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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Super regional malls
351 Frnt St, Chicopee, MA 01013-3120
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0596269
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,950 SF
Lot
1.32 ac (57,642 SF)
Zoning code
101
APN
CHIC M:0098 P:00019
UPID
US38-0596269
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Marky Marc LLC · 5 yrs held
Marky Marc LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
101 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+309.8%
Retail stores
$1.5M
+243.5%
Auto repair, garage
$1.5M
+239.8%
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
$1,130,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,830,000
Change: +310% · Conversion: Moderate
RETAIL STORES
$1,535,000
Change: +244% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,520,000
Change: +240% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,100,000
Change: +146% · Conversion: Easy
WAREHOUSE, STORAGE
$750,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$705,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.16M (Oct 2 2020)
Last sale anchor
$1.16M
Oct 2 2020
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
$72 / 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
$50,533
Tax year 2024
Assessed value
$1,590,100
Assessed 2024
Previous assessed
$1,590,100
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$169,100
Assessed improvement
$1,421,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
15,950 SF
Lot
1.32 ac (57,642 SF)
Zoning code
101
APN
CHIC M:0098 P:00019
UPID
US38-0596269
Jurisdiction
CHICOPEE
Zoning & alternative use
101 · Chicopee, MA
Zoning 101 · permitted uses
101 · 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
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$750,000
MEDICAL BUILDING
Est. value
$705,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
1.32 ac
Current owner
From public records · entity-resolved
Marky Marc LLC
Entity
Mailing address
268 COLD SPG AVEB, WEST SPRINGFIELD, MA 01089-3465
Ownership since
2020
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
Oct 2, 2020
$1,155,000
Marky Marc LLC
Rimor Properties LLC
Foreclosure
related
$982,500 · Easthampton Savings Bank
Feb 24, 2006
—
Mljd RT
—
Deed Of Trust
related
$100,000 · Chicopee Savings Bank
Jun 27, 2002
—
Mljd RT
—
Deed Of Trust
related
$16,000 · Chicopee Savings Bank
Oct 13, 1995
—
Mljd RT
—
Deed Of Trust
related
$103,000 · Chicopee Savings Bank
Sep 13, 1990
—
Mljd RT
—
Deed Of Trust
related
$700,000 · Chicopee Savings Bank
May 31, 1988
—
Mljd Rlty Tr
—
Deed Of Trust
related
$670,000 · Bank Of New England West
—
—
Rimor Properties LLC
—
Deed Of Trust
related
$1,120,000 · Nuvo B&t Co
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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