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Property profile & analytics
FOR LEASE
Investment properties
656 Street Ext N Pittsfield, MA 01201
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1467264
For Lease
1 / 2
$12 SF/Yr
656 Street Ext N, Pittsfield, MA 01201
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1897
Construction
FRAME
Total area
16,625 SF
Lot
0.19 ac (8,276 SF)
Zoning code
DCD
APN
PITT M:H10 B:0013 L:001
UPID
US38-1467264
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
-
Bellco Realty Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.26M
Owner & transaction history
Pittsfield Residence LLC · 3 yrs held
Pittsfield Residence LLC
since 2022
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
DCD · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+122.5%
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 Pittsfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsfield 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
$6,605,000
ML approach
$6,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,245,000
Change: +122% · Conversion: Difficult
Blend value · Realmo final
$5.26M
Range $4.73M – $5.78M · ±10% · vs last sale $5.20M (Sep 20 2022)
Last sale anchor
$5.20M
Sep 20 2022
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
$316 / 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
Assessed value
$461,800
Assessed 2024
Previous assessed
$434,000
+6.4% YoY
Assessed land
$91,000
Assessed improvement
$370,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1897
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
4
Units
13
Total area
16,625 SF
Lot
0.19 ac (8,276 SF)
Zoning code
DCD
APN
PITT M:H10 B:0013 L:001
UPID
US38-1467264
Jurisdiction
PITTSFIELD
Zoning & alternative use
DCD · Pittsfield, MA
Zoning DCD · permitted uses
DCD · Pittsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.2M
RESTAURANT
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
STEAM
Stories
4
Buildings
1
Units
13
Lot
0.19 ac
Current owner
From public records · entity-resolved
Pittsfield Residence LLC
Entity
Free & Clear · 3 yrs held
Mailing address
395 NN ST #230, PITTSFIELD, MA 01201-4603
Ownership since
2022
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
Sep 20, 2022
$5,200,000
Pittsfield Residence LLC
Bellco Realty INC
Quit Claim Arm's Length For Ne States
—
Jun 28, 2010
—
Bellco Realty INC
—
Deed Of Trust
related
$2,705,234 · Thomas A Ricchi
Dec 15, 1992
—
Bellco Rlty INC
—
Deed Of Trust
related
$950,000 · Zenon Grzybowski
Dec 15, 1992
$1,750,000
Bellco Rlty INC
Lee Bell Ft
Grant Deed
related
$650,000 · Berkshire Cnty Savings Bank
Sep 1, 1987
$269,000
Lee Bell Ft
South Pond Farm INC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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