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Property profile & analytics
FOR LEASE
Turn key restaurants
490 Pittsfield Rd, Lenox, MA 01240
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-1435793
For Lease
1 / 2
$20 SF/Yr
490 Pittsfield Rd, Lenox, MA 01240
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1984
Construction
FRAME
Total area
4,260 SF
Lot
0.64 ac (27,880 SF)
Zoning code
C-1A
APN
LENO M:50 B:007 P:0000 U:00
UPID
US38-1435793
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
-
Berkshire County Boxing Hall of Fame Gym & Fitness Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$735k
Owner & transaction history
490 Pittsfield Road LLC · 13 yrs held
490 Pittsfield Road LLC
since 2013
7 recorded transactions
Zoning & alternative use
C-1A · Lenox, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+12.2%
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
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
RESTAURANT
$830,000
Current use
COMMERCIAL (GENERAL)
$935,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$173 / 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
$9,982
Tax year 2024
Assessed value
$776,800
Assessed 2024
Previous assessed
$752,000
+3.3% YoY
Effective rate
1.29%
On assessed value
Assessed land
$175,700
Assessed improvement
$601,100
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
4,260 SF
Lot
0.64 ac (27,880 SF)
Zoning code
C-1A
APN
LENO M:50 B:007 P:0000 U:00
UPID
US38-1435793
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
RESTAURANT Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$935,000
RESTAURANT Current
COMMERCIAL (GENERAL)
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
490 Pittsfield Road LLC
Entity
Mailing address
490 PITTSFIELD RD, LENOX, MA 01240-2902
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2013
—
490 Pittsfield Road LLC
—
Deed Of Trust
related
$600,000 · Greylock FCU
May 21, 2013
—
490 Pittsfield Road LLC
Acm Props LLC
Quit Claim Deed
related
—
May 3, 2013
$482,703
Acm Props LLC
Jsh Ent LLC
Deed In Lieu Of Foreclosure
related
—
Nov 19, 2008
—
Jsh Enterprises LLC
—
Deed Of Trust
related
$359,000 · Bay Colony Dev Corp
Jul 17, 2008
$695,000
Jsh Enterprises LLC
Constantopoulos,sophia
Grant Deed
$467,500 · Legacy Banks
Jul 17, 2008
—
Jsh Enterprises LLC
—
Grant Deed
related
$327,250 · Legacy Banks
Feb 21, 2006
—
Sophia Constantopoulos
—
Deed Of Trust
related
$178,500 · Legacy Banks
May 14, 1987
—
Peter Constantopoulos
—
Deed Of Trust
related
$28,794 · Lee 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.
Try Rey
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