$290,000 3,168 SF

1847 Memorial Dr,Unit 3, Chicopee, MA 01020
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The property is a commercial office building constructed in 1987, featuring a second-floor office unit of approximately 400 square feet with an open layout. The unit includes two sinks, multiple windows, and access to on-site parking. The building also includes adjoining smaller office spaces of approximately 130 square feet and 160 square feet, providing configuration options for multiple professional or service-oriented uses such as office use and personal service businesses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Oct 2026

$290k

$261k – $319k

AI approach$290k

NOI build-up

Gross scheduled income$10k

Vacancy & credit loss−$2k

Operating expenses−$2k

NOI · 2,411.60% cap applied$6k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?

2,411.60%

$6k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

1847 Memorial Dr, Unit 3 Chicopee, MA 01020

County assessor Recorded deeds · 4 transfers 5 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

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

Value Estimation
$215,000

3,337 SF

99 Church St

OFFICE BUILDING

99 Church St, Chicopee, MA 01020-1888

View Details
Value Estimation
$110,000

3,392 SF

1421 Granby Rd

OFFICE BUILDING

1421 Granby Rd, Chicopee, MA 01020-2048

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Value Estimation
$265,000

2,886 SF

400 Broadway St

OFFICE BUILDING

400 Broadway St, Chicopee, MA 01020-2411

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Value Estimation
$125,000

2,513 SF

17 Broadway St

OFFICE BUILDING

17 Broadway St, Chicopee, MA 01020-2680

View Details
Value Estimation
$235,000

4,164 SF

71 Church St

OFFICE BUILDING

71 Church St, Chicopee, MA 01020-1812

View Details
Value Estimation
$195,000

2,216 SF

169 Grv St

OFFICE BUILDING

169 Grv St, Chicopee, MA 01020-1817

View Details

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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”

1847 Memorial Dr 3 Chicopee, MA 01020

Property summary