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    Property profile & analytics

    301 Griffith Rd Chicopee, MA 01022-2129

    • Manufacturing properties
    • 152,380 SF
    • 11.36 lot acres
    OFF-MARKET
    Value Estimation
    $8,830,000
    Last Sale
    Dec 13, 2022
    $8,500,000
    Location Intelligence
    Property ID
    US38-1702172
    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

    • UFP Chicopee / Manufacturer

    Property Details for 301 Griffith Rd

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    11.36 lot acres
    Property size
    152,380 SF
    Zone code
    110
    Property type
    Manufacturing properties
    APN
    CHIC M:00W4 P:00010
    APU
    CHICM00W4P00010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,020,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,615,000
      6.5%
      $8,495,000
      7%
      $9,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,550,000
      Geo Method
      $7,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,795,000
      Retail
      $6,675,000
      Mixed-Use
      $8,355,000
      Hospitality
      $8,505,000
      Educational
      $9,165,000
      Residential Income
      $8,910,000
      Energy
      $8,175,000
      Income-Based Land
      $8,375,000
      Food Service
      $8,750,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5552
    Latitude
    42.205
    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
    $248,520
    $1,024,500
    $6,795,500
    $7,820,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      82,182 SF

      220 Padgette St

      MANUFACTURING (LIGHT) • 82,182 SF
      220 Padgette St, Chicopee, MA 01022-1316
      View Details
    • Value Estimation by Request
      78,550 SF

      2255 Westover Rd

      MANUFACTURING (LIGHT) • 78,550 SF
      2255 Westover Rd, Chicopee, MA 01022-1060
      View Details
    • Value Estimation
      $2,890,000
      57,600 SF

      1380 Sheridan St

      MANUFACTURING (LIGHT) • 57,600 SF
      1380 Sheridan St, Chicopee, MA 01022-1072
      View Details
    • Value Estimation
      $445,000
      11,600 SF

      904 Sheridan St

      MANUFACTURING (LIGHT) • 11,600 SF
      904 Sheridan St, Chicopee, MA 01022-1031
      View Details
    • Value Estimation by Request
      320,639 SF

      171 Padgette St

      MANUFACTURING (LIGHT) • 320,639 SF
      171 Padgette St, Chicopee, MA 01022-1315
      View Details
    • Value Estimation
      $410,000
      11,700 SF

      964 Sheridan St

      MANUFACTURING (LIGHT) • 11,700 SF
      964 Sheridan St, Chicopee, MA 01022-1031
      View Details

    Similar Nearby for Sale

    • $1,100,000
      2,604 SF

      Chicopee Retail Space - $1.1M

      Prime retail space, high traffic location.
      1361 Memorial Dr, Chicopee, MA 01022
      View Details
    • $5,700,000
      22,557 SF

      Fully Leased Chicopee Investment Property

      22,557 SF fully leased property occupied by May Institute.
      2024 Westover Rd, Chicopee, MA 01022
      View Details
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    301 Griffith Rd
    Chicopee, MA 01022-2129
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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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