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Property profile & analytics
OFF-MARKET
Office buildings
21 Bay State Rd, Chicopee, MA 01020-1521
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0532112
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
FRAME
Total area
6,360 SF
Lot
0.23 ac (9,915 SF)
Zoning code
106
APN
CHIC M:0366 P:00047
UPID
US38-0532112
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
-
Children's Dentistry Of Chicopee Dental Office
-
Supreeth Veeranna Dental Office
-
Santhosh Veeranna Dental Office
-
Diana Pardo Dental Office
-
Mariam Javaid Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dhanya Real Estate Hld · 8 yrs held
Dhanya Real Estate Hld
since 2018
7 recorded transactions
Zoning & alternative use
106 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,578
Tax year 2024
Assessed value
$647,500
Assessed 2024
Previous assessed
$647,500
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$121,800
Assessed improvement
$525,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Units
1
Total area
6,360 SF
Lot
0.23 ac (9,915 SF)
Zoning code
106
APN
CHIC M:0366 P:00047
UPID
US38-0532112
Jurisdiction
CHICOPEE
Zoning & alternative use
106 · Chicopee, MA
Zoning 106 · permitted uses
106 · 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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Dhanya Real Estate Hld
Individual
Mailing address
6 AUSTIN LN, WEST SPRINGFIELD, MA 01089-2398
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2018
$1,250,000
Dhanya Real Estate Hld
Montgomery Dev Group
Quit Claim Deed
related
$1,250,000 · Bank Of America NA
May 1, 2013
—
Montgomery Dev Group LLC
—
Deed Of Trust
related
$800,000 · Hampden Savings Bank
Jan 2, 2008
$7,500
Montgomery Dev Group LLC
Chicopee City Of
Grant Deed
—
Jan 2, 2008
$170,000
Montgomery Dev Group LLC
Doyle,patricia M
Grant Deed
$400,000 · Hampden Savings Bank
Oct 16, 2003
$71,000
Patricia M Doyle
Urvater,ernest
Grant Deed
$71,000 · Urvater
Feb 7, 1996
$68,000
Ernest Urvater
Doyle,robert P JR
Grant Deed
—
Sep 21, 1994
—
Robert P Doyle
—
Deed Of Trust
related
$16,600 · Equity Stars
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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