Entity Owned 
For Sale
1 / 4
$3,568,000
163 South St, Pittsfield, MA 01201
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Property summary
AI-generated overview
The property at 163 South St, Pittsfield, Massachusetts 01201 is a commercial strip center anchored by O'Reilly Auto Parts. It includes approximately 13,750 square feet of rentable area on an estimated 0.89-acre parcel. The center is made up of multiple tenant spaces designed for commercial retail use, and it has a weighted average lease term of about 9.80 years based on the existing tenancy structure.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Construction
STEEL FRAME
Total area
13,760 SF
Lot
0.89 ac (38,681 SF)
Zoning code
DCD
APN
PITT M:H08 B:0007 L:001
UPID
US38-0373387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Orthotics & Prosthetics Service
-
Medical Clinic
-
Marketing & Advertising Printing Service
-
Pharmacy
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
since 2023
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
DCD · Pittsfield, MA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.82M
Value range
$1.64M – $2.00M
±10% around blend
Estimated value / SF
$132 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$1.64M
blend $1.82M
$2.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,760 SF
Lot area
0.89 ac
Year built
1993
Stories
1
APN
PITT M:H08 B:0007 L:001
Zoning
DCD
Assessed value
$866,700
Annual tax
$34,330
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$34,330
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.66%
Selected cap rate for this super regional malls
Derived from the Pittsfield market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.66%
9.0%
NOI (est.)
$166k *
Last sale · Mar 2023
$1.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.56M
Move the market yield to see immediate price impact.
Value / SF
$259
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.16%4.66%5.16%
$149k
$3.59M
$3.21M
$2.90M
$166k
$3.99M
$3.56M
$3.22M
$183k
$4.39M
$3.92M
$3.54M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$34,330
Tax year 2024
Assessed value
$866,700
Assessed 2024
Previous assessed
$866,700
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$194,700
Assessed improvement
$672,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
13,760 SF
Lot
0.89 ac (38,681 SF)
Zoning code
DCD
APN
PITT M:H08 B:0007 L:001
UPID
US38-0373387
Jurisdiction
PITTSFIELD
Zoning & alternative use
DCD · Pittsfield, MAZoning DCD · permitted uses
DCD · Pittsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DCD
Jurisdiction
Pittsfield, MA
Recorded code
DCD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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