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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Retail properties & Spaces
475 Pittsfield Rd, Lenox, MA 01240-2132
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0458935
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1920
Construction
FRAME
Total area
5,586 SF
Lot
1.63 ac (70,916 SF)
Zoning code
C-1A
APN
LENO M:50 B:005 P:0000 U:00
UPID
US38-0458935
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$975k
Owner & transaction history
475 Pittsfield Rd LLC · 2 yrs held
475 Pittsfield Rd LLC
since 2024
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
C-1A · Lenox, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+52.7%
Restaurant
$1.1M
+36.0%
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 Lenox submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenox 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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,035,000
7%
$965,000
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
COMMERCIAL (GENERAL)
$1,225,000
Change: +53% · Conversion: Easy
RESTAURANT
$1,090,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$780,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (Jun 12 2024)
Last sale anchor
$975k
Jun 12 2024
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
$175 / 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
$11,029
Tax year 2024
Assessed value
$858,300
Assessed 2024
Previous assessed
$858,300
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$268,000
Assessed improvement
$590,300
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
5,586 SF
Lot
1.63 ac (70,916 SF)
Zoning code
C-1A
APN
LENO M:50 B:005 P:0000 U:00
UPID
US38-0458935
Jurisdiction
LENOX
Zoning & alternative use
C-1A · Lenox, MA
Zoning C-1A · permitted uses
C-1A · Lenox, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lenox. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
475 Pittsfield Rd LLC
Entity
Free & Clear · 2 yrs held
Mailing address
475 PITTSFIELD RD, LENOX, MA 01240-2132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Aug 7, 2024
—
475 Pittsfield Road LLC
—
Deed
related
$14,500,000 · Patrick J Sheehan
Jun 12, 2024
$975,000
475 Pittsfield Rd LLC
Yankee Candle Com INC
Quit Claim Arm's Length For Ne States
—
Apr 30, 1992
—
Yankee Candle Co INC
—
Deed Of Trust
related
$2,900,000 · Us Trust Co
Apr 9, 1991
—
Yankee Candle Co INC
—
Deed Of Trust
related
$9,150,639 · Baybank Middlesex
Jan 5, 1989
—
The Yankee Candle Co
—
Deed Of Trust
related
$7,700,000 · Baybank First E Hampton
Sep 23, 1988
—
Yankee Candle Co INC
—
Deed Of Trust
related
$5,065,000 · Heritage Nis Bank For Savings
Jun 2, 1987
$400,000
Yankee Candle Co INC
Trombly,theodore J
Grant Deed
$625,000 · Hampshire National 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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