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    Property profile & analytics

    385 Memorial Dr Chicopee, MA 01020-5003

    • Automotive properties
    • 1,880 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US38-0750160
    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

    • All Star Car & Truck Rental / Car Rental Agency

    Property Details for 385 Memorial Dr

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    1,880 SF
    Zone code
    111A
    Property type
    Automotive properties
    APN
    CHIC M:0312 P:00001
    APU
    CHICM0312P00001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $380,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $440,000
      Mixed-Use
      $340,000
      Hospitality
      $335,000
      Educational
      $430,000
      Residential Income
      $415,000
      Energy
      $320,000
      Income-Based Land
      $385,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5778
    Latitude
    42.1681
    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
    $15,477
    $314,300
    $172,700
    $487,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      295 Burnett Rd

      VEHICLE SALES, RENTALS • 17,500 SF
      295 Burnett Rd, Chicopee, MA 01020-4629
      View Details
    • Value Estimation
      $430,000
      2,022 SF

      33 Grattan St

      VEHICLE SALES, RENTALS • 2,022 SF
      33 Grattan St, Chicopee, MA 01020-1327
      View Details
    • Value Estimation
      $300,000
      4,880 SF

      1965 Memorial Dr

      VEHICLE SALES, RENTALS • 4,880 SF
      1965 Memorial Dr, Chicopee, MA 01020-4322
      View Details
    • Value Estimation by Request
      10,736 SF

      1021 Memorial Dr

      VEHICLE SALES, RENTALS • 10,736 SF
      1021 Memorial Dr, Chicopee, MA 01020-2902
      View Details
    • Value Estimation
      $185,000
      1,652 SF

      536 Ee St

      VEHICLE SALES, RENTALS • 1,652 SF
      536 Ee St, Chicopee, MA 01020-4120
      View Details
    • Value Estimation
      $285,000
      3,172 SF

      245 Ee St

      VEHICLE SALES, RENTALS • 3,172 SF
      245 Ee St, Chicopee, MA 01020-3402
      View Details

    Similar Nearby for Sale

    • $995,000

      Mixed-Use Property with Strip Mall

      Two-family home and strip mall with diverse tenants.
      400 E Main St Plz, Chicopee, MA 01020
      View Details
    • $290,000

      Mixed-Use Property in Cuenca, Ecuador

      Mixed-use property with commercial spaces and apartments in Cuenca, Ecuador.
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    • $2,000,000
      9,923 SF

      Commercial Property with Income Potential

      9,923 SF commercial property for sale with income-generating tenants.
      1329 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
    • 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

    Similar Nearby for Lease

    • $1,200 /Mo

      Garage Space in Chicopee

      Versatile garage space with storage and office potential.
      1692 Memorial Dr, Chicopee, MA 01020
      View Details
    • Contact for pricing
      19,732 SF

      Main Street Chicopee Retail Center

      Prime Chicopee retail space, ample parking.
      70-90 Main 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
    • Contact for pricing
      65,340 SF

      Retail Space in Chicopee Center

      Retail opportunity in a busy, anchored shopping center.
      81 Kirby St, 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
    • Contact for pricing
      3,654 SF

      Former Restaurant Space Available

      Restaurant space for lease with high traffic visibility.
      467 Memorial Dr, Chicopee, MA 01020
      View Details
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    Chicopee, MA 01020-5003
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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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