Property profile

487-489 Bernardston Rd Greenfield, MA 01301

OFF-MARKET
Commercial real estate
Property ID
US38-1300183
53,952 SF 5.51 ac lot Built 1976
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Construction STEEL FRAME
Total area 53,952 SF
Lot 5.51 ac (239,981 SF)
Zoning code LC
APN GREE M:0121 B:0001 L:0
UPID US38-1300183

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

487-489 Bernardston Rd Greenfield, MA 01301
Greenfield metro Census 41100 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.93M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.15M
Blend (final) Blend
$2.29M

Owner & transaction history

since 2021
Last sale
$2.7M
3 recorded transactions
2021
$2.7M
2014
Price N/A
2014
Price N/A

Zoning & alternative use

LC · Greenfield, MA
Zoning description

The purpose of the Limited Commercial District is to provide areas for retail business serving the non pedestrian and for automotive sales and services.

General category COMMERCIAL
Top alternative use upside
Industrial (general) $4.4M +19.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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