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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
Manufacturing properties
60 Roberts Dr, North Adams, MA 01247-3254
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0813025
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1897
Construction
FRAME
Total area
77,224 SF
Lot
3.87 ac (168,577 SF)
APN
NADA M:131 B:0000 L:23&
UPID
US38-0813025
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.51M
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$6.34M
Owner & transaction history
Moresi Commercial Inv · 9 yrs held
Moresi Commercial Inv
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.1M
+107.5%
Auto repair, garage
$10.0M
+106.8%
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 North Adams submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Adams 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%
$7,055,000
6.5%
$6,510,000
7%
$6,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,855,000
Current use
COMMERCIAL (GENERAL)
$10,070,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,035,000
Change: +107% · Conversion: Easy
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±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
$82 / 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
$61,985
Tax year 2024
Assessed value
$1,705,700
Assessed 2024
Previous assessed
$1,628,200
+4.8% YoY
Effective rate
3.63%
On assessed value
Assessed land
$647,200
Assessed improvement
$1,058,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1897
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
1
Bathrooms
14
Total area
77,224 SF
Lot
3.87 ac (168,577 SF)
APN
NADA M:131 B:0000 L:23&
UPID
US38-0813025
Jurisdiction
NORTH ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$10.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1897
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
1
Bathrooms
14
Lot
3.87 ac
Current owner
From public records · entity-resolved
Moresi Commercial Inv
Individual
Mailing address
60 ROBERTS DR STE #201, NORTH ADAMS, MA 01247-3256
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
Moresi Commercial Invests
—
Deed
related
$300,000 · Mountain 1st Bank & Trust Co
Oct 5, 2018
—
Moresi Commercial Inv
—
Deed
related
$1,100,000 · Mountainone Bk
Oct 13, 2017
—
Moresi Commercial Inve
—
Deed
related
$600,000 · Mountainone Bk
May 11, 2017
$47,500
Moresi Commercial Inv
Crane Property INC
Quit Claim Deed
—
—
—
Crane Property INC
—
Deed Of Trust
related
$85,000 · Highbridge Principal
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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