New search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
25 Downing Pkwy, Pittsfield, MA 01201
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-1645752
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
STEEL FRAME
Total area
11,230 SF
Lot
3.5 ac (152,460 SF)
Zoning code
IG
APN
PITT M:M12 B:0001 L:005
UPID
US38-1645752
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$580k
Owner & transaction history
Mirabito Holdings INC · 9 yrs held
Mirabito Holdings INC
since 2017
7 recorded transactions
Zoning & alternative use
IG · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+102.1%
Office building
$825,000
+96.2%
Industrial (general)
$505,000
+20.1%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$420,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: +96% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$505,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$52 / 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
$20,744
Tax year 2024
Assessed value
$523,700
Assessed 2024
Previous assessed
$523,700
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$132,800
Assessed improvement
$390,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
11,230 SF
Lot
3.5 ac (152,460 SF)
Zoning code
IG
APN
PITT M:M12 B:0001 L:005
UPID
US38-1645752
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
WAREHOUSE, STORAGE Current
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$505,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1965
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Mirabito Holdings INC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 5306, BINGHAMTON, NY 13902-5306
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2017
$500,000
Mirabito Holdings INC
Dtk LLC
Quit Claim Deed
—
Dec 7, 2011
$390,000
Dtk LLC
Wojtkowski Bros INC
Grant Deed
$250,000 · Wojtkowski Bros INC
Apr 14, 2003
—
Albert S Wojtkowski
—
Deed Of Trust
related
$70,000 · Thomas A Ricchi
Mar 26, 2003
$275,000
Albert S Wojtkowski
Kirchner Grandchildren
Grant Deed
$260,000 · Thomas A Ricchi
Sep 29, 1995
$351,709
Csb Service Corp
Berkshire Beef Co INC
Grant Deed
—
Sep 29, 1995
$250,000
Grandchildren Kirchner
Csb Service Corp
Grant Deed
$190,000 · City Svgs Bk Pittsfld
Apr 25, 1990
—
Berkshire Beef Co INC
—
Deed Of Trust
related
$550,000 · City Svgs Bk Pittsfld
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 25 Downing Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
