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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Assisted living facilities
44 New Lombard Rd Chicopee, MA 01020-4857
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0805156
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,462 SF
Lot
2.34 ac (102,096 SF)
Zoning code
108
APN
CHIC M:0267 P:00003
UPID
US38-0805156
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
Current use
Occupant on record · Public records
-
Chicopee Rehabilitation and Nursing Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$595k
Owner & transaction history
44 New Lombard Road LLC · 6 yrs held
44 New Lombard Road LLC
since 2019
7 recorded transactions
Zoning & alternative use
108 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$915,000
+58.9%
Medical building
$860,000
+49.9%
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
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$575,000
Current use
WAREHOUSE, STORAGE
$915,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$860,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$31 / 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
$61,215
Tax year 2024
Assessed value
$1,926,200
Assessed 2024
Previous assessed
$1,926,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$330,700
Assessed improvement
$1,595,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
10
Units
68
Total area
19,462 SF
Lot
2.34 ac (102,096 SF)
Zoning code
108
APN
CHIC M:0267 P:00003
UPID
US38-0805156
Jurisdiction
CHICOPEE
Zoning & alternative use
108 · Chicopee, MA
Zoning 108 · permitted uses
108 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$915,000
MEDICAL BUILDING
Est. value
$860,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
10
Buildings
1
Units
68
Lot
2.34 ac
Current owner
From public records · entity-resolved
44 New Lombard Road LLC
Entity
Mailing address
18 WOODSIDE RD, SPRINGFIELD, NJ 07081-2701
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
44 New Lombard Road LLC
—
Deed
related
$5,600,000 · Lument Re Capital LLC
Oct 16, 2019
$3,500,000
44 New Lombard Road LLC
Chicopee Gardens Rehab
Quit Claim Deed
$4,800,000 · Cibc
Mar 4, 2016
$1,888,400
Chicopee Gdns Rehab&ca
Guilford Health Mgmt I
Quit Claim Deed
related
$3,080,000 · Private B&t Co
Dec 3, 2004
—
Manor Nursing Home Birch
—
Deed Of Trust
related
$200,000 · Chicopee Savings Bank
Jan 16, 1990
—
Guilford Health Mgmt
—
Deed Of Trust
related
$950,000 · Heritage/nis Bkforsvg
Mar 6, 1989
—
Guilford Hlth Mgmt
—
Deed Of Trust
related
$615,000 · Heritage/nis Bkforsvg
Mar 2, 1989
$336,000
Guilford Hlth Mgt INC
Birch Mnr Nursing
Grant Deed
—
—
—
Chicopee Gardens Rehab
—
Deed Of Trust
related
$385,000 · Greystone Svcg
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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