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Property profile & analytics
OFF-MARKET
Office buildings
1643 Memorial Dr, Chicopee, MA 01020-3132
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1936262
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
FRAME
Total area
1,100 SF
Lot
0.14 ac (6,048 SF)
Zoning code
111
APN
CHIC M:0690 P:00051
UPID
US38-1936262
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
Current use
Occupant on record · Public records
-
James Rippa Alternative Medicine Practice
-
Sound Mind Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rjalaa Holdings LLC · 3 yrs held
Rjalaa Holdings LLC
since 2022
Last sale
$180,000
7 recorded transactions
Zoning & alternative use
111 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,833
Tax year 2024
Assessed value
$215,000
Assessed 2024
Previous assessed
$215,000
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$123,500
Assessed improvement
$91,500
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
1950
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
8
Bathrooms
1
Total area
1,100 SF
Lot
0.14 ac (6,048 SF)
Zoning code
111
APN
CHIC M:0690 P:00051
UPID
US38-1936262
Jurisdiction
CHICOPEE
Zoning & alternative use
111 · Chicopee, MA
Zoning 111 · permitted uses
111 · 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.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
8
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Rjalaa Holdings LLC
Entity
Mailing address
8 DEERBROOK DR, GRANBY, MA 01033-9787
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$180,000
Rjalaa Holdings LLC
Gallagher Properties LLC
Quit Claim Arm's Length For Ne States
$144,000 · Liberty Bank
Oct 27, 2011
$1
Gallagher Props LLC
Gallagher,paul R
Grant Deed
—
Oct 27, 2011
—
Gallagher Props LLC
—
Deed Of Trust
related
$115,000 · Peoples Bank Holyoke
Nov 30, 2010
$75,000
Paul R Gallagher
Owb Reo LLC
Grant Deed
$200,000 · Bank Of Western Massachusetts
Apr 23, 2010
$147,976
Imb Reo LLC
Onewest Bank
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 24, 2007
—
Michael S Moise
—
Deed Of Trust
related
$40,000 · Michael C Moise
Oct 4, 2006
$169,000
Michael S Moise
Florence Keough Ret
Grant Deed
$126,750 · Nation One Mortgage Co INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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