Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    253 Greenfield Rd Deerfield, MA 1373

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    15,816 SF commercial property with retail and industrial functionality.

    Type:Industrial, Mixed Use
    Property size:
    15,973 SF
    Lot size:
    3.70 Acres
    Added:
    Dec 21, 2023
    Days on Market:
    852
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 253 Greenfield Rd

    General Information

    Standard status
    Active
    Size
    15,973 SF
    Lot size
    3.70 Acres
    Property subtype
    Industrial, Mixed Use

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Jeremy Casey

    Listing agent Jeremy Casey License #9585695

    Listing office SR Commercial Realty

    Listing date Dec 21, 2023

    Source Crexi

    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

    Overview

    Versatile Retail and Industrial Property

    Located at 253 Greenfield Rd in South Deerfield, MA, this commercial property offers a blend of retail and industrial functionality. Constructed in 1965, the well-maintained building provides 15,816 square feet of versatile space on a 3.7-acre lot. The property currently features a single retail unit, offering potential for various business ventures. The interior includes 4 private offices, 4 half bathrooms, and a fully equipped kitchen. Accessibility is enhanced by 4 overhead doors, catering to industrial operations. There are 75 parking spaces available for customers and staff. An environmental report, completed on February 13, 2024, confirms the property's compliance with environmental standards. Zoned Commercial Industrial and Institutional (CII), the property is suitable for businesses seeking a versatile space that aligns with zoning requirements. This property is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Big Box & Wholesale Store Spa & Massage Center Building Supply Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Electrical Service Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.6060077
    Latitude
    42.5118891

    Nearby Similar for Sale

    • $445,000
      4,452 SF

      Industrial Condo Near Major Routes

      Industrial condo with flexible space, convenient location, and ample parking.
      54B Whately Rd., South Deerfield, MA
      View Details
    • $9,000,000
      20,000 SF

      Deerfield Office Building For Lease

      75,580 SF office building in Deerfield, MA for lease.
      16 Yankee Candle Wy, South Deerfield, MA
      View Details
    • $3,000,000
      19,656 SF

      Industrial Property in Deerfield, MA

      19,656 SF industrial property available for sale.
      281 US-5, Deerfield, MA
      View Details
    • $7,500,000
      137,825 SF

      South Deerfield Industrial Property

      Industrial property available for sale in South Deerfield, Massachusetts.
      14 Industrial Dr W, South Deerfield, MA
      View Details
    • $1,652,000
      15,816 SF

      Industrial Warehouse Space Available

      Industrial warehouse space available for rent in Deerfield, MA.
      253 Greenfield Rd, Deerfield, MA
      View Details
    • $1,750,000
      32,088 SF

      Industrial Building in South Deerfield

      32,088 SF industrial building with versatile access.
      378 Long Plain Rd, South Deerfield, MA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 15,816 SF commercial property with retail and industrial functionality.
    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: 15,816 SF of versatile space on a 3.7‑acre lot, suitable for retail or industrial use.; Located in the Commercial Industrial and Institutional (CII) zone, offering a strategic advantage for businesses.; Features 4 overhead doors, enhancing accessibility for industrial operations.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeremy Casey
    Real Estate License ID: 9585695
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!