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Property profile & analytics
OFF-MARKET
Estimated value
$29,345,000
Super regional malls
5 Cheshire Rd Pittsfield, MA 01201-1831
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-0382050
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1966
Construction
STEEL FRAME
Total area
242,525 SF
Lot
12.52 ac (545,328 SF)
Zoning code
BC
APN
PITT M:L14 B:0001 L:401
UPID
US38-0382050
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
-
Bennington Furniture + Mattress Furniture & Home Goods Home Decor Store
-
Mad Macs, inc Computer & Electronic Repair
-
H&R Block Tax Preparation
-
love's beauty studio Hair Salon Nail Salon
-
Madden Chiropractic Office: Traversa Brian J DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.35M
Owner & transaction history
Allendale Shopping LLC · 20 yrs held
Allendale Shopping LLC
since 2006
2 recorded transactions
Zoning & alternative use
BC · 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
MEDICAL BUILDING
$28,100,000
Change: 0% · Conversion: Difficult
RESTAURANT
$27,570,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,435,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$21,010,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,405,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$17,865,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$29.35M
Range $26.41M – $32.28M · ±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
$121 / 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
$336,752
Tax year 2024
Assessed value
$8,501,700
Assessed 2024
Previous assessed
$8,501,700
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$2,168,800
Assessed improvement
$6,332,900
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
242,525 SF
Lot
12.52 ac (545,328 SF)
Zoning code
BC
APN
PITT M:L14 B:0001 L:401
UPID
US38-0382050
Jurisdiction
PITTSFIELD
Zoning & alternative use
BC · Pittsfield, MA
Zoning BC · permitted uses
BC · Pittsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$28.1M
RESTAURANT
Est. value
$27.6M
AUTO REPAIR, GARAGE
Est. value
$27.4M
RETAIL STORES
Est. value
$21.0M
COMMERCIAL (GENERAL)
Est. value
$18.4M
OFFICE BUILDING
Est. value
$17.9M
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
12.52 ac
Current owner
From public records · entity-resolved
Allendale Shopping LLC
Entity
Mailing address
40 CUTTER ML RDV206, NEW YORK, NY 10021
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2006
—
Allendale Shopping LLC
—
Deed Of Trust
related
$11,775,000 · Cib
Feb 22, 2006
$13,200,000
Allendale Shopping LLC
Point Petre Dev LLC
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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