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 Market223
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
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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 / Yr
$118,779
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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.
