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    Property profile & analytics

    1 Airpark Way Chicopee, MA 01022-5603

    • Office buildings
    • 3,904 SF
    • 2.18 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US38-0873051
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1 Airpark Way

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.18 lot acres
    Property size
    3,904 SF
    Zone code
    110
    Property type
    Office buildings
    APN
    CHIC M:00W1 P:00024
    APU
    CHICM00W1P00024

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $255,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $260,000
      Mixed-Use
      $290,000
      Hospitality
      $265,000
      Educational
      $230,000
      Residential Income
      $220,000
      Energy
      $250,000
      Income-Based Land
      $270,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5574
    Latitude
    42.1866
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,337
    $195,600
    $192,600
    $388,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      Griffith Rd

      INDUSTRIAL - VACANT LAND • 0.29 Acres
      Griffith Rd, Chicopee, MA 01022-1018
      View Details
    • Value Estimation by Request
      320,639 SF

      171 Padgette St

      MANUFACTURING (LIGHT) • 320,639 SF
      171 Padgette St, Chicopee, MA 01022-1315
      View Details
    • Value Estimation
      $8,830,000
      152,380 SF

      301 Griffith Rd

      MANUFACTURING (LIGHT) • 152,380 SF
      301 Griffith Rd, Chicopee, MA 01022-2129
      View Details
    • Value Estimation by Request
      9,516 SF

      27 Lonczak St

      CHARITABLE ORGANIZATION • 9,516 SF
      27 Lonczak St, Chicopee, MA 01022
      View Details
    • Value Estimation
      $330,000
      12,800 SF

      70 Justin Dr

      WAREHOUSE, STORAGE • 12,800 SF
      70 Justin Dr, Chicopee, MA 01022-1327
      View Details
    • Value Estimation
      $410,000
      11,700 SF

      964 Sheridan St

      MANUFACTURING (LIGHT) • 11,700 SF
      964 Sheridan St, Chicopee, MA 01022-1031
      View Details

    Similar Nearby for Sale

    • $5,700,000
      22,557 SF

      Fully Leased Chicopee Investment Property

      22,557 SF fully leased property occupied by May Institute.
      2024 Westover Rd, Chicopee, MA 01022
      View Details
    • $1,100,000
      2,604 SF

      Chicopee Retail Space - $1.1M

      Prime retail space, high traffic location.
      1361 Memorial Dr, Chicopee, MA 01022
      View Details
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    1 Airpark Way
    Chicopee, MA 01022-5603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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