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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Investment properties
121-123 Nn St, Cheshire, MA 01225
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-0949637
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1888
Construction
STEEL FRAME
Total area
3,924 SF
Lot
18 ac (784,080 SF)
APN
CHES M:0109 L:0008
UPID
US38-0949637
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$605k
Owner & transaction history
Dery Properties LLC · 8 yrs held
Dery Properties LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$565,000
+15.6%
Office building
$550,000
+12.3%
Auto repair, garage
$510,000
+4.6%
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 Cheshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheshire 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%
$660,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Current use
RETAIL STORES
$565,000
Change: +16% · Conversion: Easy
OFFICE BUILDING
$550,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$510,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$154 / 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
$5,985
Tax year 2024
Assessed value
$517,300
Assessed 2024
Previous assessed
$517,300
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$171,300
Assessed improvement
$346,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1888
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
3
Rooms
5
Bathrooms
4
Total area
3,924 SF
Lot
18 ac (784,080 SF)
APN
CHES M:0109 L:0008
UPID
US38-0949637
Jurisdiction
CHESHIRE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$490,000
RETAIL STORES
Est. value
$565,000
OFFICE BUILDING
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$510,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1888
Construction
STEEL FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
3
Rooms
5
Bathrooms
4
Lot
18 ac
Current owner
From public records · entity-resolved
Dery Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
54 BRADFORD ST, PITTSFIELD, MA 01201-4582
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2017
—
Dery Properties LLC
J Edward Dery INC
Quit Claim Deed
related
—
Dec 15, 1987
$3,500
J Edward Derx INC
Sylvia,mary M
Grant Deed
$800,000 · First Agricultural Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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