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    Property profile & analytics

    350 Memorial Dr Chicopee, MA 01020-5000

    • Office buildings
    • 78,974 SF
    • 12.23 lot acres
    OFF-MARKET
    Value Estimation
    $5,090,000
    Last Sale
    Sep 15, 2023
    $5,750,000
    Location Intelligence
    Property ID
    US38-1230778
    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

    • MassMutual Learning and Conference Center / Financial Planner / Life Insurance Agency
    • Bank / Bank

    Property Details for 350 Memorial Dr

    Year built
    1990
    Construction
    FRAME
    Lot size
    12.23 lot acres
    Property size
    78,974 SF
    Zone code
    111A
    Property type
    Office buildings
    APN
    CHIC M:0285 P:00019
    APU
    CHICM0285P00019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,845,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,460,000
      6.5%
      $6,335,000
      7%
      $6,280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,405,000
      Geo Method
      $5,400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,630,000
      Retail
      $5,150,000
      Mixed-Use
      $5,415,000
      Hospitality
      $4,680,000
      Educational
      $5,810,000
      Residential Income
      $5,525,000
      Energy
      $5,275,000
      Income-Based Land
      $5,405,000
      Food Service
      $6,005,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5802
    Latitude
    42.1675
    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
    $182,735
    $1,960,100
    $3,789,900
    $5,750,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $175,000
      1,680 SF

      1066 Granby Rd

      OFFICE BUILDING • 1,680 SF
      1066 Granby Rd, Chicopee, MA 01020-1539
      View Details
    • Value Estimation
      $640,000
      6,000 SF

      821 Main St

      OFFICE BUILDING • 6,000 SF
      821 Main St, Chicopee, MA 01020-6305
      View Details
    • Value Estimation
      $305,000
      2,160 SF

      52 Gladdu Ave

      OFFICE BUILDING • 2,160 SF
      52 Gladdu Ave, Chicopee, MA 01020-4318
      View Details
    • Value Estimation by Request
      75,548 SF

      84 2nd Ave

      OFFICE BUILDING • 75,548 SF
      84 2nd Ave, Chicopee, MA 01020-4625
      View Details
    • Value Estimation
      $215,000
      1,120 SF

      406 Britton St

      OFFICE BUILDING • 1,120 SF
      406 Britton St, Chicopee, MA 01020-4368
      View Details
    • Value Estimation
      $300,000
      974 SF

      252 Columba St

      OFFICE BUILDING • 974 SF
      252 Columba St, Chicopee, MA 01020-1308
      View Details

    Similar Nearby for Sale

    • $450,000
      3,878 SF

      Commercial Buildings on Memorial Drive

      Two buildings with office and retail space on Memorial Drive.
      1839-1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $449,900

      Retail and Office Investment Opportunity

      Well-maintained property with rental income and potential office space.
      635 Prospect St, Chicopee, MA 01020
      View Details
    • Contact for pricing

      Versatile Commercial Space in Chicopee

      Commercial space suitable for retail or office use.
      5 Willow St, Chicopee, MA 01020
      View Details
    • $300,000

      Commercial Office or Retail Space

      Three-story commercial building with updates, signage, and parking.
      1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $450,000

      Commercial Office/Retail Space on Corner

      Two buildings on a busy corner, suitable for multiple businesses.
      1839 &1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $169,000
      6,500 SF

      Thriving Country Restaurant - Chicopee, MA

      Established Restaurant, Turnkey Opportunity, High Occupancy
      769 Burnett Rd, Chicopee, MA 01020
      View Details

    Similar Nearby for Lease

    • $799,000
      2,604 SF

      Single Tenant Building For Lease

      Single tenant building, formerly a veterinary clinic, available for lease.
      1361 Memorial Dr, Chicopee, MA 01020
      View Details
    • $14 SF/Yr

      High-Visibility Office Space Available

      Single-story office building with flexible space for lease.
      641 Grattan St, Chicopee, MA 01020
      View Details
    • $1,600 /Mo

      Chicopee Falls Retail/Office Space

      Retail or office space for lease in Chicopee Falls.
      155 East St, Chicopee, MA 01020
      View Details
    • $24 SF/Yr
      800 SF

      Chicopee Falls Retail/Office Space

      800 SF retail or office space for lease.
      151 East St, Chicopee, MA 01020
      View Details
    • $6 SF/Yr
      7,354 SF

      Chicopee Industrial/Warehouse Space Available

      Industrial/warehouse space for lease near Mass Pike in Chicopee, MA.
      33 Haynes Cir, Chicopee, MA 01020
      View Details
    • Contact for pricing
      16,200 SF

      Shopping Center Retail Space Available

      444,000 SF shopping center in Springfield/Chicopee market.
      59 Kirby St, Chicopee, MA 01020
      View Details
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    Chicopee, MA 01020-5000
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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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