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Property profile & analytics
OFF-MARKET
Estimated value
$12,175,000
Grocery and convenience stores
876 State Rd, North Adams, MA 01247-3027
Individually Owned
31-yr Hold
Free & Clear
Property ID
US38-0459209
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1992
Construction
STEEL FRAME
Total area
64,956 SF
Lot
6.79 ac (295,772 SF)
APN
NADA M:135 B:0000 L:42
UPID
US38-0459209
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.07M
Comparable Approach
Comparable
$13.89M
Blend (final)
Blend
$12.18M
Owner & transaction history
Assoc Zeiger · 31 yrs held
Assoc Zeiger
since 1994
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.7M
+36.0%
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%
$13,070,000
6.5%
$12,065,000
7%
$11,200,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,325,000
Current use
RESTAURANT
$12,685,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$9,065,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,470,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,440,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.18M
Range $10.96M – $13.39M · ±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
$187 / 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
$237,969
Tax year 2024
Assessed value
$6,548,400
Assessed 2024
Previous assessed
$6,404,800
+2.2% YoY
Effective rate
3.63%
On assessed value
Assessed land
$1,135,500
Assessed improvement
$5,412,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
7
Total area
64,956 SF
Lot
6.79 ac (295,772 SF)
APN
NADA M:135 B:0000 L:42
UPID
US38-0459209
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
RETAIL STORES Current
Est. value
$9.3M
RESTAURANT
Est. value
$12.7M
OFFICE BUILDING
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
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
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
7
Lot
6.79 ac
Current owner
From public records · entity-resolved
Assoc Zeiger
Individual
Free & Clear · 31 yrs held
Mailing address
97 POWERHOUSE RD STE #101, ROSLYN HEIGHTS, NY 11577-2046
Ownership since
1994
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
Mar 16, 2010
—
Zeiger Assoc LLC
—
Deed Of Trust
related
$5,325,000 · Thomas A Ricchi
Mar 8, 2000
—
Zeiger Associates LLC
—
Deed Of Trust
related
$5,820,000 · Amresco Capital LP
Oct 25, 1994
$6,485,000
Assoc Zeiger
Airport Road LP
Grant Deed
—
Feb 18, 1992
—
Airport Road LP
—
Deed Of Trust
related
$5,500,000 · Shawmut Bank Of Boston
Nov 29, 1991
$581,000
Airport Road LP
N A Associated LP
Grant Deed
$581,000 · Zenon Grzybowski
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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