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    Property profile & analytics

    1517 Memorial Dr Chicopee, MA 01020-3900

    • Investment properties
    • 4,548 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $510,000
    Last Sale
    Aug 08, 2023
    $575,000
    Location Intelligence
    Property ID
    US38-0877849
    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

    • Investment properties

    Property Details for 1517 Memorial Dr

    Year built
    1959
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    4,548 SF
    Zone code
    111
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CHIC M:0653 P:00016
    APU
    CHICM0653P00016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $585,000
      6.5%
      $590,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $520,000
      Retail
      $535,000
      Mixed-Use
      $640,000
      Hospitality
      $645,000
      Educational
      $520,000
      Residential Income
      $565,000
      Energy
      $520,000
      Income-Based Land
      $525,000
      Food Service
      $655,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5728
    Latitude
    42.1988
    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
    $0.00
    $147,000
    $367,300
    $514,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      4,146 SF

      229 Grattan St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,146 SF
      229 Grattan St, Chicopee, MA 01020-1311
      View Details
    • Value Estimation by Request
      7,460 SF

      771 Burnett Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,460 SF
      771 Burnett Rd, Chicopee, MA 01020-4605
      View Details
    • Value Estimation
      $325,000
      1,612 SF

      242 Grattan St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,612 SF
      242 Grattan St, Chicopee, MA 01020-1337
      View Details
    • Value Estimation
      $235,000
      0.17 Acres

      8 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.17 Acres
      8 Maple St, Chicopee, MA 01020-2627
      View Details
    • Value Estimation
      $280,000
      2.51 Acres

      45 New Lombard Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2.51 Acres
      45 New Lombard Rd, Chicopee, MA 01020
      View Details
    • Value Estimation
      $220,000
      0.23 Acres

      30 Dickinson St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      30 Dickinson St, Chicopee, MA 01020-1029
      View Details

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      Profitable Restaurant Site with Equipment

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail opportunity in a busy, anchored shopping center.
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      Former Restaurant Space Available

      Restaurant space for lease with high traffic visibility.
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      New construction industrial flex-space available for lease in Spring 2026.
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      Land For Rent Chicopee

      Land available for rent in Chicopee, Massachusetts.
      1430 Memorial Dr, Chicopee, MA 01020
      View Details
    • $1,200 /Mo

      Garage Space in Chicopee

      Versatile garage space with storage and office potential.
      1692 Memorial Dr, Chicopee, MA 01020
      View Details
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    1517 Memorial Dr
    Chicopee, MA 01020-3900
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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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