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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Manufacturing properties
38 Butternut St Greenfield, MA 01301-1379
Entity Owned
~
Est. High Equity
Property ID
US38-1409548
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
STEEL FRAME
Total area
12,500 SF
Lot
3.64 ac (158,484 SF)
Zoning code
PI
APN
GREE M:0R05 B:028G L:0
UPID
US38-1409548
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
-
Applied Dynamics Corporation Electrical Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
38 Butternut LLC
38 Butternut LLC
since 2025
4 recorded transactions
Zoning & alternative use
PI · Greenfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Planned Industry District is to promote the industrial development of the City by providing a zone for park-like development of industry which is protected from commercial and residential encroachment while minimizing potential adverse environmental impacts.
Zone name
Planned Industry
General category
INDUSTRIAL
Zone area
598.95 ac
Source
Realmo
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
INDUSTRIAL (GENERAL)
$1,025,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$62 / 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
$13,710
Tax year 2024
Assessed value
$672,400
Assessed 2024
Previous assessed
$623,000
+7.9% YoY
Effective rate
2.04%
On assessed value
Assessed land
$138,000
Assessed improvement
$534,400
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
1987
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Bathrooms
2
Total area
12,500 SF
Lot
3.64 ac (158,484 SF)
Zoning code
PI
APN
GREE M:0R05 B:028G L:0
UPID
US38-1409548
Jurisdiction
GREENFIELD
Zoning & alternative use
PI · Greenfield, MAZoning PI · permitted uses
PI · 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 Planned Industry District is to promote the industrial development of the City by providing a zone for park-like development of industry which is protected from commercial and residential encroachment while minimizing potential adverse environmental impacts.
Zone name
Planned Industry
General category
INDUSTRIAL
Zone area
598.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$855,000
INDUSTRIAL (GENERAL) Current
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
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Bathrooms
2
Lot
3.64 ac
Current owner
From public records · entity-resolved
38 Butternut LLC
Entity
Mailing address
38 BUTTERNUT ST, GREENFIELD, MA 01301-1379
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 10, 2025
$330,000
38 Butternut LLC
Assistant Presidentplied
Deed
$300,000 · Applied Dynamics Corp
Apr 4, 2014
—
David L Manning JR.
—
Deed Of Trust
related
$150,000 · Greenfield Capital Bank
Jul 22, 2013
—
David L Manning JR.
—
Deed Of Trust
related
$150,000 · Greenfield Capital Bank
Jul 27, 2012
—
David L Manning JR.
—
Deed Of Trust
related
$285,000 · 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.
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