,500,000
10 Betnr Drive LLC
Berkshire Bk
Grant Deed
$1,275,000 · Thomas A Ricchi
Sep 29, 1999
$3,125,000
Mold Pittsfield
Kirchner Family Nt
Grant Deed
$2,500,000 · Thomas A Ricchi
Sep 29, 1999
—
Mold Pittsfield
—
Deed Of Trust
related
$1,900,000 · Thomas A Ricchi
Dec 26, 1996
$52,000
Nt Kirchner
Betnr Ind Dev Corp
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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