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    2024 Westover Rd Chicopee, MA 01022

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    For Sale
    $5,700,000

    22,557 SF fully leased property occupied by May Institute.

    Property size:
    22,557 SF
    Lot size:
    3.39 Acres

    Property Features for 2024 Westover Rd

    General Information

    Size
    22,557 SF
    Lot size
    3.39 Acres

    Source: Region Commercial Agent Ben Bolotin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Chicopee Investment Property

    The property at Westover Road is available for sale. This fully leased investment property is occupied by May Institute, a national education provider for children with autism. The building, with 22,557 square feet, was recently fully renovated in 2022. Situated on approximately 3.21 acres, the building features classrooms, a gym, a large parking area, and an outdoor playground. Located in the Westover industrial park area, the property features access and is less than 2 miles from the I-90 turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    May Center School ... Special Education School Triwire Engineering Solutions Engineer

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5609717
    Latitude
    42.1862946

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    FAQs

    What type of property is this?
    Office building - 22,557 SF fully leased property occupied by May Institute.
    Where is this office building located?
    The property is located at 2024 Westover Rd Chicopee, MA.
    What is the asking price?
    The asking price for this property is $5,700,000.
    What are key features of this property?
    This property features: - Fully leased investment property with a national education provider (May Institute) as tenant; - Recently fully renovated in 2022; - Located in the sought-after Westover industrial park area
    (413) 530-3215
    Request Owner's contact information
    2024 Westover Rd Chicopee, MA 01022
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    Chicopee, MA 01022
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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
    2024 Westover Rd Chicopee, MA 01022
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