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Property profile & analytics
OFF-MARKET
Estimated value
$5,855,000
Manufacturing properties
1454 State St, North Adams, MA 01247-3911
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-1770154
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
STEEL FRAME
Total area
46,191 SF
Lot
4.71 ac (205,080 SF)
APN
NADA M:015 B:0000 L:14
UPID
US38-1770154
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
$6.88M
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$5.86M
Owner & transaction history
Monomoy Prop N Adams Ma · 4 yrs held
Monomoy Prop N Adams Ma
since 2022
Last sale
$5.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+210.7%
Retail stores
$6.6M
+128.5%
Office building
$6.4M
+122.0%
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 North Adams submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Adams 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
$7,205,000
ML approach
$6,875,000
CAP Approach
CAP Return
Estimation
6%
$4,220,000
6.5%
$3,895,000
7%
$3,615,000
Alternative Use
Use
Estimation
RESTAURANT
$9,020,000
Change: +211% · Conversion: Difficult
RETAIL STORES
$6,635,000
Change: +128% · Conversion: Moderate
OFFICE BUILDING
$6,445,000
Change: +122% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,025,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,005,000
Change: +107% · Conversion: Easy
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±10% · vs last sale $5.67M (Jan 14 2022)
Last sale anchor
$5.67M
Jan 14 2022
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
$127 / 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
$98,162
Tax year 2024
Assessed value
$2,701,200
Assessed 2024
Previous assessed
$2,474,600
+9.2% YoY
Effective rate
3.63%
On assessed value
Assessed land
$636,200
Assessed improvement
$2,065,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
46,191 SF
Lot
4.71 ac (205,080 SF)
APN
NADA M:015 B:0000 L:14
UPID
US38-1770154
Jurisdiction
NORTH ADAMS
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
RESTAURANT
Est. value
$9.0M
RETAIL STORES
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
4.71 ac
Current owner
From public records · entity-resolved
Monomoy Prop N Adams Ma
Individual
Free & Clear · 4 yrs held
Mailing address
10100 SANTA MONICA BLVD STE #2400, LOS ANGELES, CA 90067-4136
Ownership since
2022
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
Jan 14, 2022
$5,672,500
Monomoy Prop N Adams Ma
Dorolu LLC
Quit Claim Arm's Length For Ne States
—
Jan 24, 2019
—
Dorolu LLC
Paldino,domenic D
Quit Claim Deed
related
—
Jan 30, 2004
$1,175,000
Dominic D Paldino
Cf RT
Grant Deed
$880,000 · Thomas A Ricchi
Jan 30, 2004
—
Dominic D Paldino
—
Deed Of Trust
related
$75,000 · First American Exchan
Aug 3, 1999
—
Cf RT
—
Deed Of Trust
related
$2,750,000 · Zions First National Bank
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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