Property profile

87 Main St Lanesborough, MA 01237

OFF-MARKET
Commercial real estate
Property ID
US38-1686298
3,926 SF 0.78 ac lot Built 2022
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2022
Construction FRAME
Total area 3,926 SF
Lot 0.78 ac (33,977 SF)
Zoning code LB
APN LANE M:108 L:20
UPID US38-1686298

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice Spa & Massage Center

Location

87 Main St Lanesborough, MA 01237-9727
Lanesborough metro Census 911100 PITTSFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
$610k
Comparable Approach Comparable
$602k
Blend (final) Blend
$385k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2021
$75,000
2005
Price N/A
2002
Price N/A
1999
Price N/A
1994
Price N/A
1994
$40,000

Zoning & alternative use

LB · Lanesborough, MA
Zoning description

LB, B and I Districts: one freestanding sign shall be permitted per lot. The maximum area of the sign shall be 50 square feet for the first business on the lot. The sign area may increase by 25 square feet per business f…

General category COMMERCIAL
Top alternative use upside
Retail stores $565,000 +15.6%
Office building $550,000 +12.3%
Auto repair, garage $510,000 +4.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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