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Property profile & analytics
OFF-MARKET Estimated value $540,000
Investment properties

198 Ml Vlg Rd Deerfield, MA 01342-9721

4,400 SF 18.38 ac lot Built 1976
Entity Owned 7-yr Hold Free & Clear
Property ID
US38-1147109
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1976
Construction FRAME
Total area 4,400 SF
Lot 18.38 ac (800,502 SF)
Zoning code RA
APN DEER M:94 L:16
UPID US38-1147109
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
$700k
Comparable Approach Comparable
$514k
Blend (final) Blend
$540k
Owner & transaction history
Gogriz LLC · 7 yrs held
Gogriz LLC
since 2019
7 recorded transactions
2025
Price N/A
2020
Price N/A
2019
$3.0M
2011
Price N/A
2010
Price N/A
2002
Price N/A
1993
$30,000
Zoning & alternative use
RA · Deerfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $500,000 +47.0%
Office building $480,000 +41.7%
Retail stores $460,000 +34.8%
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