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Property profile & analytics
OFF-MARKET
Specialty properties
1450 Housatonic St, Pittsfield, MA 01201-7521
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US38-1375095
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1987
Construction
FRAME
Total area
7,468 SF
Lot
1.81 ac (78,844 SF)
Zoning code
IL
APN
PITT M:C04 B:0006 L:011
UPID
US38-1375095
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hillcrest Educational · 27 yrs held
Hillcrest Educational
since 1998
7 recorded transactions
Zoning & alternative use
IL · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$603,200
Assessed 2024
Previous assessed
$603,300
0.0% YoY
Assessed land
$150,500
Assessed improvement
$452,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
7,468 SF
Lot
1.81 ac (78,844 SF)
Zoning code
IL
APN
PITT M:C04 B:0006 L:011
UPID
US38-1375095
Jurisdiction
PITTSFIELD
Zoning & alternative use
IL · Pittsfield, MA
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Hillcrest Educational
Individual
Mailing address
788 SS ST, PITTSFIELD, MA 01201-8237
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2014
—
Hillcrest Educational Ctr
—
Deed Of Trust
related
$9,000,000 · Thomas A Ricchi
Oct 5, 2004
—
Hillcrest Educational Ctr
—
Deed Of Trust
related
$10,000 · Pitt City Comm Dev
Mar 15, 2002
—
Ed Centers Hillcrest
—
Deed Of Trust
related
$850,000 · Banknorth NA
Jul 8, 1998
$160,862
Hillcrest Educational
Hillcrest Lands INC
Grant Deed
related
$160,000 · Bankboston Development Co LLC
Nov 9, 1993
$850,000
Willowood Salisbury LP
Hillcrest Hospital INC
Grant Deed
$750,000 · Hillcrest Hospital
Dec 4, 1992
$225,000
Hillcrest Lands INC
Small Business Admn
Grant Deed
$210,080 · Multibank Natl Wstnma
Oct 8, 1992
$18,327
City Of Pittsfield
Northeast Constr Co
Grant Deed
—
Jan 4, 1991
$205,000
Us Small Bus Admr
Bear Care Rlty Co
Grant Deed
—
Aug 16, 1988
—
Bear Care Rlty Co
—
Deed Of Trust
related
$165,000 · Bank Of New Eng, West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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