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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    60 Newton St Greenfield, MA 01301-3114

    • Office buildings
    • 988 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    5.7%
    Office buildings
    Location Intelligence
    Property ID
    US38-0211051
    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

    • Office buildings

    Property Details for 60 Newton St

    Year built
    1972
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    988 SF
    Zone code
    GC
    Property type
    Office buildings
    APN
    GREE M:0035 B:0001 L:0
    APU
    GREEM0035B0001L0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $245,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $193,000
      Market price range: $69.5k - $193k
      AI Estimate
      $177,000
      Market price range: $40.4k - $177k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Franklin
    State
    Massachusetts
    Longitude
    -72.6164
    Latitude
    42.5838
    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
    $5,189
    $140,600
    $113,900
    $254,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      7,388 SF

      90 Federal St

      OFFICE BUILDING • 7,388 SF
      90 Federal St, Greenfield, MA 01301-2524
      View Details
    • Value Estimation
      $240,000
      1,200 SF

      82 Federal St

      OFFICE BUILDING • 1,200 SF
      82 Federal St, Greenfield, MA 01301-2523
      View Details
    • Value Estimation
      $255,000
      6,467 SF

      332 Main St

      OFFICE BUILDING • 6,467 SF
      332 Main St, Greenfield, MA 01301-3317
      View Details
    • Value Estimation
      $675,000
      19,032 SF

      270 Main St

      OFFICE BUILDING • 19,032 SF
      270 Main St, Greenfield, MA 01301-3268
      View Details
    • Value Estimation
      $495,000
      16,652 SF

      400 Chapman St

      OFFICE BUILDING • 16,652 SF
      400 Chapman St, Greenfield, MA 01301-1736
      View Details
    • Value Estimation
      $245,000
      3,718 SF

      116 Federal St

      OFFICE BUILDING • 3,718 SF
      116 Federal St, Greenfield, MA 01301-2525
      View Details

    Similar Nearby for Sale

    • $295,000
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      Greenfield Commercial Land - $295K

      3.51 Acres, General Commercial Zoning
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      View Details
    • Contact for pricing

      209 Acre Site For Sale

      209 acre site with industrial zoning and aggregate operation.
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    • $50,000
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      Industrial Land Parcel For Sale

      1.57 acre wooded land parcel in I-91 Industrial Park.
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      View Details
    • $210,000
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      Greenfield Multi-Family Investment Opportunity

      Two-unit property with detached garage, ideal for investment or owner-occupancy.
      311 Chapman St, Greenfield, MA 01301
      View Details
    • $347,500

      Renovated Two-Family Residence

      Recently renovated two-family home with garage and parking.
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    • $199,900

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      Two-unit residential property with investment or owner-occupancy potential.
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    Similar Nearby for Lease

    • Contact for pricing
      38,780 SF

      Greenfield Corporate Center Office Space

      7,485 SF Office Space Available in Greenfield, MA
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      View Details
    • Contact for pricing
      138,521 SF

      Greenfield Corporate Center Office Space

      Prime Greenfield Office Suites, MA
      101 Munson St, Greenfield, MA 01301
      View Details
    • $30 SF/Yr
      2,023 SF

      Retail/Office Building Near I-91

      Freestanding building on Mohawk Trail near I-91 interchange.
      240 Mohawk Trl, Greenfield, MA 01301
      View Details
    • $14 SF/Yr

      Downtown Greenfield Office Spaces Available

      Multiple office spaces for rent in historic downtown Greenfield.
      278 Main St, Greenfield, MA 01301
      View Details
    • Contact for pricing
      4,920 SF

      Retail Space in Greenfield, MA

      Retail space available for lease in Greenfield, Massachusetts.
      489 Bernardston Rd, Greenfield, MA 01301
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      4.816 acre commercial land available for lease.
      18 Wheeler Rd, Greenfield, MA 01301
      View Details
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    60 Newton St
    Greenfield, MA 01301-3114
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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