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    Property profile & analytics

    551 Main St Lanesborough, MA 01237

    • Super regional malls
    • 9,599 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimation
    $595,000
    Location Intelligence
    Property ID
    US38-1202534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Super regional malls

    Property Details for 551 Main St

    Year built
    1987
    Construction
    FRAME
    Lot size
    1.70 lot acres
    Property size
    9,599 SF
    Zone code
    B
    Property type
    Super regional malls
    APN
    LANE M:112 L:6
    APU
    LANEM112L6

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lanesborough
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2369
    Latitude
    42.5007
    CBSA code
    38340
    CBSA name
    PITTSFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,310
    $114,800
    $608,900
    $723,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $395,000
      7,130 SF

      555 Main St

      REGIONAL SHOPPING CENTER, MALL • 7,130 SF
      555 Main St, Lanesborough, MA 01237
      View Details
    • Value Estimation by Request
      2.21 Acres

      Brodie Mtn Rd

      PARKING LOT • 2.21 Acres
      Brodie Mtn Rd, Hancock, MA 01237
      View Details
    • Value Estimation by Request
      124,490 SF

      Cheshire Rd

      DEPARTMENT STORE • 124,490 SF
      Cheshire Rd, Lanesborough, MA 01237
      View Details
    • Value Estimation
      $1,060,000
      2,723 SF

      137 Brodie Mtn Rd

      RESTAURANT • 2,723 SF
      137 Brodie Mtn Rd, Hancock, MA 01237-6923
      View Details
    • Value Estimation
      $350,000
      3,736 SF

      720 Cheshire Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,736 SF
      720 Cheshire Rd, Lanesborough, MA 01237-9774
      View Details
    • Value Estimation
      $240,000
      1,522 SF

      685 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,522 SF
      685 Main St, Lanesborough, MA 01237-9708
      View Details

    Similar Nearby for Sale

    • $65,000
      4.38 Acres

      Lanesborough Land For Sale

      4.38 acre lot in Lanesborough, Massachusetts.
      Bailey Rd, Lanesborough, MA 01237
      View Details
    • $49,000
      0.11 Acres

      Lanesborough Land with Water Views

      Residential land for sale with lake access and sunrise views.
      Ocean St, Lanesborough, MA 01237
      View Details
    • $65,000
      2.16 Acres

      Residential Land in Lanesborough, MA

      Residential land available in Lanesborough, Massachusetts.
      Miner Rd, Lanesborough, MA 01237
      View Details
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    551 Main St
    Lanesborough, MA 01237
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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