Vacant Mixed-Use
For Sale
$325,000
Pending
30 Dickinson Street, Chicopee, MA 01020
Includes two residential units, a detached commercial building, and a paved parking area.
Property Size1,692 SF
Days on Market71
Property Features for 30 Dickinson Street
General Information
Standard status
Pending
Size
1,692 SF
Property subtype
3 Family
Property Condition
Severity
Repairs Needed
Evidence
with some TLC
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
2
Listing Agency:
NRG Real Estate Services, Inc.
(413) 374-9979
Listed By:
Nick Gelfand
(413) 374-9979
Source:
Lockandkeyre
Added: Jun 23
Changed: Aug 30
Last Checked: Aug 31 at 3:34PM
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 NRG Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Located on Dickinson Street in Chicopee’s Aldenville area, this mixed-use property combines two residential apartments with a detached commercial building. The entire property is delivered vacant, allowing the next owner to determine its residential and commercial occupancy strategy.
The first-floor apartment has been updated with a granite-counter kitchen, stainless appliances, a new bathroom, fresh paint, and LVP flooring. The second-floor unit has also been freshly painted. The separate commercial building measures approximately 1,000 sq. ft. and includes one open room, two bathrooms, separate utilities, and work that remains to be completed. A large paved parking area serves the property, which was built in 1900.
The first-floor apartment has been updated with a granite-counter kitchen, stainless appliances, a new bathroom, fresh paint, and LVP flooring. The second-floor unit has also been freshly painted. The separate commercial building measures approximately 1,000 sq. ft. and includes one open room, two bathrooms, separate utilities, and work that remains to be completed. A large paved parking area serves the property, which was built in 1900.
Key Highlights
- Two residential units plus a detached commercial building
- Delivered fully vacant
- First‑floor apartment remodeled with granite counters, stainless appliances, new bath, fresh paint, and LVP flooring
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
$20,538
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
6.32%
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%
$410,760
$410.8K
Cap Rate 7%
$293,400
$293.4K
Cap Rate 9%
$228,200
$228.2K
Market Conditions
NOI Build-Up for 1,692 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
$39.4K $23.28/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$37.3K $22.07/SF
− OpEx
−$16.8K −$9.93/SF
NOI
$20.5K $12.14/SF
Area
Hampden County, MA
Vacancy
5.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$410,760
Cap Rate 7%
$293,400
Cap Rate 9%
$228,200
Alternative Uses
Best Use
Office B
$767.0K
$671.1K – $894.8K
NOI $53,688 @ 7.0% cap · market cap 16.52%
Second Best
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.04M
$912.5K – $1.22M
NOI $72,997 @ 7.0% cap · market cap 22.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes two residential units, a detached commercial building, and a paved parking area.
Where is this mixed-use property located?
The property is located at 30 Dickinson Street Chicopee, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two residential units plus a detached commercial building; Delivered fully vacant; First‑floor apartment remodeled with granite counters, stainless appliances, new bath, fresh paint, and LVP flooring
