Historic Greenfield Property with
151 Smead Hill Rd Greenfield Greenfield, MA 01301
151 Smead Hill Rd Greenfield, Greenfield, MA, 01301
$699,000
For Sale
$699,000
Historic property with potential for various commercial ventures.
Property Size8,744 SF
Price / SF$79.94
Days on Market64
Property Features for 151 Smead Hill Rd Greenfield
General Information
- Standard status
- Active
- Size
- 8,744 SF
Building Details
- Year Built
- 1994
Listing Agency
(508) 501-1443
Listed by
Jadaiya Stanley
(508) 501-1443
Source
Milestonerealtyinc
Added: May 15 Checked: Jul 17 at 2:53 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jadaiya Stanley
Investment Insights
Based on property information with market context.
Located in Greenfield's Rural Residential zone, the property at 151 Smead Hill presents an opportunity for a visionary entrepreneur. The 8,744-square-foot property, once a wedding venue, offers flexible spaces suitable for a boutique bed and breakfast, event venue, or seasonal retreat. The zoning permits open space cluster development, allowing for creative reconfiguration that concentrates development while preserving natural communal areas. This could potentially lead to modern co-housing or shared amenity communities, all within a rural setting.
Key Highlights
- Flexible, adaptable spaces suitable for a boutique bed and breakfast, event venue, or seasonal retreat.
- Zoning permits open space cluster development, allowing for creative reconfiguration.
- Potential for modern co‑housing or shared amenity communities.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.2k | $15.00 |
| − Vacancy | −$19.7k | −$2.25 |
| EGI | $111.5k | $12.75 |
| − OpEx | −$58.5k | −$6.69 |
| NOI | $53.0k | $6.06 |
8,744 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$756.5K
$662.0K – $882.6K
NOI $52,956 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.63M
$3.17M – $4.23M
NOI $253,812 @ 7.0% cap · market cap 36.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Mountain Rose Inn
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Historic property with potential for various commercial ventures.
Where is this wedding venue located?
The property is located at 151 Smead Hill Rd Greenfield Greenfield, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Flexible, adaptable spaces suitable for a boutique bed and breakfast, event venue, or seasonal retreat.; Zoning permits open space cluster development, allowing for creative reconfiguration.; Potential for modern co‑housing or shared amenity communities.
