Financial
Distress signals
Property profile

1361 Memorial Dr Chicopee, MA 01020

FOR SALE
Showrooms
Property ID
US38-0637470
2,604 SF 0.46 ac lot Built 2001
Last sale Aug 2022 · $1,100,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is located on Memorial Drive in Chicopee and consists of approximately 2,604 square feet situated on a 1-acre lot. It has street-facing frontage and is configured with ample parking, supporting commercial retail or service uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$28k
Tax billed · 2024
Assessed value$880k
Assessed land$251k
Assessed improvement$630k
Effective rate3.18%

Value estimate

· Sep 2026
$1.17M
$1.05M – $1.29M
AI approach$1.12M
NOI build-up
Gross scheduled income$141k
Vacancy & credit loss−$31k
Operating expenses−$28k
NOI · 13.79% cap applied$83k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$85/SF
Submarket average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$52 – $119
Qualifying comparables7

Cap rate analysis

How does the asset earn?
13.79%
$83k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
111A
JurisdictionCHICOPEE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.7
Realty agency15.4
Accounting Firm10.2

Location

1361 Memorial Dr Chicopee, MA 01020
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
685 James, Chicopee, MA 01020-3913 $550,000 Jan 2025 3,565 SF
1512 Memorial, Chicopee, MA 01020-3985 $450,000 May 2024 2,129 SF
1345 Burnett, Chicopee, MA 01020-4631 $415,000 May 2023 2,275 SF
66 Main, Chicopee, MA 01020-1838 $270,000 Apr 2022 1,941 SF
873 Grattan, Chicopee, MA 01020-1217 $185,000 Feb 2022 3,360 SF
749 Memorial, Chicopee, MA 01020-5022 $1,525,000 Dec 2021 3,480 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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