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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office Spaces
17 Downing 3rd Park Ste 2b Pittsfield, MA 01201-3872
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-1482771
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Construction
STEEL FRAME
Total area
5,251 SF
Zoning code
IG
APN
PITT M:M12 B:0099 L:005
UPID
US38-1482771
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
Current use
Occupant on record · Public records
-
Spectrum Plastics Group, A DuPont Business Production Facility Factory
-
Needlejig Tattoo Supply Marketing & Advertising IT Consulting Firm
-
Evolve Inks, Inc. Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$695k
Owner & transaction history
Straight Talk Investments · 11 yrs held
Straight Talk Investments
since 2015
7 recorded transactions
Zoning & alternative use
IG · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+39.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Current use
RESTAURANT
$1,025,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$680,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$132 / 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
$11,701
Tax year 2024
Assessed value
$295,400
Assessed 2024
Previous assessed
$295,400
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed improvement
$295,400
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
5,251 SF
Zoning code
IG
APN
PITT M:M12 B:0099 L:005
UPID
US38-1482771
Jurisdiction
PITTSFIELD
Zoning & alternative use
IG · Pittsfield, MAZoning IG · permitted uses
IG · Pittsfield, MA
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
OFFICE BUILDING Current
Est. value
$735,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING Current
RESTAURANT
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Straight Talk Investments
Entity
Mailing address
17 DOWNING 3RD PARK STE 2B, PITTSFIELD, MA 01201-3872
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Mar 6, 2015
$355,000
Straight Talk Investments
17 Downing Three Nomin Trust
Quit Claim Deed
$177,500 · Greylock FCU
Oct 16, 2009
—
17 Downing 3 Nt
—
Deed Of Trust
related
$1,000,000 · Pittsfield Capital Bank
Oct 23, 2007
—
17 Downing 3 Nt
—
Deed Of Trust
related
$3,600,000 · Pittsfield Capital Bank
Jun 26, 2007
$1
17 Downing 3 Nt
Rochelo Ft
Grant Deed
—
Jun 7, 2002
$374,000
Donald R Rochelo
Apx Acquisition Corp
Grant Deed
—
Jan 14, 1994
—
Apex Engineering INC
—
Deed Of Trust
related
$150,000 · City Savings Bank
Feb 8, 1989
—
Apex Engineering INC
—
Deed Of Trust
related
$245,000 · First Agricultural Bk
Nov 30, 1987
—
Apex Engineering INC
—
Deed Of Trust
related
$50,000 · Baybank First E Hampton
Apr 1, 1987
$325,000
Apex Engineering INC
Newslow,james A III
Grant Deed
$243,750 · 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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