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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Office buildings
119 State St 125, Chicopee, MA 01013-2131
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0922244
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1893
Total area
14,523 SF
Lot
0.13 ac (5,650 SF)
Zoning code
B3
APN
SPRI S:11110 P:0641
UPID
US38-0922244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$810k
Owner & transaction history
Latino Counseling Ctr INC · 2 yrs held
Latino Counseling Ctr INC
since 2023
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
B3 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicopee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicopee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$760,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,330,000
Current use
COMMERCIAL (GENERAL)
$1,260,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $900k (Jul 14 2023)
Last sale anchor
$900k
Jul 14 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,458
Tax year 2023
Assessed value
$507,100
Assessed 2023
Previous assessed
$507,100
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$88,700
Assessed improvement
$418,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1893
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
6
Bathrooms
2
Total area
14,523 SF
Lot
0.13 ac (5,650 SF)
Zoning code
B3
APN
SPRI S:11110 P:0641
UPID
US38-0922244
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B3 · Chicopee, MA
Zoning B3 · permitted uses
B3 · Chicopee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chicopee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1893
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Latino Counseling Ctr INC
Entity
Mailing address
119 STATE ST #125, CHICOPEE, MA 01013
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
$900,000
Latino Counseling Ctr INC
Rossmere LLC
Quit Claim Arm's Length For Ne States
$640,000 · Td Bank NA
Nov 2, 2020
$350,000
Rossmere LLC
121 St Street LLC
Quit Claim Deed
—
Apr 15, 2011
$200,000
121 State Street LLC
Rossmere LLC
Grant Deed
$200,000 · United Bank
Jun 16, 2008
—
Rossmere LLC
—
Deed Of Trust
related
$78,000 · United Bank
Nov 26, 1996
$165,000
Rossmere LLC
Fleet Ntl Bk
Grant Deed
$160,000 · Bank Of Western Massachusetts
Feb 17, 1987
—
John H Eisenbesier
—
Deed Of Trust
related
$225,000 · Park West Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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