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    Property profile & analytics

    241 Rte 20 Chester, MA 01011-9800

    • Turn key restaurants
    • 4,575 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Location Intelligence
    Property ID
    US38-0812078
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 241 Rte 20

    Lot size
    0.55 lot acres
    Property size
    4,575 SF
    Zone code
    B
    Property type
    Turn key restaurants
    APN
    CHES M:202.0 B:0000 P:0090.0
    APU
    CHESM2020B0000P00900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.98
    Latitude
    42.2773
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,840
    $19,000
    $205,800
    $224,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $250,000
      6,896 SF

      11 Main St

      DEPARTMENT STORE • 6,896 SF
      11 Main St, Chester, MA 01011-9654
      View Details
    • Value Estimation
      $200,000
      2,880 SF

      326 Middlefield Rd

      SHOW ROOM, WAREHOUSE • 2,880 SF
      326 Middlefield Rd, Chester, MA 01011-9672
      View Details
    • Value Estimation
      $350,000
      1,200 SF

      200 Johnson Hl Rd

      SHOW ROOM, WAREHOUSE • 1,200 SF
      200 Johnson Hl Rd, Chester, MA 01011
      View Details
    • Value Estimation by Request
      8,200 SF

      126 Middlefield Rd

      SHOW ROOM, WAREHOUSE • 8,200 SF
      126 Middlefield Rd, Chester, MA 01011
      View Details
    • Value Estimation by Request
      3,429 SF

      50 Baystate Dr

      SHOW ROOM, WAREHOUSE • 3,429 SF
      50 Baystate Dr, Chester, MA 01011
      View Details
    • Value Estimation
      $365,000
      44,604 SF

      632 Rte 20

      SHOW ROOM, WAREHOUSE • 44,604 SF
      632 Rte 20, Chester, MA 01011-9652
      View Details
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    241 Rte 20
    Chester, MA 01011-9800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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