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Property profile & analytics
FOR SALE
Commercial real estate
2024 Westover Rd Chicopee, MA 01022
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0473475
For Sale
1 / 2
$5,300,000
2024 Westover Rd, Chicopee, MA 01022
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1942
Construction
STEEL FRAME
Total area
22,557 SF
Lot
3.21 ac (139,828 SF)
Zoning code
110
APN
CHIC M:00W1 P:00027
UPID
US38-0473475
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
-
May Center School for Autism and Developmental Disabilities Special Education Facility
-
Triwire Engineering Solutions Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$935k
Owner & transaction history
Steel City Sisters Grp · 4 yrs held
Steel City Sisters Grp
since 2021
Last sale
$900,000
4 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
$880,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $900k (Dec 3 2021)
Last sale anchor
$900k
Dec 3 2021
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
$41 / 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
$24,944
Tax year 2024
Assessed value
$784,900
Assessed 2024
Previous assessed
$784,900
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$273,700
Assessed improvement
$511,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1942
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
1
Units
1
Total area
22,557 SF
Lot
3.21 ac (139,828 SF)
Zoning code
110
APN
CHIC M:00W1 P:00027
UPID
US38-0473475
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.
Building & site characteristics
From public records
Year built
1942
Construction
STEEL FRAME
Heating
STEAM
Stories
1
Buildings
1
Units
1
Lot
3.21 ac
Current owner
From public records · entity-resolved
Steel City Sisters Grp
Entity
Free & Clear · 4 yrs held
Mailing address
1441 MAIN ST, SPRINGFIELD, MA 01103-1406
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Steel City Sisters Grp
—
Deed
related
$2,940,000 · Peoplesbank (holyoke Ma)
Dec 3, 2021
$900,000
Steel City Sisters Grp
Lee Regional Visiting
Quit Claim Arm's Length For Ne States
—
Sep 10, 2004
$547,500
Chicopee Visitiation INC
Gretag Imaging INC
Grant Deed
$400,000 · Chicopee Savings Bank
Apr 5, 1993
$159,000
Gretag Imaging INC
Westinghouse Electric
Grant Deed
—
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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