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    Property profile & analytics

    463 Memorial Dr Chicopee, MA 01020-5031

    • Motels
    • 43,456 SF
    • 2.61 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1350574
    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

    • Quality Inn Chicopee-Springfield / Hotel
    • ATM / Atm

    Property Details for 463 Memorial Dr

    Year built
    1976
    Construction
    FRAME
    Lot size
    2.61 lot acres
    Property size
    43,456 SF
    Zone code
    111A
    Property type
    Motels
    APN
    CHIC M:0341 P:00001
    APU
    CHICM0341P00001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5754
    Latitude
    42.1702
    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
    $72,385
    $662,900
    $1,614,800
    $2,277,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      88,603 SF

      500 Memorial Dr

      MOTEL • 88,603 SF
      500 Memorial Dr, Chicopee, MA 01020-5071
      View Details
    • Value Estimation by Request
      52,113 SF

      600 Memorial Dr

      MOTEL • 52,113 SF
      600 Memorial Dr, Chicopee, MA 01020-5019
      View Details
    • Value Estimation
      $3,595,000
      30,744 SF

      36 Johnny Cake Holw Rd

      MOTEL • 30,744 SF
      36 Johnny Cake Holw Rd, Chicopee, MA 01020-4623
      View Details
    • Value Estimation by Request
      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

    • $650,000
      0.60 Acres

      Prime Chicopee Commercial Duo

      Two Buildings, High Visibility, Huge Potential
      Memorial Dr, Chicopee, MA 01020
      View Details
    • $265,000

      Affordable Condo with Sunset Views

      Garden-style condo with sunset views, two bedrooms, and modern amenities.
      200 Lambert Ter, Chicopee, MA 01020
      View Details
    • $299,000

      Remodeled Two-Family Chicopee Property

      Vacant, remodeled two-family property ideal for investors or owner-occupants.
      528 Broadway St, Chicopee, MA 01020
      View Details
    • $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
    • $185,000

      Charming Colonial Duplex Near Historic Center

      Two-family house near Cuenca's historic center with 9 bedrooms.
      271 C. Escultor Ayabaca Cuenca Ecuador, 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

    Similar Nearby for Lease

    • $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
    • $8,000 /Mo
      4,000 SF

      Retail Space on Memorial Drive

      Retail space available with high traffic and signalized access.
      451-455 Memorial Dr, 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
    • $16 SF/Yr

      Versatile Retail Space Available

      1,800 sq ft retail space with high ceilings.
      55 Main St, Chicopee, MA 01020
      View Details
    • $8,000 /Mo

      Retail Space on Memorial Drive

      Retail space available with high traffic and signalized access.
      451 Memorial Dr, 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

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      685
    • Avg Time on site
      693 min
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    Chicopee, MA 01020-5031
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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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