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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Industrial properties
17 Downing 3rd Park1c, Pittsfield, MA 01201-4169
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1792918
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1986
Construction
STEEL FRAME
Total area
20,936 SF
Zoning code
IG
APN
PITT M:M12 B:0099 L:003
UPID
US38-1792918
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
$945k
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.38M
Owner & transaction history
17 Downing Pittsfield LLC · 8 yrs held
17 Downing Pittsfield LLC
since 2017
7 recorded transactions
Zoning & alternative use
IG · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+39.7%
Retail stores
$1.7M
+31.8%
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
$945,000
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,315,000
Current use
COMMERCIAL (GENERAL)
$1,840,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,735,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$66 / 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
$34,469
Tax year 2024
Assessed value
$870,200
Assessed 2024
Previous assessed
$870,200
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed improvement
$870,200
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
20,936 SF
Zoning code
IG
APN
PITT M:M12 B:0099 L:003
UPID
US38-1792918
Jurisdiction
PITTSFIELD
Zoning & alternative use
IG · Pittsfield, MA
Zoning IG · permitted uses
IG · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
17 Downing Pittsfield LLC
Entity
Mailing address
323 RED BARN RD, DALTON, MA 01226-2100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 20, 2017
—
17 Downing Pittsfield LLC
17 Downing 3 Nominee Trust
Quit Claim Deed
related
—
Oct 16, 2009
—
17 Downing 3 Nt
—
Grant Deed
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
—
Sep 4, 2003
—
Rochelo Fnt
—
Deed Of Trust
related
$550,000 · Pittsfield Capital Bank
Sep 16, 1993
—
Apex Engineering INC
—
Deed Of Trust
related
$30,000 · Zuckerman Family Nomi
Sep 10, 1993
—
Apex Engineering INC
—
Grant Deed
related
$210,000 · City Savings Bank
Dec 4, 1991
$327,000
Apex Engineering INC
Central Berk Cnty Dev
Grant Deed
$420,000 · First Agricultural Bk
Feb 4, 1987
$400,000
Cntrl Berk Cnty Dev Co
Newslow,james A III
Grant Deed
$360,000 · Berkeley Fed'l Bank & Trust
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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