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    Property profile & analytics

    615 Laurel St Lee, MA 01238-9180

    • Hotels
    • 7,937 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $4,040,000
    Last Sale
    Dec 06, 2022
    $3,448,000
    Location Intelligence
    Property ID
    US38-0353897
    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

    • The LakeHouse Inn / Hotel / Inn
    • Oasis Bar & Grill / Restaurant

    Property Details for 615 Laurel St

    Year built
    1903
    Construction
    FRAME
    Lot size
    2.00 lot acres
    Property size
    7,937 SF
    Zone code
    RB
    Property type
    Hotels
    APN
    LEEE M:007 B:00 L:0000-0011.0
    APU
    LEEEM007B00L000000110

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,770,000
      6.5%
      $3,335,000
      7%
      $3,275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,525,000
      Geo Method
      $3,070,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,715,000
      Retail
      $3,535,000
      Mixed-Use
      $3,730,000
      Hospitality
      $2,980,000
      Educational
      $2,800,000
      Residential Income
      $3,750,000
      Energy
      $2,950,000
      Income-Based Land
      $2,905,000
      Food Service
      $3,535,000

    Location Insight

    • Map
    • Local Demand
    City
    Lee
    County
    Berkshire
    State
    Massachusetts
    Longitude
    -73.2623
    Latitude
    42.3259
    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
    $19,525
    $645,000
    $1,092,100
    $1,737,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      741 SF

      85 Stockbridge Rd

      HOTEL-RESORT • 741 SF
      85 Stockbridge Rd, Lee, MA 01238-9308
      View Details
    • Value Estimation by Request
      4,808 SF

      199 Main St

      HOTEL-RESORT • 4,808 SF
      199 Main St, Lee, MA 01238-1660
      View Details
    • Value Estimation by Request
      9,492 SF

      200 Laurel St

      MOTEL • 9,492 SF
      200 Laurel St, Lee, MA 01238-9508
      View Details
    • Value Estimation
      $1,585,000
      9,426 SF

      980 Pleasant St

      MOTEL • 9,426 SF
      980 Pleasant St, Lee, MA 01238-9326
      View Details
    • Value Estimation by Request
      3,024 SF

      185 Housatonic St

      MOTEL • 3,024 SF
      185 Housatonic St, Lee, MA 01238
      View Details
    • Value Estimation by Request
      7,409 SF

      150 Housatonic St

      MOTEL • 7,409 SF
      150 Housatonic St, Lee, MA 01238-1328
      View Details

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      View Details
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      Historic Three-Unit Berkshire Estate

      Historic three-unit residence near Lenox, Stockbridge, and Tanglewood.
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    • $197,950
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      Residential Land in Lee, MA

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      2,135 SF

      Lakeside Condominium with Mountain Views

      Ground-level condo with lake access, mountain views, and updated kitchen.
      770 Summer St, Lee, MA 01238
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      Versatile three-unit building with residential and commercial income potential.
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    615 Laurel St
    Lee, MA 01238-9180
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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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