Freestanding Bank
New
For Sale
$490,000
153 Meadow Street, Chicopee, MA 01013
The building occupies a corner parcel at a signalized intersection in Chicopee.
Property Size1,637 SF
Lot Size0.39 Acres
Price / SF$299.33
Days on Market2
Property Features for 153 Meadow Street
General Information
Standard status
Active
Size
1,637 SF
Lot size
0.39 Acres
Property subtype
Retail
Additional Details
Corner Location
Yes
Listing Agency:
CBRE - Boston
Listed By:
Josh Kulak · License #9054391
(617) 912-6835
Source:
Cbre
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:26AM
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 CBRE - Boston
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Investment Insights
Based on property information with market context.
This freestanding property is a former bank branch on a 0.39-acre parcel. It sits at the corner of a signalized intersection at 153 Meadow Street in Chicopee, Massachusetts.
Key Highlights
- Former bank branch in a freestanding building
- 0.39‑acre parcel
- Corner location at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,897
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,940
$537.9K
Cap Rate 7%
$384,243
$384.2K
Cap Rate 9%
$298,856
$298.9K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$39.3K $24.00/SF
− Vacancy
−$864 −$0.53/SF
EGI
$38.4K $23.47/SF
− OpEx
−$11.5K −$7.04/SF
NOI
$26.9K $16.43/SF
Area
Hampden County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,940
Cap Rate 7%
$384,243
Cap Rate 9%
$298,856
Alternative Uses
Best Use
Retail
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 5.49%
Second Best
Specialty Retail
$302.4K
$264.6K – $352.9K
NOI $21,171 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.01M
$882.8K – $1.18M
NOI $70,624 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
7,390 visits/mo
0.2 miles
TD Bank
Shops & Services
6,155 visits/mo
0.1 miles
Demographics for 01013, MA
23,656
Population
10,309
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
4,150
Density / Sq Mi
$64,039
Median Household Income
$45,268
Median Earnings
$1,005
Median Rent
$249,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - The building occupies a corner parcel at a signalized intersection in Chicopee.
Where is this bank located?
The property is located at 153 Meadow Street Chicopee, MA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Former bank branch in a freestanding building; 0.39‑acre parcel; Corner location at a signalized intersection
