Corner Retail Storefront with
For Sale
$279,900
193 Fairview Ave, Chicopee, MA 01013
Corner storefront includes indoor seating, an outdoor seating area, display cases, and coolers, plus an additional storage building.
Property Size1,298 SF
Price / SF$215.64
Days on Market137
Property Features for 193 Fairview Ave
General Information
Standard status
Active
Size
1,298 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1897
Listing Agency:
Coldwell Banker Realty - Western MA
Listed By:
Wheway Group
(413) 478-1166
Source:
Alpernandmesenbourg
Added: Apr 23
Changed: Sep 4
Last Checked: Sep 5 at 10:55AM
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 Coldwell Banker Realty - Western MA
Investment Insights
Based on property information with market context.
This retail storefront offers a flexible blank-slate layout that can be customized for a variety of concepts. The space includes indoor seating for dining and/or additional shelving for retail, with a take-out area that provides access to an outdoor seating setup. The property also features multiple coolers and display cases that are suited for merchandising and grab-and-go offerings.
Set on a corner lot with ample lined, flat parking, the property is described as highly visible and positioned near Springfield Plaza, Szot Park, local schools, Elms College, shopping, and public transportation. Easy access to major commuting routes is noted.
An additional bonus building is included for extra storage, stock, or other tailored use. The premises are noted as formerly a deli, convenience, and ice cream shop, and the property has had a “little face lift” to make it ready for a new operator.
Set on a corner lot with ample lined, flat parking, the property is described as highly visible and positioned near Springfield Plaza, Szot Park, local schools, Elms College, shopping, and public transportation. Easy access to major commuting routes is noted.
An additional bonus building is included for extra storage, stock, or other tailored use. The premises are noted as formerly a deli, convenience, and ice cream shop, and the property has had a “little face lift” to make it ready for a new operator.
Key Highlights
- Built in 1897 commercial property with corner storefront and blank‑slate customization potential
- Includes indoor seating for dining, plus an outdoor seating area
- Former deli, convenience, and ice cream shop setup with display cases and coolers
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
$21,327
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
7.62%
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%
$426,540
$426.5K
Cap Rate 7%
$304,671
$304.7K
Cap Rate 9%
$236,967
$237.0K
Market Conditions
NOI Build-Up for 1,298 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
$31.2K $24.00/SF
− Vacancy
−$685 −$0.53/SF
EGI
$30.5K $23.47/SF
− OpEx
−$9.1K −$7.04/SF
NOI
$21.3K $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 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%
$426,540
Cap Rate 7%
$304,671
Cap Rate 9%
$236,967
Alternative Uses
Best Use
Retail
$304.7K
$266.6K – $355.5K
NOI $21,327 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$800.0K
$700.0K – $933.3K
NOI $55,999 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner storefront includes indoor seating, an outdoor seating area, display cases, and coolers, plus an additional storage building.
Where is this storefront property located?
The property is located at 193 Fairview Ave Chicopee, MA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Built in 1897 commercial property with corner storefront and blank‑slate customization potential; Includes indoor seating for dining, plus an outdoor seating area; Former deli, convenience, and ice cream shop setup with display cases and coolers
