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    451 Memorial Dr Chicopee, MA 01020

    For Lease
    $8,000 /Mo

    Retail space available with high traffic and signalized access.

    Lot size:
    1.00 Acre

    Property Features for 451 Memorial Dr

    General Information

    Lot size
    1.00 Acre

    Building Details

    Year built
    1950

    Source: Berkshire Hathaway Home Service New England Properties Agent Daniel Hannoush

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

    Overview

    Retail Space on Memorial Drive

    This retail space benefits from co-tenancy with Monro Muffler and high traffic volume of 30,300 ADT on Memorial Drive. The property features signalized access. The space offers 4,000 square feet. Estimated taxes are $22,000 per year, and estimated insurance is $3,000 per year.
    Insight Report Location Intelligence

    Current Use by Public Records

    Monro Auto Service ... Tire Shop Crean Insurance Inc Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5768218
    Latitude
    42.1700811

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    FAQs

    What type of property is this?
    Retail space - Retail space available with high traffic and signalized access.
    Where is this retail space located?
    The property is located at 451 Memorial Dr Chicopee, MA.
    What are key features of this property?
    This property features: - High traffic location with 30,300 ADT on Memorial Drive; - Co-tenancy with Monro Muffler; - Signalized access
    (413) 313-5067
    Request Owner's contact information
    451 Memorial Dr Chicopee, MA 01020
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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
    451 Memorial Dr Chicopee, MA 01020
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