5 Pierce St Greenfield, MA 01301-1928
Property profile & analytics
5 Pierce St Greenfield, MA 01301-1928
- Retail space
- 14,012 SF
- 1.28 lot acres
Property ID
US38-0745895
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Cardtronics / Atm
- FedEx OnSite / Postal Service / Courier Service
Property Details for 5 Pierce St
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 1.28 lot acres
- Property size
- 14,012 SF
- Zone code
- LC
- Property type
- Retail space
- APN
- GREE M:0081 B:0035 L:0
- APU
- GREEM0081B0035L0
Description
This exceptional investment opportunity presents a fee-simple interest in a 13,278-square-foot Walgreens pharmacy located at 5 Pierce Street, Greenfield, Massachusetts, 01301. The property boasts a strong 7.80% cap rate and a substantial net operating income (NOI) of $376,800, with an asking price of $4,830,000 ($363.76/sq ft). The Walgreens lease has approximately six years remaining on the base term, plus options, offering significant long-term stability and passive income potential. Situated on a 1.23-acre lot at a signalized intersection, this highly visible building features a convenient drive-thru pharmacy. The property benefits from its location within a thriving retail corridor, surrounded by numerous national brands including McDonald's, CVS, Wendy's, AutoZone, Cumberland Farms, and Dunkin' Donuts. Greenfield, the county seat and commercial center of Franklin County, MA, ensures a strong and consistent customer base for this essential retail establishment. This is a truly passive investment opportunity with no landlord responsibilities, making it an ideal addition to any portfolio seeking strong returns and minimal management overhead. The property's strategic location and established tenant provide a compelling investment proposition with significant upside potential. This is a rare opportunity to acquire a high-performing Walgreens in a desirable market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,455,000
- 6.5%
- $3,190,000
- 7%
- $2,960,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Greenfield
- County
- Franklin
- State
- Massachusetts
- Longitude
- -72.597
- Latitude
- 42.5979
- 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
$47,376
$341,600
$1,981,900
$2,323,500
-
$0.00
$0.00
$0.00
