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Property profile & analytics
OFF-MARKET
Estimated value
$2,295,000
Manufacturing properties
20 Veterans Dr, Chicopee, MA 01022-1011
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1617836
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Construction
STEEL FRAME
Total area
54,584 SF
Lot
6.26 ac (272,686 SF)
Zoning code
110
APN
CHIC M:00W4 P:0003D
UPID
US38-1617836
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
-
Brown packaging/ pacific packaging Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.30M
Owner & transaction history
20 Veterans Drive LLC · 7 yrs held
20 Veterans Drive LLC
since 2019
7 recorded transactions
Zoning & alternative use
110 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,065,000
Current use
WAREHOUSE, STORAGE
$2,790,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±10%
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
$42 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$81,633
Tax year 2024
Assessed value
$2,568,700
Assessed 2024
Previous assessed
$2,568,700
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$367,400
Assessed improvement
$2,201,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
54,584 SF
Lot
6.26 ac (272,686 SF)
Zoning code
110
APN
CHIC M:00W4 P:0003D
UPID
US38-1617836
Jurisdiction
CHICOPEE
Zoning & alternative use
110 · Chicopee, MA
Zoning 110 · permitted uses
110 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
6.26 ac
Current owner
From public records · entity-resolved
20 Veterans Drive LLC
Entity
Mailing address
24 INDUSTRIAL WAY, WILMINGTON, MA 01887-3434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2019
$1,975,000
20 Veterans Drive LLC
A Michael Fleming
Quit Claim Arm's Length For Ne States
$1 · Citizens Bank
Jul 10, 2018
—
A M Fleming
—
Deed
related
$30,399 · Anita J Fleming
Aug 31, 2017
—
A Michael Fleming
Fleming,a Michael
Quit Claim Deed
related
—
Nov 1, 2000
—
A Michael Fleming
—
Deed Of Trust
related
$500,000 · Westfield Bank Fsb
Mar 18, 1996
—
A Michael Fleming
—
Deed Of Trust
related
$200,000 · Chicopee Dept Commdev
Mar 6, 1996
—
A Michael Fleming
—
Deed Of Trust
related
$679,000 · Certified Dev Co Massachusetts
Jul 13, 1995
$161,762
Hitchcock Dev Cor Lake
Chicopee City
Grant Deed
—
Jul 13, 1995
$281,250
A Michael Fleming
Lake Hitchcock Dev
Grant Deed
$1,600,000 · Wylie C Hubbard
—
—
A M Fleming
—
Deed Of Trust
related
$30,399 · Anita J Fleming
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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