Financial
Distress signals
Property profile

1847 Memorial Dr 3 Chicopee, MA 01020

FOR LEASE
Office buildings
Property ID
US38-0153733
3,168 SF 0.21 ac lot Built 1987
Last sale Jun 2010 · $381,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A three-story commercial building constructed in 1987, configured for office or retail use, situated on a busy corner with prominent signage. The interior layout includes more than 10 offices along with open spaces across the building, and a kitchenette on the second floor. Mechanically, the property is served by three heating and cooling units and includes two electric panels. It also features ample off-street parking.

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?
$14k
Tax billed · 2024
Assessed value$450k
Assessed land$181k
Assessed improvement$269k
Effective rate3.18%

Value estimate

· Sep 2026
$290k
$261k – $319k
AI approach$290k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
County average, outlier-cleaned · 188 recorded sales of this use type
Observed band · Q1–Q3$56 – $144
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
111
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 Firm14.5
Dental Office12.4
Realty agency11.1

Location

1847 Memorial Dr, Unit 3 Chicopee, MA 01020
County assessor Recorded deeds · 3 transfers 4 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12 Dallaire, Chicopee, MA 01020-1237 $827,000 Dec 2025 3,596 SF
71 Church, Chicopee, MA 01020-1812 $240,000 May 2023 4,164 SF
99 Church, Chicopee, MA 01020-1888 $215,000 Jul 2022 3,337 SF
17 Broadway, Chicopee, MA 01020-2680 $120,000 Jan 2022 2,513 SF
1421 Granby, Chicopee, MA 01020-2048 $115,000 Oct 2021 3,392 SF
52 Gladdu, Chicopee, MA 01020-4318 $315,000 Jan 2021 2,160 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message