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    57 Park St, Unit 63 Adams, MA 01220-2011
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    Property profile & analytics

    57 Park St, Unit 63, Adams, MA 01220-2011

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    • Investment properties
    • 10,890 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Apr 13, 2022
    $425,000
    Property ID
    US38-1414318
    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.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 57 Park Street Gifts and Goodies / Cafe & Coffee Shop

    Property Details for 57 Park St

    Year built
    1925
    Lot size
    0.25 lot acres
    Zone code
    B2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ADAM M:1150 B:0000 L:00020
    APU
    ADAMM1150B0000L00020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 13, 2022 $425,000 Hoosac Range LLC Great Expectations Rental Quit Claim Arm's Length For Ne States —
    Dec 12, 2018 $300,000 Great Expectations Rental Steepleview T Quit Claim Arm's Length For Ne States $240k · Adams Bank & Trust
    May 24, 2006 — T Steepleview — Deed Of Trust · related $225k · Greylock FCU
    Aug 1, 2003 — Steepleview RT — Deed Of Trust · related $205k · South Adams Savings Bank
    Aug 1, 2002 — Steepleview Tr — Deed Of Trust · related $15k · Wstrn Ma Enterpr Fund
    Jun 19, 2002 — T Steepleview — Deed Of Trust · related $20k · Massachusetts Dev Fin'l Agency
    Feb 7, 2002 — Steepleview Tr — Grant Deed · related $160k · South Adams Savings Bank
    Mar 16, 2001 — Rty-adams T Steeplview — Deed Of Trust · related $50k · Lee Bank
    Mar 16, 1999 $150,000 RT Adam Steepleview School Street Assoc Nt Grant Deed $120k · Thomas A Ricchi
    Mar 16, 1999 — RT Adam Steepleview — Deed Of Trust · related $30k · Zenon Grzybowski
    Dec 21, 1995 — School St Assoc Nt — Deed Of Trust · related $72k · City Savings Bank
    May 25, 1990 — School St Assoc Nt — Deed Of Trust · related $60k · Zwi Kohorn
    — — Matthew J Chaput — Deed Of Trust · related $300k · Greylock FCU
    — — Steepleview Trust — Deed Of Trust · related $300k · Greylock FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $540,000
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $423,000
      Market price range: $190k - $730k
      AI Estimate
      $649,000
      Market price range: $375k - $1.10M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $470,000
      Current use
      INDUSTRIAL (GENERAL)
      $685,000
      Change: +45% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Adams
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.1199
    Latitude
    42.6226
    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
    $0.00
    $69,300
    $303,000
    $372,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      56-58 Columbia St

      OFFICE/RESIDENTIAL (MIXED USE)
      56-58 Columbia St, Adams, MA 01220
      View Details
    • Value Estimation by Request
      10,746 SF

      79-81 Park St

      OFFICE/RESIDENTIAL (MIXED USE)
      79-81 Park St, Adams, MA 01220
      View Details
    • Value Estimation by Request
      2,076 SF

      249 Summer St

      OFFICE/RESIDENTIAL (MIXED USE)
      249 Summer St, Adams, MA 01220-5102
      View Details
    • Value Estimation by Request
      3,988 SF

      32 Summer St

      OFFICE/RESIDENTIAL (MIXED USE)
      32 Summer St, Adams, MA 01220-1574
      View Details
    • Value Estimation by Request
      3,080 SF

      217 Ee Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      217 Ee Rd, Adams, MA 01220-9759
      View Details
    • Value Estimation by Request
      6,358 SF

      30 Park St

      OFFICE/RESIDENTIAL (MIXED USE)
      30 Park St, Adams, MA 01220-2017
      View Details

    Similar Nearby for Sale

    • New
      $550,000
      6,286 SF

      Mixed-Use Retail and Residential with Parking

      Two storefronts and four residences with recent electrical, roof, and unit updates, plus deeded parking.
      57-63 Park St, Adams, MA 01220
      View Details
    • Contact for pricing
      Pending

      Renovated Mixed-Use Property

      Mixed-use property with retail/office space and rear apartment.
      56-58 Columbia St, Adams, MA 01220
      View Details
    • Contact for pricing
      1,772 SF

      Two-Family Income Property with Garage

      Two separate units on 2.7 acres, with independent utilities and a 3-car garage, offering flexibility for renovations.
      59 East Hoosac St, Adams, MA 01220
      View Details
    • Contact for pricing
      2,840 SF

      Renovated Two-Unit Property

      Spacious, renovated two-unit property with updated kitchens and bathrooms.
      10-12 Richmond St, Adams, MA 01220
      View Details
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      7,464 SF

      Adams Multifamily Investment Opportunity

      Nine updated units near downtown Adams and Ashuwillticook Rail Trail.
      16-18 North Summer St, Adams, MA 01220
      View Details
    • Contact for pricing

      Commercial Land For Sale

      19,602 SqFt of commercial land available.
      50 Commercial St, Adams, MA 01220
      View Details
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    57 Park St, Unit 63
    Adams, MA 01220-2011
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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