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    Property profile & analytics

    369 Ss St Pittsfield, MA 01201-6803

    • Medical offices
    • 10,931 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0857921
    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

    • Dr. Thomas B. Edwards, MD / Allergist
    • Berkshire Allergy Care / Allergist / Medical Clinic
    • Albert Kyneret H MD / Doctor
    • Advanced Vein Care / Doctor
    • Richard Basile / Vascular Surgeon

    Property Details for 369 Ss St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.50 lot acres
    Property size
    10,931 SF
    Zone code
    RM
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    PITT M:H07 B:0004 L:004
    APU
    PITTMH07B0004L004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $721,000
      Market price range: $722k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2564
    Latitude
    42.4379
    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
    $21,940
    $105,800
    $448,100
    $553,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      3,988 SF

      387 Columbus Ave

      MEDICAL BUILDING • 3,988 SF
      387 Columbus Ave, Pittsfield, MA 01201-4909
      View Details
    • Value Estimation
      $250,000
      12,739 SF

      20 Elm St

      MEDICAL BUILDING • 12,739 SF
      20 Elm St, Pittsfield, MA 01201-6502
      View Details
    • Value Estimation
      $405,000
      5,670 SF

      217 Ss St

      MEDICAL BUILDING • 5,670 SF
      217 Ss St, Pittsfield, MA 01201-6837
      View Details
    • Value Estimation
      $1,410,000
      7,835 SF

      730 12th Crane Ave

      MEDICAL BUILDING • 7,835 SF
      730 12th Crane Ave, Pittsfield, MA 01201-1708
      View Details
    • Value Estimation
      $330,000
      3,775 SF

      18 Charles St

      MEDICAL BUILDING • 3,775 SF
      18 Charles St, Pittsfield, MA 01201-3302
      View Details
    • Value Estimation
      $250,000
      2,356 SF

      744 Williams St

      MEDICAL BUILDING • 2,356 SF
      744 Williams St, Pittsfield, MA 01201-7402
      View Details

    Similar Nearby for Sale

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      153,459 SF

      Pittsfield Industrial Property

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      Pittsfield Commercial Land - $99K

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    • $52,900
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      Pittsfield Commercial Land - 0.88 Acres

      Prime Pittsfield location, R-12 zoning, below assessed value.
      106 Barker Rd, Pittsfield, MA 01201
      View Details
    • $9,150,000
      77,820 SF

      Dalton Ave Plaza: Pittsfield Retail Center

      High-yield shopping center, prime location.
      457 Dalton Ave, Pittsfield, MA 01201
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    • $1,150,000
      21,760 SF

      Pittsfield Warehouse: Prime Industrial Space

      ±21,760 SF Warehouse, $1.15M
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    • $2,200,000
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      Prime .88-acre retail land, $2.2M
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    Similar Nearby for Lease

    • $12 SF/Yr
      104,009 SF

      Pittsfield Office Space for Lease

      Class A Office Building, Multiple Suites Available
      877 South St, Pittsfield, MA 01201
      View Details
    • New
      $1,400 /Mo
      9,348 SF

      Office Space Near Housing Court

      Functional office space with utilities included.
      30 E Housatonic St, Pittsfield, MA 01201
      View Details
    • $15 SF/Yr
      1,640 SF

      Office Space Available For Rent

      Office space available for lease in Pittsfield, Massachusetts.
      39 Elmvale Pl, Pittsfield, MA 01201
      View Details
    • $17 SF/Yr
      4,500 SF

      Pittsfield Office Space Available

      4,500 square feet of office space for lease.
      100 West St, Pittsfield, MA 01201
      View Details
    • $12 SF/Yr
      18,096 SF

      Pittsfield Creative Office Space

      Prime Pittsfield location, flexible office/retail
      3 Orchard St, Pittsfield, MA 01201
      View Details
    • $9 SF/Yr
      61,825 SF

      Lyman Street Office/Warehouse

      Pittsfield, MA industrial space. Single-tenant, 8,000 sq ft.
      10 Lyman St, Pittsfield, MA 01201
      View Details
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    369 Ss St
    Pittsfield, MA 01201-6803
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    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
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