198 Ml Vlg Rd Deerfield, MA 01342-9721
This exceptional 18.37-acre property in Deerfield, MA, presents a unique investment opportunity. The estate encompasses a diverse portfolio of buildings and land uses, offering significant potential for redevelopment or continued operation. The property includes a single-family home, a two-family home, and a newly constructed office building featuring ADA-compliant access and restrooms. The office building is a significant asset, providing modern, accessible space. Adding to the property's versatility are substantial greenhouses covering approximately 2.5 acres, ideal for various agricultural or horticultural ventures. A portion of the land is currently leased for agricultural purposes, generating potential rental income. Both residential properties require some rehabilitation, presenting an opportunity for value enhancement through renovation. The extensive acreage allows for multiple development scenarios, including a return to the previous parcel division. The property's diverse components and substantial land area make it suitable for a wide range of uses, from residential and commercial development to agricultural expansion. Prospective buyers are encouraged to conduct their own due diligence to explore the full range of possibilities and determine the optimal future use of this remarkable property. The asking price is $2,100,000. The address is 198 Mill Village, Deerfield, MA.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
RA · Deerfield, MADeerfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.