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Property profile & analytics
FOR SALE
Retail space
200 Exchange St, Chicopee, MA 01013
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1805096
For Sale
1 / 2
$950,000
200 Exchange St, Chicopee, MA 01013
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,301 SF
Lot
0.27 ac (11,719 SF)
Zoning code
101
APN
CHIC M:0096 P:00010
UPID
US38-1805096
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
-
Lids Live Well Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$800k
Blend (final)
Blend
$800k
Owner & transaction history
Manish J Patel · 1 yrs held
Manish J Patel
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
101 · 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Aug 12 2024)
Last sale anchor
$800k
Aug 12 2024
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
$78 / 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
$16,751
Tax year 2024
Assessed value
$527,100
Assessed 2024
Previous assessed
$527,100
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$106,400
Assessed improvement
$420,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
14
Total area
10,301 SF
Lot
0.27 ac (11,719 SF)
Zoning code
101
APN
CHIC M:0096 P:00010
UPID
US38-1805096
Jurisdiction
CHICOPEE
Zoning & alternative use
101 · Chicopee, MA
Zoning 101 · permitted uses
101 · 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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
14
Lot
0.27 ac
Current owner
From public records · entity-resolved
Manish J Patel
Individual
Mailing address
200 EXCHANGE ST, CHICOPEE, MA 01013-1275
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$800,000
Manish J Patel
R L New Life LLC
Quit Claim Arm's Length For Ne States
$640,000 · Monson Savings Bank
Apr 10, 2018
$31,500
Pioneer Valley Church
Peoples United Bank|demski,gene J
Foreclosure
related
—
Aug 9, 2017
—
R L New Life LLC
—
Deed
related
$370,000 · Westfield Bank
Feb 12, 2015
$220,000
Rl New Life LLC
Peoples United Bank
Quit Claim Arm's Length For Ne States
$250,000 · Chicopee Savings Bank
Jan 6, 2014
$252,000
Peoples United Bank
Demski,gene J
Foreclosure
related
—
Dec 5, 2007
—
Gene J Demski
—
Deed Of Trust
related
$365,000 · Bank Of Western Massachusetts
May 14, 2002
—
Gene J Demski
—
Deed Of Trust
related
$400,000 · Sovereign Bank
Jun 2, 1999
—
Gene J Demski
—
Deed Of Trust
related
$250,000 · First Massachusetts Bank
Jan 10, 1996
—
Gene J Demski
—
Deed Of Trust
related
$15,000 · Chicopee Dept Commdev
Sep 19, 1991
$80,000
Gene J Demski
Kasza,josephine M
Grant Deed
$72,000 · Zenon Grzybowski
Dec 23, 1987
—
Gene J Demski
—
Deed Of Trust
related
$110,000 · Multibank Natl Wstnma
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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