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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Motels
525 Pittsfield Rd Lenox, MA 01240-2186
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1181950
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
FRAME
Total area
6,610 SF
Lot
1.37 ac (59,808 SF)
Zoning code
C-1A
APN
LENO M:33 B:006 P:0000 U:00
UPID
US38-1181950
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
-
Patel Bhanu Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$605k
Owner & transaction history
525 Pittsfield Lenox LLC · 4 yrs held
525 Pittsfield Lenox LLC
since 2021
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
C-1A · Lenox, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$950,000
+8.1%
Office building
$920,000
+5.1%
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%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$880,000
Current use
RETAIL STORES
$950,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$920,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $600k (Nov 5 2021)
Last sale anchor
$600k
Nov 5 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
$92 / 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
$9,166
Tax year 2024
Assessed value
$713,300
Assessed 2024
Previous assessed
$685,600
+4.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$264,700
Assessed improvement
$448,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Total area
6,610 SF
Lot
1.37 ac (59,808 SF)
Zoning code
C-1A
APN
LENO M:33 B:006 P:0000 U:00
UPID
US38-1181950
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
HOTEL/MOTEL Current
Est. value
$880,000
RETAIL STORES
Est. value
$950,000
OFFICE BUILDING
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$860,000
HOTEL/MOTEL Current
RETAIL STORES
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
1972
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
525 Pittsfield Lenox LLC
Entity
Free & Clear · 4 yrs held
Mailing address
83 HARTWELL AVE, LEXINGTON, MA 02421-3116
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
$600,000
525 Pittsfield Lenox LLC
Lenox Road Nt
Quit Claim Arm's Length For Ne States
—
Jun 5, 2020
—
Lenox Road Nt
Laxmi Narayan INC
Quit Claim Deed
related
—
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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