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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
378 Ss St Pittsfield, MA 01201-6804
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1496233
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Construction
FRAME
Total area
4,249 SF
Lot
0.67 ac (29,055 SF)
Zoning code
RM
APN
PITT M:H06 B:0007 L:017
UPID
US38-1496233
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
-
Balance Rock Investment Group Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$640k
Owner & transaction history
David M Milligan · 8 yrs held
David M Milligan
since 2018
7 recorded transactions
Zoning & alternative use
RM · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
AUTO REPAIR, GARAGE
$550,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$151 / 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
$13,836
Tax year 2024
Assessed value
$349,300
Assessed 2024
Previous assessed
$349,300
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$127,100
Assessed improvement
$222,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1906
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
11
Rooms
16
Total area
4,249 SF
Lot
0.67 ac (29,055 SF)
Zoning code
RM
APN
PITT M:H06 B:0007 L:017
UPID
US38-1496233
Jurisdiction
PITTSFIELD
Zoning & alternative use
RM · Pittsfield, MAZoning RM · permitted uses
RM · Pittsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$550,000
OFFICE BUILDING Current
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
1906
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
11
Rooms
16
Lot
0.67 ac
Current owner
From public records · entity-resolved
David M Milligan
Individual
Mailing address
40 COMMONWEALTH AVE, PITTSFIELD, MA 01201-7012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Mar 16, 2018
$402,000
David M Milligan
Olde White Horse Inn L
Quit Claim Arm's Length For Ne States
$321,600 · Pittsfield Cp Bk
Jan 9, 2006
$485,000
Olde White Horse Inn L
Joseph E Kalisz
Deed
$388,000 · Td Banknorth Mtg Grp
Jul 1, 1996
—
Joseph E Kalisz
—
Deed Of Trust
related
$163,000 · Pittsfield Econ Revit
May 10, 1996
—
Joseph E Kalisi
—
Deed Of Trust
related
$17,690 · Pittsfield Econ Revit
May 9, 1996
$385,000
Joseph E Kalisz
Virgilio,ronald J
Grant Deed
$197,500 · Berkshire Cnty Savings Bank
May 9, 1996
—
Joseph E Kalisz
—
Deed Of Trust
related
$158,000 · Berkshire Cnty Savings Bank
Oct 16, 1992
$220,000
Ronald J Virgilio
Greenland Dev Corp
Grant Deed
$170,000 · Berkshire Cnty Savings Bank
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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