Commercial Land
New
For Sale
$1,250,000
141 E Main St, Chicopee, MA 01020
Package offering includes the property at 17 Broadway St.
Property Size11,356 SF
Days on Market3
Property Features for 141 E Main St
General Information
Standard status
Active
Size
11,356 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,132
Building Details
Building Size
11,356 SF
Year Built
1940
Listing Agency:
(413) 427-9225
Listed By:
Jeffrey OConnor
(413) 427-9225
Source:
Elliman
Added: Aug 21
Changed: Aug 23
Last Checked: Aug 22 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeffrey OConnor
Investment Insights
Based on property information with market context.
This commercial land offering is located at 141 E Main St in Chicopee, Massachusetts. The package includes the property at 17 Broadway St, creating a multi-property offering within the same transaction. The record identifies the asset as commercial land and notes a 1940 year built.
The property is situated on E Main St in an area characterized by limited walkability and moderate transit availability. WalkScore is 17, BikeScore is 22, and TransitScore is 49. An additional property at 155 E Main St is referenced as a possible way to expand the overall footprint, though it is not described as part of the package.
The property is situated on E Main St in an area characterized by limited walkability and moderate transit availability. WalkScore is 17, BikeScore is 22, and TransitScore is 49. An additional property at 155 E Main St is referenced as a possible way to expand the overall footprint, though it is not described as part of the package.
Key Highlights
- Commercial land at 141 E Main St, Chicopee, MA 01020
- Package includes the property at 17 Broadway St
- Additional property at 155 E Main St is referenced for a larger footprint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,980
$1.2M
Cap Rate 7%
$866,414
$866.4K
Cap Rate 9%
$673,878
$673.9K
Market Conditions
NOI Build-Up for 11,356 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.7K $8.16/SF
− Vacancy
−$6.0K −$0.53/SF
EGI
$86.6K $7.63/SF
− OpEx
−$26.0K −$2.29/SF
NOI
$60.6K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,980
Cap Rate 7%
$866,414
Cap Rate 9%
$673,878
Alternative Uses
Best Use
Retail
$2.67M
$2.33M – $3.11M
NOI $186,584 @ 7.0% cap · market cap 14.93%
Second Best
Specialty Retail
$2.10M
$1.84M – $2.45M
NOI $146,867 @ 7.0% cap · market cap 11.75%
Theoretical Best
Office A
$7.00M
$6.12M – $8.17M
NOI $489,925 @ 7.0% cap · market cap 39.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Dunkin' Donuts
Dining
8,886 visits/mo
0.4 miles
Shell
Shops & Services
5,700 visits/mo
0.3 miles
Jackson Hewitt Tax Service
Shops & Services
344 visits/mo
0.1 miles
Demographics for 01020, MA
29,781
Population
14,154
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
2,382
Density / Sq Mi
$70,971
Median Household Income
$45,378
Median Earnings
$1,153
Median Rent
$259,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Package offering includes the property at 17 Broadway St.
Where is this commercial land located?
The property is located at 141 E Main St Chicopee, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Commercial land at 141 E Main St, Chicopee, MA 01020; Package includes the property at 17 Broadway St; Additional property at 155 E Main St is referenced for a larger footprint
