Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    153 State St North Adams, MA 01247-3922
    Back to Search
    Property profile & analytics

    153 State St, North Adams, MA 01247-3922

    View on Map
    • Investment properties
    • 1,805 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US38-2485808
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 153 State St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.03 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NADA M:151 B:0000 L:35
    APU
    NADAM151B0000L35

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2010 — Michael C Bloom — Deed Of Trust · related $600k · Thomas A Ricchi
    Apr 22, 2010 $40,000 Lorrie L Bloom Gavazzi,eugene A Grant Deed $32k · Thomas A Ricchi
    Jan 26, 1999 — Sj RT — Deed Of Trust · related $123k · Thomas A Ricchi
    Mar 9, 1998 — Sj RT — Deed Of Trust · related $31k · Thomas A Ricchi
    Oct 8, 1993 — Arnaldo Gavazzi — Deed Of Trust · related $13k · South Adams Savings Bank
    Apr 25, 1990 — Arnaldo Gavazzi — Deed Of Trust · related $20k · South Adams Savings Bank
    Jan 14, 1987 — Michael C Bloom — Deed Of Trust · related $26k · Zuckerman Family Nomi

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Adams
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.1144
    Latitude
    42.6951
    CBSA code
    38340
    CBSA name
    PITTSFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $7,800
    $58,600
    $66,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,748 SF

      147-149 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      147-149 State St, North Adams, MA 01247
      View Details
    • Value Estimation by Request
      2,663 SF

      315 Ashland St

      OFFICE/RESIDENTIAL (MIXED USE)
      315 Ashland St, North Adams, MA 01247-5006
      View Details
    • Value Estimation
      $575,000
      8,028 SF

      229 Mohawk Trl

      OFFICE/RESIDENTIAL (MIXED USE)
      229 Mohawk Trl, Florida, MA 01247-9620
      View Details
    • Value Estimation by Request
      4,872 SF

      165-167 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      165-167 State St, North Adams, MA 01247
      View Details
    • Value Estimation by Request
      2,124 SF

      243 Un St, Unit 405

      OFFICE/RESIDENTIAL (MIXED USE)
      243 Un St, North Adams, MA 01247-3571
      View Details
    • Value Estimation
      $5,375,000
      69,288 SF

      101 Main St, Unit 107

      OFFICE/RESIDENTIAL (MIXED USE)
      101 Main St, North Adams, MA 01247-3424
      View Details

    Similar Nearby for Sale

    • $79,900
      121,968 SF

      Cleared Land For Sale

      Just under 3 acres of mostly cleared and level land.
      471 Middle Rd, Clarksburg, MA 01247
      View Details
    • Contact for pricing
      2,261 SF

      Renovated Triplex Ready for Occupancy

      Three-family home, renovated, ideal for investors or owner-occupiers.
      301 Walnut St, North Adams, MA 01247
      View Details
    • New
      $84,900
      2,623 SF

      Spacious Two-Unit Property

      Large two-unit property with open floorplans, ready to renovate.
      56 Liberty St, North Adams, MA 01247
      View Details
    • $150,000
      Pending

      Two-Family Home in North Adams

      Classic two-family home near downtown North Adams.
      12-14 Orchard Ter, North Adams, MA 01247
      View Details
    • New
      $59,900
      2,518 SF

      Two-Unit Residential Income Property

      Two 3-bedroom units with a mostly gutted interior, already started with some framing and wiring for renovation.
      27 Hall St, North Adams, MA 01247
      View Details
    • New
      $149,900
      2,540 SF

      Duplex with Renovation in Progress

      Two-unit duplex with six bedrooms and finishing work underway, already featuring updated tile, kitchens, and flooring.
      17-19 Bracewell Ave, North Adams, MA 01247
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Retail Space Available

      Freestanding retail building in downtown North Adams.
      70 Ashland St, North Adams, MA 01247
      View Details
    • Contact for pricing

      Grocery Anchored Retail Opportunity

      Retail space and outparcel available in North Adams, MA.
      876 State Rte 2, North Adams, MA 01247
      View Details
    • Contact for pricing
      127,626 SF

      Parkade Plaza Retail Space For Lease

      North Adams, MA Retail Center - High Visibility
      82 Main St, North Adams, MA 01247
      View Details
    • Contact for pricing
      9,482 SF

      Retail Space in North Adams

      Retail space available in historic North Adams, Massachusetts.
      76-82 Main St, North Adams, MA 01247
      View Details
    • Contact for pricing
      71,000 SF

      Turnkey Cultivation and Warehouse Facility

      71,000 SF facility with cultivation, processing, and warehouse space.
      1466 Curran Memorial Hwy, North Adams, MA 01247
      View Details
    • Contact for pricing
      3,090 SF

      Main Street Retail Space

      Retail space in historic North Adams near Mass MOCA.
      36-74 Main St, North Adams, MA 01247
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    153 State St
    North Adams, MA 01247-3922
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    153 State St, North Adams, MA, 01247
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!