General Commercial Storefront
For Sale
$305,000
334 High St, Greenfield, MA 01301
Storefront retail space with open-concept interior, 200-amp electric service, mini-splits, and basement storage with garage-door access.
Property Size1,100 SF
Price / SF$277.27
Days on Market163
Property Features for 334 High St
General Information
Standard status
Active
Size
1,100 SF
Zoning
GC
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,899
Building Details
Year Built
1940
Listing Agency:
Ruggeri Real Estate
Listed By:
Alayna Zellmann · License #9579076
(413) 824-0184
Source:
Insightrealtygroup
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 4 at 2:02AM
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 Ruggeri Real Estate
Investment Insights
Based on property information with market context.
This approximately 1,100 square foot commercial storefront is zoned General Commercial and set up as an inviting, open-concept retail space. The interior features rustic wood accents, high ceilings, and ample natural light. The exterior is described as clean and modern with durable metal siding.
The electrical service has been increased to 200 amp and the property is on town utilities. Heating and cooling include new mini-splits, and the basement is also equipped with heating and cooling, offering dry storage. The basement includes access to a garage door out back.
Positioned along a well-traveled stretch of High Street, the property is described as offering exposure and steady traffic flow, supporting businesses that prioritize visibility and customer accessibility.
The electrical service has been increased to 200 amp and the property is on town utilities. Heating and cooling include new mini-splits, and the basement is also equipped with heating and cooling, offering dry storage. The basement includes access to a garage door out back.
Positioned along a well-traveled stretch of High Street, the property is described as offering exposure and steady traffic flow, supporting businesses that prioritize visibility and customer accessibility.
Key Highlights
- Nearly 1,100 SF commercial space with open‑concept interior and high ceilings
- General Commercial zoning and a storefront location on High Street
- 200‑amp electrical service, on town utilities
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
$16,266
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
5.33%
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%
$325,320
$325.3K
Cap Rate 7%
$232,371
$232.4K
Cap Rate 9%
$180,733
$180.7K
Market Conditions
NOI Build-Up for 1,100 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
$23.8K $21.60/SF
− Vacancy
−$523 −$0.48/SF
EGI
$23.2K $21.12/SF
− OpEx
−$7.0K −$6.34/SF
NOI
$16.3K $14.79/SF
Area
Franklin County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$325,320
Cap Rate 7%
$232,371
Cap Rate 9%
$180,733
Alternative Uses
Best Use
Retail
$232.4K
$203.3K – $271.1K
NOI $16,266 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$456.1K
$399.1K – $532.2K
NOI $31,930 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
93k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 33%
Dining 19%
Stop & Shop
Groceries
30,905 visits/mo
0.5 miles
Dunkin' Donuts
Dining
15,162 visits/mo
0.5 miles
Dollar General
Shops & Services
12,085 visits/mo
0.4 miles
Sunoco
Shops & Services
10,074 visits/mo
0.4 miles
Stop & Shop Gas
Shops & Services
7,121 visits/mo
0.4 miles
Demographics for 01301, MA
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
713
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Country Garden Florals and Gifts — 70 French King Hwy, Greenfield, MA 01301
- Stop & Shop Florist — 89 French King Hwy, Greenfield, MA 01301
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront retail space with open-concept interior, 200-amp electric service, mini-splits, and basement storage with garage-door access.
Where is this storefront property located?
The property is located at 334 High St Greenfield, MA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Nearly 1,100 SF commercial space with open‑concept interior and high ceilings; General Commercial zoning and a storefront location on High Street; 200‑amp electrical service, on town utilities
