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Property profile & analytics
OFF-MARKET
Estimated value
$6,155,000
Hotels
40 Main St, North Adams, MA 01247-3407
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0209452
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1974
Construction
STEEL FRAME
Total area
82,241 SF
Lot
1.71 ac (74,488 SF)
APN
NADA M:126 B:0000 L:20
UPID
US38-0209452
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.54M
CAP Approach
CAP
$7.67M
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$6.16M
Owner & transaction history
NA Hotel LLC · 4 yrs held
NA Hotel LLC
since 2021
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
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 North Adams submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Adams 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
$6,920,000
ML approach
$6,540,000
CAP Approach
CAP Return
Estimation
6%
$8,300,000
6.5%
$7,665,000
7%
$7,115,000
Blend value · Realmo final
$6.16M
Range $5.54M – $6.77M · ±10% · vs last sale $4.45M (Dec 10 2021)
Last sale anchor
$4.45M
Dec 10 2021
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
$75 / 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
$149,350
Tax year 2024
Assessed value
$4,109,800
Assessed 2024
Previous assessed
$4,015,000
+2.4% YoY
Effective rate
3.63%
On assessed value
Assessed land
$317,900
Assessed improvement
$3,791,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
7
Units
90
Rooms
90
Bathrooms
109
Total area
82,241 SF
Lot
1.71 ac (74,488 SF)
APN
NADA M:126 B:0000 L:20
UPID
US38-0209452
Jurisdiction
NORTH ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
7
Buildings
1
Units
90
Rooms
90
Bathrooms
109
Lot
1.71 ac
Current owner
From public records · entity-resolved
NA Hotel LLC
Entity
Mailing address
20 NEWMAN AVE UNIT #1005, RUMFORD, RI 02916-3601
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$4,450,000
NA Hotel LLC
North Adams Hospitality
Quit Claim Arm's Length For Ne States
$7,750,000 · Mountain 1st Bank & Trust Co
Feb 19, 2010
—
N Adams Hospitality LLC
—
Deed Of Trust
related
$8,700,000 · Hoosac Bank
Jul 2, 2009
$2,575,000
North Adams Hospitali LLC
Sanmar INC
Grant Deed
$2,193,750 · Hoosac Bank
Oct 29, 2003
—
Sanmar INC
—
Deed Of Trust
related
$125,000 · Thomas A Ricchi
Jun 5, 1998
—
Samnar INC
—
Deed Of Trust
related
$2,350,000 · Thomas A Ricchi
Dec 22, 1993
—
Sanmar INC
—
Deed Of Trust
related
$442,650 · Zuckerman Family Nomi
May 14, 1993
—
Sanmar INC
—
Deed Of Trust
related
$350,000 · Berkshire Cnty Savings Bank
Jun 8, 1992
$143,100
Sanmar INC
Heartland Fsla
Grant Deed
—
Nov 25, 1987
$2,700,000
Fed Sv Frontier
National Hotel Corp
Grant Deed
—
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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