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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
116 Federal St Greenfield, MA 01301-2525
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US38-0153294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
3,718 SF
Lot
0.13 ac (5,785 SF)
Zoning code
LC
APN
GREE M:0068 B:0026 L:0
UPID
US38-0153294
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fitzgerald Real Estate Real Estate Agency
-
Corinne Fitzgerald, Fitzgerald Real Estate Real Estate Agency
-
Creek Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Tranquility Hair Salon Hair Salon
-
Levine, Susan Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$550k
Owner & transaction history
Theodore Leonard Hous LLC · 15 yrs held
Theodore Leonard Hous LLC
since 2010
7 recorded transactions
Zoning & alternative use
LC · Greenfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greenfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Current use
AUTO REPAIR, GARAGE
$420,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,386
Tax year 2024
Assessed value
$460,300
Assessed 2024
Previous assessed
$423,500
+8.7% YoY
Effective rate
2.04%
On assessed value
Assessed land
$55,600
Assessed improvement
$404,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Rooms
12
Bathrooms
2
Total area
3,718 SF
Lot
0.13 ac (5,785 SF)
Zoning code
LC
APN
GREE M:0068 B:0026 L:0
UPID
US38-0153294
Jurisdiction
GREENFIELD
Zoning & alternative use
LC · Greenfield, MA
Zoning LC · permitted uses
LC · Greenfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$420,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Rooms
12
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Theodore Leonard Hous LLC
Entity
Mailing address
116 FEDERAL ST, GREENFIELD, MA 01301-2525
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Theodore Leonard House
—
Deed
related
$140,000 · Greenfield Savings Bank
Aug 1, 2016
—
Theodore Leonard House
—
Deed
related
$25,000 · Greenfield Savings Bank
Oct 16, 2012
—
Leonard House LLC
—
Deed Of Trust
related
$260,000 · Florence Savings Bank
Dec 6, 2010
—
Theodore Leonard Hous LLC
—
Deed Of Trust
related
$72,000 · Greenfield Capital Bank
Oct 18, 2010
$1
Theodore Leonard Hous LLC
Providence Moldovian Bapt
Grant Deed
—
Jul 29, 2010
$154,500
Theodore Leonard Hous LLC
Providence Moldovian Chrc
Grant Deed
$156,000 · Greenfield Capital Bank
Nov 5, 2008
$400,000
Providence Moldovia Chrch
First Bapt Chrch Of Grfl
Grant Deed
$275,000 · Greenfield Capital Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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