Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    284 Main St Great Barrington, MA 01230-1738

    • Investment properties
    • 45,771 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $3,620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0579481
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 284 Main St

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    0.50 lot acres
    Property size
    45,771 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    GREA M:019.0 B:0000 L:0069.0
    APU
    GREAM0190B0000L00690

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,597,000
      Market price range: $3.45M - $10.5M
      AI Estimate
      $2,717,000
      Market price range: $2.72M - $7.85M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Great Barrington
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.3625
    Latitude
    42.1949
    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
    $44,961
    $270,900
    $2,966,000
    $3,236,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      18.60 Acres

      Jug End Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 18.60 Acres
      Jug End Rd, Egremont, MA 01230
      View Details
    • Value Estimation
      $755,000
      9,568 SF

      10 Depot St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,568 SF
      10 Depot St, Great Barrington, MA 01230
      View Details
    • Value Estimation by Request
      2,916 SF

      631 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,916 SF
      631 Main St, Great Barrington, MA 01230-2146
      View Details
    • Value Estimation by Request
      1,479 SF

      113 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,479 SF
      113 Brg St, Great Barrington, MA 01230-1338
      View Details
    • Value Estimation by Request
      1,784 SF

      62 Hartsville New Marlboro Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,784 SF
      62 Hartsville New Marlboro Rd, New Marlborough, MA 01230-2053
      View Details
    • Value Estimation by Request
      0.97 Acres

      1534 Hartsville New Marlboro Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.97 Acres
      1534 Hartsville New Marlboro Rd, New Marlborough, MA 01230-2075
      View Details

    Similar Nearby for Sale

    • $649,000
      3,000 SF

      Renovated Mixed-Use Building, Great Barrington

      Fully renovated mixed-use building with retail, office, and live-work space.
      783 Main St, Great Barrington, MA 01230
      View Details
    • $399,000
      1,337 SF

      Renovated Cape Near Downtown Amenities

      Renovated mixed-use cape, walk to downtown Great Barrington.
      153 State Rd, Great Barrington, MA 01230
      View Details
    • $725,000
      Pending

      Mixed-Use Property in Great Barrington

      Versatile commercial property with retail, manufacturing, and residential potential.
      955 Main St, Great Barrington, MA 01230
      View Details
    • $500,000
      0.66 Acres

      Prime Commercial Land on Route 7

      High-visibility commercial land on Route 7 in Great Barrington.
      185 A State Rd, Great Barrington, MA 01230
      View Details
    • $850,000
      5,000 SF

      Winery Opportunity in New Marlborough

      3-acre parcel with tasting room and storage near Stockbridge.
      8 Knight Rd, New Marlborough, MA 01230
      View Details
    • $2,500,000
      23.00 Acres

      Ready-to-Go Condo Expansion Project

      55-unit condo expansion project in Great Barrington, Massachusetts.
      Stanley Dr, Great Barrington, MA 01230
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      2,000 SF

      Furnished Office Space Available

      Second-floor office space in high-traffic location, Great Barrington.
      490 Main St, Great Barrington, MA 01230
      View Details
    • $1,095 /Mo
      301 SF

      Renovated Office Spaces Available

      Renovated office spaces for lease in Great Barrington.
      313-323 Main St, Great Barrington, MA 01230
      View Details
    • $1,495 /Mo
      365 SF

      Renovated Office Spaces Available

      Renovated office spaces for lease in Great Barrington.
      313-323 Main St, Great Barrington, MA 01230
      View Details
    • $8,000 /Mo

      Restaurant Space in Historic Building

      Prime restaurant space in downtown Great Barrington with commercial kitchen.
      4244 Railroad St, Great Barrington, MA 01230
      View Details
    • $1,300 /Mo
      589 SF

      Renovated Office Spaces Available

      Renovated office spaces in Great Barrington with modern amenities.
      313-323 Main 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.
    284 Main St
    Great Barrington, MA 01230-1738
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!