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    Property profile & analytics

    40 Main St North Adams, MA 01247-3407

    • Hotels
    • 82,241 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 10, 2021
    $4,450,000
    Location Intelligence
    Property ID
    US38-0209452
    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

    • Hotels

    Property Details for 40 Main St

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    1.71 lot acres
    Property size
    82,241 SF
    Property type
    Hotels
    APN
    NADA M:126 B:0000 L:20
    APU
    NADAM126B0000L20

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Adams
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.1135
    Latitude
    42.6983
    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
    $149,350
    $317,900
    $3,791,900
    $4,109,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $480,000
      5,227 SF

      229-231 Riv St

      HOTEL-RESORT • 5,227 SF
      229-231 Riv St, North Adams, MA 01247
      View Details
    • Value Estimation
      $275,000
      2,462 SF

      245 Riv St, Unit 251

      HOTEL-RESORT • 2,462 SF
      245 Riv St, North Adams, MA 01247-3201
      View Details
    • Value Estimation
      $440,000
      5,227 SF

      223-225 Riv St

      HOTEL-RESORT • 5,227 SF
      223-225 Riv St, North Adams, MA 01247
      View Details
    • Value Estimation
      $415,000
      5,227 SF

      241-243 Riv St

      HOTEL-RESORT • 5,227 SF
      241-243 Riv St, North Adams, MA 01247
      View Details
    • Value Estimation
      $285,000
      5,291 SF

      259-261 Riv St

      HOTEL-RESORT • 5,291 SF
      259-261 Riv St, North Adams, MA 01247
      View Details
    • Value Estimation
      $340,000
      4,421 SF

      217-219 Riv St

      HOTEL-RESORT • 4,421 SF
      217-219 Riv St, North Adams, MA 01247
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      127,626 SF

      Parkade Plaza Retail Space For Lease

      North Adams, MA Retail Center - High Visibility
      82 Main St, North Adams, MA 01247
      View Details
    • Contact for pricing
      2,480 SF

      Prime Retail Space in North Adams

      Prominent retail space in historic North Adams, near Mass MOCA.
      11 Summer St, North Adams, MA 01247
      View Details
    • $700 /Mo

      Commercial Space for Lease

      Commercial space for lease on Rt2, North Adams, MA.
      475 Union St, North Adams, MA 01247
      View Details
    • $10 SF/Yr
      2,948 SF

      Retail Space on Veterans Memorial

      Retail space available on Veterans Memorial Drive in North Adams.
      55 Veterans Memorial Dr, North Adams, MA 01247
      View Details
    • $2,400 /Mo

      Apartment for Rent

      Apartment available for rent.
      520 State Rd, North Adams, MA 01247
      View Details
    • Contact for pricing
      22,000 SF

      Prime Retail Space Available

      Up to 22,000 SF available near major retailers.
      830 Curran Hwy, North Adams, MA 01247
      View Details

    Property Visit Statistics

    • Visits by month
      16.6k
    • Visitors by month
      11.6k
    • Avg Time on site
      22 min
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    40 Main St
    North Adams, MA 01247-3407
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    Realmo Value Estimation

    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.

    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.

    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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