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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office buildings
218 Main St, Lenox, MA 01240-3201
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-1869221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
4,956 SF
Lot
2.7 ac (117,612 SF)
Zoning code
R-15
APN
LENO M:17 B:058 P:0000 U:00
UPID
US38-1869221
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
-
Keator Group LLC Financial Advisor
-
Stonover Health & Wellness Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$965k
Owner & transaction history
Lenox 218 RT · 19 yrs held
Lenox 218 RT
since 2007
7 recorded transactions
Zoning & alternative use
R-15 · Lenox, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+57.1%
Retail stores
$710,000
+2.9%
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 Lenox submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenox 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%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: +57% · Conversion: Easy
RETAIL STORES
$710,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$645,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$195 / 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
$12,021
Tax year 2024
Assessed value
$935,500
Assessed 2024
Previous assessed
$899,100
+4.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$313,700
Assessed improvement
$621,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
4,956 SF
Lot
2.7 ac (117,612 SF)
Zoning code
R-15
APN
LENO M:17 B:058 P:0000 U:00
UPID
US38-1869221
Jurisdiction
LENOX
Zoning & alternative use
R-15 · Lenox, MA
Zoning R-15 · permitted uses
R-15 · Lenox, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenox. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$645,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Lenox 218 RT
Individual
Mailing address
218 MAIN ST, LENOX, MA 01240-3201
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
—
Lenox 218 Real Estate LLC
—
Deed
related
$900,000 · Greylock FCU
Dec 12, 2019
—
Lenox 218 R & E LLC
—
Deed
related
$900,000 · Greylock FCU
Sep 4, 2008
—
Lenox 218 Re LLC
—
Deed Of Trust
related
$1,500,000 · Greylock FCU
Mar 15, 2007
$700,000
Lenox 218 RT
Demayo,james V
Grant Deed
$900,000 · Pittsfield Capital Bank
Mar 15, 2007
—
Lenox 218 Re LLC
—
Deed Of Trust
related
$500,000 · Demayo T
Feb 18, 2005
—
James V Demayo
—
Deed Of Trust
related
$475,000 · Lenox National Bank
Mar 8, 2002
—
James V Demayo
—
Deed Of Trust
related
$375,000 · Greylock FCU
Jul 10, 2001
—
James V Demayo
—
Deed Of Trust
related
$350,000 · Lenox National Bank
Jul 26, 1995
—
James V Demayo
—
Deed Of Trust
related
$311,494 · Lenox National Bank
Dec 1, 1988
—
James V Demayo
—
Deed Of Trust
related
$425,000 · Lenox National Bank
—
—
Lenox 218 R & E LLC
—
Deed Of Trust
related
$900,000 · Greylock FCU
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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