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

    37 Butternut St Greenfield, MA 01301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    209 Acres, Multiple Use Potential, MA

    Property Features for 37 Butternut St

    General Information

    Property type
    Land
    Lot Size
    9,104,040 SF

    We can help!

    Listing Contact
    Michael Hotarek
    Michael Hotarek

    Listing Agency: Eastern Retail Properties Listing Agent: Michael Hotarek

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 209-acre Greenfield, Massachusetts property presents a significant development opportunity. Strategically located at 37 Butternut St, 01301, this expansive site offers a unique blend of zoning and existing infrastructure. Approximately 82 acres are zoned for industrial use, providing ample space for a variety of projects. Currently featuring an operational aggregate processing facility, the land offers immediate income potential and established infrastructure. The property also benefits from a cell tower generating ongoing revenue. The remaining acreage is zoned Planned Industrial and Rural Residential, allowing for diverse development options. Its convenient access to Route 2 and Interstate 91 ensures excellent connectivity and logistical advantages. The development-friendly community of Greenfield provides a supportive environment for new ventures. This is a rare opportunity to acquire a large-scale industrial site with multiple income streams and significant future development potential in a prime location within Franklin County. The property's size, zoning flexibility, and existing infrastructure make it an ideal investment for developers seeking a high-return project. The existing cell tower provides a passive income stream, further enhancing the investment's appeal. This is a truly unique opportunity to capitalize on the growing industrial sector in Massachusetts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.5596557
    Latitude
    42.6223925

    Nearby Similar for Sale

    • New
      $395,000
      2,142 SF

      Greenfield Multifamily Property with Updates

      Two-unit property near downtown Greenfield with recent upgrades.
      63 James St, Greenfield, MA 01301
      View Details
    • $175,000

      Versatile Building in Greenfield Heart

      Highly visible, well-maintained building suitable for artists and professionals.
      9 Mill St, Greenfield, MA 01301
      View Details
    • $299,000

      Downtown Greenfield Bar/Cocktail Lounge

      Fully equipped bar/lounge in downtown Greenfield, ready for operation.
      4 Ames St, Greenfield, MA 01301
      View Details
    • $949,000

      Historic Property in Greenfields

      Unique property with potential for various ventures in Greenfield.
      151 Smead Hill Rd, Greenfield, MA 01301
      View Details
    • $395,000

      Updated Duplex with Natural Light

      Well-maintained duplex featuring updated amenities and separate utilities.
      23-25 Alden St, Greenfield, MA 01301
      View Details
    • $347,500

      Renovated Two-Family Residence

      Recently renovated two-family home with garage and parking.
      35-37 Shattuck St, Greenfield, MA 01301
      View Details
    • Contact for pricing
      3,312 SF

      Retail Property in Greenfield, MA

      Retail property available for sale in Greenfield, Massachusetts.
      377 Federal St, Greenfield, MA 01301
      View Details
    • Contact for pricing
      1,207 SF

      Downtown Greenfield Bar/Cocktail Lounge

      Fully equipped bar/lounge in the heart of downtown Greenfield.
      4 Ames St, Greenfield, MA 01301
      View Details
    • $305,000

      Two-Family Home Near Downtown

      Two-unit property near downtown Greenfield with separate utilities.
      306 Davis St, Greenfield, MA 01301
      View Details
    • $325,000

      Investment Property in Greenfield

      Investment property with two units, parking, and garden beds.
      335 Federal St, Greenfield, MA 01301
      View Details
    • $299,000

      Greenfield Duplex with Enclosed Porches

      Side-by-side duplex near town with updated systems.
      8-10 Western Ave, Greenfield, MA 01301
      View Details
    • Contact for pricing

      Two-Family Renovation Project

      Two-family property gutted to studs, ready for renovation.
      86-88 Conway St, Greenfield, MA 01301
      View Details

    FAQs

    What type of property is this?
    Land - 209 Acres, Multiple Use Potential, MA
    Where is this land located?
    The property is located at 37 Butternut St Greenfield, MA.
    What are key features of this property?
    This property features: 209-acre site.; 82 acres of industrially zoned land.; Operational aggregate processing plant.
    (781) 849-9010 Call to check price and availability
    Request Owner's contact information
    37 Butternut St Greenfield, MA 01301
    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.
    37 Butternut St
    Greenfield, MA 01301
    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
    37 Butternut St Greenfield, MA 01301
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Hotarek
    Michael Hotarek
    Real Estate License ID: 063521
    (781) 849-9010 (781) 849-9017
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!