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    Property profile & analytics

    487-489 Bernardston Rd Greenfield, MA 01301

    • Commercial real estate
    • 53,952 SF
    • 5.51 lot acres
    OFF-MARKET
    Value Estimation
    $2,565,000
    Last Sale
    Oct 29, 2021
    $2,725,000
    Location Intelligence
    Property ID
    US38-1300183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 487-489 Bernardston Rd

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    5.51 lot acres
    Property size
    53,952 SF
    Zone code
    LC
    Property type
    Commercial real estate
    APN
    GREE M:0121 B:0001 L:0
    APU
    GREEM0121B0001L0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,560,000
      6.5%
      $2,920,000
      7%
      $2,875,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,015,000
      Geo Method
      $2,965,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,730,000
      Retail
      $2,405,000
      Mixed-Use
      $2,415,000
      Hospitality
      $3,030,000
      Educational
      $2,770,000
      Residential Income
      $2,735,000
      Energy
      $2,585,000
      Income-Based Land
      $2,245,000
      Food Service
      $2,685,000

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.5858
    Latitude
    42.6088
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $102,335
    $1,173,800
    $3,845,100
    $5,018,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,068 SF

      448 Bernardston Rd

      SHOW ROOM, WAREHOUSE • 3,068 SF
      448 Bernardston Rd, Greenfield, MA 01301-1231
      View Details
    • Value Estimation by Request
      12,808 SF

      130 Colrain St

      COMMERCIAL (GENERAL) • 12,808 SF
      130 Colrain St, Greenfield, MA 01301-2126
      View Details
    • Value Estimation
      $600,000
      4,000 SF

      37 Silvio O Conte Dr

      SHOW ROOM, WAREHOUSE • 4,000 SF
      37 Silvio O Conte Dr, Greenfield, MA 01301-1382
      View Details
    • Value Estimation
      $305,000
      2,331 SF

      238 Main St Ste, Unit 3

      COMMERCIAL CONDOMINUIM • 2,331 SF
      238 Main St Ste, Greenfield, MA 01301-3243
      View Details
    • Value Estimation
      $485,000
      34,352 SF

      330 Chapman St

      COMMERCIAL (GENERAL) • 34,352 SF
      330 Chapman St, Greenfield, MA 01301-1735
      View Details
    • Value Estimation by Request
      17,358 SF

      191 Cleveland St

      COMMERCIAL (GENERAL) • 17,358 SF
      191 Cleveland St, Greenfield, MA 01301
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Greenfield, MA

      Retail space available for lease in Greenfield, Massachusetts.
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    • $30 SF/Yr
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      Freestanding building on Mohawk Trail near I-91 interchange.
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      View Details
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    487-489 Bernardston Rd
    Greenfield, MA 01301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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