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    Property profile & analytics

    36 Johnny Cake Holw Rd Chicopee, MA 01020-4623

    • Motels
    • 30,744 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Aug 27, 2020
    $3,700,000
    Value Estimations
    $3,600,000
    Show details
    Cap Rate Potential
    5.2%
    Motels
    Location Intelligence
    Property ID
    US38-1446370
    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

    • Motel 6 Chicopee, MA - Springfield / Hotel & Motel

    Property Details for 36 Johnny Cake Holw Rd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    30,744 SF
    Zone code
    108
    Property type
    Motels
    APN
    CHIC M:0266 P:00008
    APU
    CHICM0266P00008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,615,000
      ML approach
      $4,125,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,105,000
      6.5%
      $2,865,000
      7%
      $2,660,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,785,000
      OFFICE BUILDING
      $3,520,000
      AUTO REPAIR, GARAGE
      $3,510,000
      RETAIL STORES
      $3,110,000
      COMMERCIAL (GENERAL)
      $2,620,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5461
    Latitude
    42.1677
    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
    $84,195
    $282,300
    $2,367,000
    $2,649,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,165,000
      88,603 SF

      500 Memorial Dr

      MOTEL • 88,603 SF
      500 Memorial Dr, Chicopee, MA 01020-5071
      View Details
    • Value Estimation
      $855,000
      43,456 SF

      463 Memorial Dr

      MOTEL • 43,456 SF
      463 Memorial Dr, Chicopee, MA 01020-5031
      View Details
    • Value Estimation
      $1,115,000
      52,113 SF

      600 Memorial Dr

      MOTEL • 52,113 SF
      600 Memorial Dr, Chicopee, MA 01020-5019
      View Details
    • Value Estimation
      $2,540,000
      44,880 SF

      440 Memorial Dr

      HOTEL • 44,880 SF
      440 Memorial Dr, Chicopee, MA 01020-5032
      View Details
    • Value Estimation by Request
      19,732 SF

      70-90 Main St

      Lifestyle centers • 19,732 SF
      70-90 Main St, Chicopee, MA 01020
      View Details
    • Value Estimation by Request
      2.40 Acres

      896 Main St

      Land • 2.40 Acres
      896 Main St, Chicopee, MA 01020
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property in Cuenca, Ecuador

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      Chicopee Two-Family Home For Sale

      Well-maintained two-family home, move-in ready, ideal for various living arrangements.
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      Mixed-Use Property with Strip Mall

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      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
    • $650,000
      0.32 Acres

      Thriving Chicopee Barber Shop Business

      Established Salon, High Traffic Area, Includes Business
      760 Memorial Dr, Chicopee, MA 01020
      View Details
    • $675,000
      2.40 Acres

      Chicopee Commercial Land - Great Highway Access

      2.4 Acres, Business B Zoning, Build-to-Suit
      896 Main St, Chicopee, MA 01020
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      45,334 SF

      Chicopee Industrial Space Available

      Versatile flex space, warehouse, & cold storage.
      30 Buckley Blvd, Chicopee, MA 01020
      View Details
    • Contact for pricing
      15,922 SF

      Retail Space in Chicopee Center

      Retail space available in a busy Chicopee shopping center.
      591 Memorial Dr, Chicopee, MA 01020
      View Details
    • Contact for pricing
      4,200 SF

      Springfield/Chicopee Retail Space Available

      4,200 SF retail space in a 444,000 SF shopping center.
      93 Kirby St, Chicopee, MA 01020
      View Details
    • Contact for pricing
      14,407 SF

      Retail Space Next to Big Y

      End-cap retail space available for sublease near Mass Pike.
      650 Memorial Dr, Chicopee, MA 01020
      View Details
    • Contact for pricing

      High-Visibility Office Space Available

      Single-story office building with flexible space for lease.
      641 Grattan St, Chicopee, MA 01020
      View Details
    • $16 SF/Yr

      Versatile Retail Space Available

      1,800 sq ft retail space with high ceilings.
      55 Main St, Chicopee, MA 01020
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      1.4k
    • Avg Time on site
      501 min
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    Chicopee, MA 01020-4623
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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