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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Retail space
180 Elm St Pittsfield, MA 01201-5852
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0720692
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
STEEL FRAME
Total area
17,440 SF
Lot
1.8 ac (78,408 SF)
Zoning code
BG
APN
PITT M:I08 B:0020 L:012
UPID
US38-0720692
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
-
The UPS Store Courier Service Postal Service
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
Bliss Nails Studio Hair Salon Nail Salon
-
Berkshire Mountain Bakery Pizza Cafe Bakery Specialty Food Shop
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.03M
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.95M
Owner & transaction history
Elm St Shopping Ctr LLC · 4 yrs held
Elm St Shopping Ctr LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
BG · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+135.7%
Office building
$2.4M
+68.5%
Auto repair, garage
$2.3M
+56.9%
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
$3,745,000
ML approach
$4,025,000
CAP Approach
CAP Return
Estimation
6%
$3,510,000
6.5%
$3,240,000
7%
$3,005,000
Alternative Use
Use
Estimation
RESTAURANT
$3,405,000
Change: +136% · Conversion: Easy
OFFICE BUILDING
$2,435,000
Change: +68% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,265,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±10% · vs last sale $2.95M (Jul 14 2022)
Last sale anchor
$2.95M
Jul 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
$169 / 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
$82,068
Tax year 2024
Assessed value
$2,071,900
Assessed 2024
Previous assessed
$2,071,900
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$357,800
Assessed improvement
$1,714,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
17,440 SF
Lot
1.8 ac (78,408 SF)
Zoning code
BG
APN
PITT M:I08 B:0020 L:012
UPID
US38-0720692
Jurisdiction
PITTSFIELD
Zoning & alternative use
BG · Pittsfield, MAZoning BG · permitted uses
BG · 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
RESTAURANT
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
OFFICE BUILDING
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
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Elm St Shopping Ctr LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2341 BOSTON RD STE B308, WILBRAHAM, MA 01095-1368
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
—
Elm St Shopping Ctr LLC
Lake Rentals LLC
Quit Claim Deed
related
—
Jan 17, 2020
$2,950,000
Lake Rentals LLC
Elm Street Shops LLC
Quit Claim Arm's Length For Ne States
$2,212,500 · Westfield Bank Fsb
Feb 17, 2017
—
Elm Street Shops LLC
—
Deed
related
$1,500,000 · Radius Bank
Jan 23, 2006
$2,225,000
Elm St Shops LLC
Shirley,janice M
Grant Deed
$1,668,750 · Citibank Fsb
Sep 30, 2005
—
Janice M Shirley
—
Deed Of Trust
related
$461,000 · Thomas A Ricchi
Apr 9, 2004
—
William N Shirley
—
Deed Of Trust
related
$100,000 · Thomas A Ricchi
Jun 4, 2003
—
Janice M Shirley
—
Deed Of Trust
related
$50,000 · Thomas A Ricchi
Jun 14, 2002
$1,450,000
William N Shirley
R&d George Co
Grant Deed
$1,377,500 · Thomas A Ricchi
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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