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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
80 Industrial Dr, Pittsfield, MA 01201-8236
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1322261
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
STEEL FRAME
Total area
9,660 SF
Lot
2.66 ac (115,870 SF)
Zoning code
IL
APN
PITT M:H06 B:0005 L:515
UPID
US38-1322261
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
-
TNT Carports & Metal Building General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$590k
Owner & transaction history
Venancio Torres · 3 yrs held
Venancio Torres
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
IL · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+39.7%
Retail stores
$800,000
+31.8%
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 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
$570,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$605,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +32% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $450k (Dec 27 2022)
Last sale anchor
$450k
Dec 27 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
$61 / 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
$18,324
Tax year 2024
Assessed value
$462,600
Assessed 2024
Previous assessed
$462,600
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$137,200
Assessed improvement
$325,400
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
1985
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
9,660 SF
Lot
2.66 ac (115,870 SF)
Zoning code
IL
APN
PITT M:H06 B:0005 L:515
UPID
US38-1322261
Jurisdiction
PITTSFIELD
Zoning & alternative use
IL · Pittsfield, MA
Zoning IL · permitted uses
IL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Venancio Torres
Individual
Mailing address
622 HANCOCK RD, PITTSFIELD, MA 01201-2232
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
—
Venancio Torres
Pittsfield City Of
Redemption Deed
related
—
Dec 16, 2022
$450,000
Smegal Holdings LLC
Venancio Torres
Quit Claim Arm's Length For Ne States
$360,000 · Pittsfield Cooperative Bank
Feb 28, 2020
—
Venancio Torres
—
Deed
related
$125,000 · Hanwha Intermational
Oct 11, 2019
—
Venancio Torres
—
Deed
related
$4,049,389 · Optima Steel Intl
May 5, 2017
—
Venancio Torres
—
Deed
related
$5,011,317 · Totem Steel Int'l
Apr 12, 2006
$425,000
Venancio Torres
Valley Mill Corp
Grant Deed
$325,000 · Valley Mill Corp
Sep 15, 1995
$205,000
Alan Lipton
USA Sba
Grant Deed
$232,000 · Lenox Savings Bank
Dec 30, 1987
—
Alan Lipton
—
Deed Of Trust
related
$200,000 · Zeger Corp Pension Trust
—
—
Venancio Torres
—
Deed Of Trust
related
$4,049,389 · Optima Steel Intl
—
—
Venancio Torres
—
Deed Of Trust
related
$125,000 · Hanwha Intermational
—
—
Venancio Torres
—
Deed Of Trust
related
$5,011,317 · Totem Steel Int'l
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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