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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Manufacturing properties
289 Wls St Greenfield, MA 01301-1614
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1024125
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1951
Total area
12,078 SF
Lot
0.68 ac (29,795 SF)
Zoning code
GI
APN
GREE M:0088 B:0019 L:0
UPID
US38-1024125
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
$1.19M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$859k
Blend (final)
Blend
$1.18M
Owner & transaction history
Gigi Self Storage LLC · 3 yrs held
Gigi Self Storage LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
GI · Greenfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the General Industry District is to provide areas for light industry and manufacturing which do not intrude on residential areas.
Zone name
General Industry
General category
INDUSTRIAL
Zone area
331.41 ac
Source
Realmo
Top alternative use upside
Office building
$1.6M
+65.9%
Auto repair, garage
$1.4M
+38.4%
Retail stores
$1.3M
+26.9%
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
$1,160,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$990,000
Current use
OFFICE BUILDING
$1,645,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,370,000
Change: +38% · Conversion: Easy
RETAIL STORES
$1,255,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$825,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.20M (Oct 27 2022)
Last sale anchor
$1.20M
Oct 27 2022
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
$98 / 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
$10,709
Tax year 2024
Assessed value
$525,200
Assessed 2024
Previous assessed
$525,200
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$84,000
Assessed improvement
$441,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1951
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Bathrooms
3
Total area
12,078 SF
Lot
0.68 ac (29,795 SF)
Zoning code
GI
APN
GREE M:0088 B:0019 L:0
UPID
US38-1024125
Jurisdiction
GREENFIELD
Zoning & alternative use
GI · Greenfield, MAZoning GI · permitted uses
GI · Greenfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the General Industry District is to provide areas for light industry and manufacturing which do not intrude on residential areas.
Zone name
General Industry
General category
INDUSTRIAL
Zone area
331.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$990,000
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$825,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1951
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
0.68 ac
Current owner
From public records · entity-resolved
Gigi Self Storage LLC
Entity
Mailing address
PO BOX 1259, EASTHAMPTON, MA 01027-5259
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2022
$1,200,000
Gigi Self Storage LLC
Accss1 LLC
Quit Claim Arm's Length For Ne States
$960,000 · Greenfield Savings Bank
May 15, 2020
$562,500
Accss 1 LLC
Timber Commercial LLC
Quit Claim Arm's Length For Ne States
$1,250,000 · Greenfield Savings Bank
Aug 31, 2016
$375,000
Timber Commercial LLC
Dumont Co LLC
Quit Claim Deed
related
$288,000 · Merchants Bk & Tr
May 12, 1999
$400,000
Dumont Co LLC
Dumont Corp
Grant Deed
related
$2,750,000 · Zwi Kohorn
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.
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