Versatile Retail and Industrial
For Sale
$1,652,000
253 Greenfield Rd, Deerfield, MA 01373
15,816 SF commercial property on 3.7 acres for sale.
Property Size15,816 SF
Lot Size3.70 Acres
Price / SF$104.45
Days on Market178
Property Features for 253 Greenfield Rd
General Information
Standard status
Active
Size
15,816 SF
Lot size
3.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,204
Building Details
Year Built
1965
Listing Agency:
SR Commercial Realty
Listed By:
Jeremy Casey · License #9585695
(413) 459-4535
Source:
Elliman
Added: Mar 10
Changed: Sep 3
Last Checked: Aug 13 at 11:20AM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
Located at 253 Greenfield Rd, South Deerfield, MA 01373, this commercial property offers a blend of retail and industrial functionality. Constructed in 1965, the property features 15,816 square feet of space on a 3.7-acre lot. The building currently houses a single retail unit, suitable for various business types. The interior includes 4 private offices, 4 half bathrooms, and a fully equipped kitchen. Accessibility is enhanced by 4 overhead doors. There are 75 parking spaces available for customers and staff.
Key Highlights
- Substantial 15,816 SF of versatile space suitable for retail and industrial use.
- Large 3.7‑acre lot offering ample space and potential.
- 75 parking spaces providing excellent accessibility for customers and staff.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,779
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,375,580
$2.4M
Cap Rate 7%
$1,696,843
$1.7M
Cap Rate 9%
$1,319,767
$1.3M
Market Conditions
NOI Build-Up for 15,816 SF
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.
Gross rent
$149.9K $9.48/SF
− Vacancy
−$10.2K −$0.64/SF
EGI
$139.7K $8.84/SF
− OpEx
−$21.0K −$1.33/SF
NOI
$118.8K $7.51/SF
Area
Franklin County, MA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,375,580
Cap Rate 7%
$1,696,843
Cap Rate 9%
$1,319,767
Alternative Uses
Best Use
Retail
$3.34M
$2.92M – $3.90M
NOI $233,877 @ 7.0% cap · market cap 14.16%
Second Best
Office B
$3.15M
$2.76M – $3.68M
NOI $220,633 @ 7.0% cap · market cap 13.36%
Theoretical Best
Healthcare Medical
$6.56M
$5.74M – $7.65M
NOI $459,090 @ 7.0% cap · market cap 27.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 01373, MA
4,526
Population
2,344
Households
1.9
Avg Household Size
49
Median Age
42%
College-Educated
96%
High-School Grad
23.1 sq mi
ZIP Area
196
Density / Sq Mi
$102,578
Median Household Income
$61,563
Median Earnings
$1,351
Median Rent
$387,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 15,816 SF commercial property on 3.7 acres for sale.
Where is this mixed-use property located?
The property is located at 253 Greenfield Rd Deerfield, MA.
What is the asking price?
The asking price for this property is $1,652,000.
What are key features of this property?
This property features: Substantial 15,816 SF of versatile space suitable for retail and industrial use.; Large 3.7‑acre lot offering ample space and potential.; 75 parking spaces providing excellent accessibility for customers and staff.
