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Property profile & analytics
FOR LEASE
Warehouses
2189 Westover Rd, Chicopee, MA 01022
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0201409
For Lease
1 / 10
$6 SF/Yr
2189 Westover Rd, Chicopee, MA 01022
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
217,640 SF
Lot
12.21 ac (531,868 SF)
Zoning code
110
APN
CHIC M:00W1 P:00036
UPID
US38-0201409
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
-
Necds High School Daycare Center
-
USPS STC Post Office
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.70M
Blend (final)
Blend
$12.40M
Owner & transaction history
Area Chicwh LLC · 2 yrs held
Area Chicwh LLC
since 2024
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
110 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.0M
+79.4%
Commercial (general)
$18.4M
+65.8%
Industrial (general)
$12.2M
+9.8%
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
$12,400,000
ML approach
$12,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,125,000
Current use
OFFICE BUILDING
$19,960,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,445,000
Change: +66% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,215,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$12.40M
Range $11.16M – $13.64M · ±10% · vs last sale $12.40M (Jun 5 2024)
Last sale anchor
$12.40M
Jun 5 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
$57 / 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
$247,112
Tax year 2024
Assessed value
$7,775,700
Assessed 2024
Previous assessed
$7,775,700
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$1,101,200
Assessed improvement
$6,674,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
217,640 SF
Lot
12.21 ac (531,868 SF)
Zoning code
110
APN
CHIC M:00W1 P:00036
UPID
US38-0201409
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
WAREHOUSE, STORAGE Current
Est. value
$11.1M
OFFICE BUILDING
Est. value
$20.0M
COMMERCIAL (GENERAL)
Est. value
$18.4M
INDUSTRIAL (GENERAL)
Est. value
$12.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
12.21 ac
Current owner
From public records · entity-resolved
Area Chicwh LLC
Entity
Free & Clear · 2 yrs held
Mailing address
512 GREENVILLE AVE, STAUNTON, VA 24401-4755
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$12,400,000
Area Chicwh LLC
Stag Industrial Hldg LLC
Quit Claim Arm's Length For Ne States
—
Oct 26, 2012
$8,325,000
Stag Chicopee LLC
Brookwood Westover Co LLC
Grant Deed
—
Jun 29, 2011
—
Brookwood Westover Co LLC
—
Deed Of Trust
related
$2,000,000 · Brookline Savings Bank
Dec 16, 2010
$4,500,000
Brookwood Westover Co LLC
Csfb Westover Rd LLC
Grant Deed
—
Dec 16, 2010
$1
Brookwood Westover Co LLC
Csfb Westover Rd LLC
Grant Deed
—
May 7, 2010
$4,000,000
Csfb-c3 Westover Rd LLC
Lnr Mass Prtnrs INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
May 27, 2005
$8,000,000
Cby Equity Partners LLC
D V Industries INC
Grant Deed
$6,560,000 · Pnc Bank
Apr 26, 2004
—
D V Industries INC
—
Deed Of Trust
related
$5,000,000 · Peoples Bank Holyoke
Apr 26, 2004
$1
D V Industries INC
Dellavalle,peter P
Grant Deed
related
—
Jul 21, 2000
—
Valle Peter P Della
—
Deed Of Trust
related
$5,775,000 · John Hancock Mutual Life Ins
Oct 1, 1996
—
Peter P Dellavalle
—
Deed Of Trust
related
$6,650,000 · John Hancock Mutual Life Ins
Sep 7, 1989
—
Peter P Dellavalle
—
Deed Of Trust
related
$6,700,000 · Zuckerman Family Nomi
Apr 6, 1989
—
Peter P Dellavalle
—
Deed Of Trust
related
$6,000,000 · Springfield Inst For Saving
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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