Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    198 Main St Great Barrington, MA 01230-2295
    Property profile & analytics

    198 Main St, Great Barrington, MA 01230-2295

    View on Map
    • Commercial real estate
    • 0.54 lot acres
    Off-Market
    Property ID
    US38-1139124
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 198 Main St

    Lot size
    0.54 lot acres
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    GREA M:014.0 B:0000 L:0190.0
    APU
    GREAM0140B0000L01900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 3, 2014 $450,000 Gabe Historic Preservation New England Annual Conf Quit Claim Deed —

    Description

    This exceptional opportunity presents the chance to acquire a well-established and profitable bakery in the heart of Great Barrington, Massachusetts. Located at 198 Main St, this 2,533 square foot retail space, built in 1900, is a turnkey operation ready for a new owner. The sale includes all existing equipment, valuable proprietary recipes, and a skilled team already in place, ensuring a smooth transition and continued success. The business boasts a strong reputation within the community and benefits from a high-traffic location. The asking price for this owner-user investment is $350,000. This is a rare chance to own a thriving business in a desirable Berkshires location, offering immediate income potential and the opportunity for future growth. The single-unit property provides a complete and efficient operation, ready for an experienced baker or entrepreneur to take over and continue its legacy. Financial details are available upon request. This is a unique opportunity to acquire a well-established business with a proven track record and significant potential for expansion. The property's prime location in Great Barrington, MA (zip code 01230) ensures high visibility and consistent customer traffic. Don't miss this chance to own a piece of the Berkshires' culinary scene.

    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
    Great Barrington
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.3615
    Latitude
    42.1973
    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
    $16,447
    $174,400
    $1,009,700
    $1,184,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.91 Acres

      115 Gashouse Ln

      COMMERCIAL (GENERAL)
      115 Gashouse Ln, Great Barrington, MA 01230-1392
      View Details
    • Value Estimation by Request
      0.81 Acres

      696 Main St

      COMMERCIAL (GENERAL)
      696 Main St, Great Barrington, MA 01230-2012
      View Details
    • Value Estimation
      $1,180,000
      7,379 SF

      46 Sheffield Rd

      COMMERCIAL (GENERAL)
      46 Sheffield Rd, Great Barrington, MA 01230-1933
      View Details
    • Value Estimation
      $635,000
      20.57 Acres

      300 Stockbridge Rd

      COMMERCIAL (GENERAL)
      300 Stockbridge Rd, Great Barrington, MA 01230-1235
      View Details
    • Value Estimation
      $875,000
      8.04 Acres

      6 Nolan Dr

      COMMERCIAL (GENERAL)
      6 Nolan Dr, Great Barrington, MA 01230-1362
      View Details
    • Value Estimation
      $815,000
      5,600 SF

      11 Riv St

      SHOW ROOM, WAREHOUSE
      11 Riv St, Great Barrington, MA 01230-1330
      View Details

    Similar Nearby for Sale

    • $235,000
      4.37 Acres

      Private Lot in Great Barrington

      Gently sloped, wooded 4.37-acre lot near Great Barrington center.
      162 Alford Rd, Great Barrington, MA 01230
      View Details
    • Contact for pricing

      Land Parcels For Sale

      Multiple land parcels available for sale.
      3A Jenssen Rd, Egremont, MA 01230
      View Details
    • Contact for pricing

      Turn-Key Liquor Store Opportunity

      Successful liquor store business for sale with great exposure.
      490 Main St, Great Barrington, MA 01230
      View Details
    • $1,195,000
      4,368 SF

      Commercial Storefront on Railroad Street

      Commercial storefront property on iconic Railroad Street in downtown Great Barrington.
      14 Railroad St, Great Barrington, MA 01230
      View Details
    • $990,000
      100.00 Acres

      Expansive Acreage in New Marlborough

      100-acre land parcel in New Marlborough, Massachusetts.
      312 County Rd, New Marlborough, MA 01230
      View Details
    • $1,195,000
      4,368 SF

      Railroad Street Storefront Opportunity

      Commercial storefront on iconic Railroad Street in downtown Great Barrington.
      14 Railroad St, Great Barrington, MA 01230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space in Historic Building

      Prime restaurant space in downtown Great Barrington with commercial kitchen.
      4244 Railroad St, Great Barrington, MA 01230
      View Details
    • Contact for pricing
      269 SF

      Prime Retail/Office Space Available

      Landmark building in Great Barrington with retail and office spaces.
      321 Main St, Great Barrington, MA 01230
      View Details
    • Contact for pricing

      Great Barrington Retail/Office Spaces

      Highly visible retail/office spaces in downtown Great Barrington.
      34 Bridge St, Great Barrington, MA 01230
      View Details
    • Contact for pricing
      2,000 SF

      Retail Spaces in Great Barrington

      Three retail spaces available in busy Great Barrington shopping center.
      300-354 Stockbridge Rd, Great Barrington, MA 01230
      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.
    198 Main St
    Great Barrington, MA 01230-2295
    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
    198 Main St, Great Barrington, MA, 01230
    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!