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Property profile & analytics
OFF-MARKET
Estimated value
$7,320,000
Grocery and convenience stores
89 French King Hwy Greenfield, MA 01301-1333
Entity Owned
17-yr Hold
Free & Clear
Property ID
US38-0653382
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
STEEL FRAME
Total area
60,844 SF
Lot
15.31 ac (666,860 SF)
Zoning code
GC
APN
GREE M:0R04 B:0052 L:0
UPID
US38-0653382
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
-
Stop & Shop Florist (Bike/Boat/Book/etc) Store Florist
-
Stop & Shop Grocery & Convenience Store Food Market
-
Stop & Shop Pharmacy Pharmacy
-
higi Physician
-
Citizens Bank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.45M
Blend (final)
Blend
$7.32M
Owner & transaction history
Hmc-greenfield Assoc LLC · 17 yrs held
Hmc-greenfield Assoc LLC
since 2008
3 recorded transactions
Zoning & alternative use
GC · Greenfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the General Commercial District is to provide areas for mixed retail, commercial and industrial uses.
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
787.23 ac
Source
Realmo
Top alternative use upside
Office building
$8.3M
+30.7%
Auto repair, garage
$6.9M
+9.1%
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
RETAIL STORES
$6,335,000
Current use
OFFICE BUILDING
$8,280,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,910,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$7.32M
Range $6.59M – $8.05M · ±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
$120 / 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
$147,703
Tax year 2024
Assessed value
$7,243,900
Assessed 2024
Previous assessed
$6,617,500
+9.5% YoY
Effective rate
2.04%
On assessed value
Assessed land
$920,000
Assessed improvement
$6,323,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Bathrooms
4
Total area
60,844 SF
Lot
15.31 ac (666,860 SF)
Zoning code
GC
APN
GREE M:0R04 B:0052 L:0
UPID
US38-0653382
Jurisdiction
GREENFIELD
Zoning & alternative use
GC · Greenfield, MAZoning GC · permitted uses
GC · 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 General Commercial District is to provide areas for mixed retail, commercial and industrial uses.
Zone name
General Commercial
General category
INDUSTRIAL
Zone area
787.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.3M
OFFICE BUILDING
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Bathrooms
4
Lot
15.31 ac
Current owner
From public records · entity-resolved
Hmc-greenfield Assoc LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2008
$1
Hmc-greenfield Assoc LLC
Laurie F Heflin T
Grant Deed
—
Nov 17, 1995
—
Hmc Associates
—
Deed Of Trust
related
$6,000,000 · Phoenix Mut Lf Ins
Feb 16, 1989
$700,000
H M C Assoc
Bowl O Mat INC
Grant Deed
$6,250,000 · Northeast Svgs Fa
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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