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    Property profile & analytics

    481 Burnett Rd Chicopee, MA 01020-4601

    • Investment properties
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US38-0700099
    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

    • Bourbeau Welding / Aluminum Welder

    Property Details for 481 Burnett Rd

    Year built
    1983
    Lot size
    1.09 lot acres
    Zone code
    108
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CHIC M:0294 P:00001
    APU
    CHICM0294P00001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $345,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $295,000
      Mixed-Use
      $370,000
      Hospitality
      $380,000
      Educational
      $335,000
      Residential Income
      $285,000
      Energy
      $355,000
      Income-Based Land
      $285,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5418
    Latitude
    42.1687
    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
    2015
    $5,099
    $103,000
    $300,700
    $403,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,257 SF

      28 Sheridan St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,257 SF
      28 Sheridan St, Chicopee, MA 01020-2724
      View Details
    • Value Estimation
      $225,000
      0.25 Acres

      688 Prospect St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.25 Acres
      688 Prospect St, Chicopee, MA 01020-3048
      View Details
    • Value Estimation
      $400,000
      2,004 SF

      14 Sheridan St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,004 SF
      14 Sheridan St, Chicopee, MA 01020-2724
      View Details
    • Value Estimation
      $255,000
      0.16 Acres

      368 Britton St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.16 Acres
      368 Britton St, Chicopee, MA 01020-4312
      View Details
    • Value Estimation
      $285,000
      3,038 SF

      535 Ee St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,038 SF
      535 Ee St, Chicopee, MA 01020-4161
      View Details
    • Value Estimation
      $270,000
      6,133 SF

      411 Broadway St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,133 SF
      411 Broadway St, Chicopee, MA 01020-4652
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      16,200 SF

      Shopping Center Retail Space Available

      444,000 SF shopping center in Springfield/Chicopee market.
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    • Contact for pricing
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      Retail opportunity in a busy, anchored shopping center.
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      View Details
    • Contact for pricing
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      Former Restaurant Space Available

      Restaurant space for lease with high traffic visibility.
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    • Contact for pricing
      4,200 SF

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      4,200 SF retail space in a 444,000 SF shopping center.
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      View Details
    • $14 SF/Yr

      High-Visibility Office Space Available

      Single-story office building with flexible space for lease.
      641 Grattan St, Chicopee, MA 01020
      View Details
    • $18 SF/Yr
      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
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    481 Burnett Rd
    Chicopee, MA 01020-4601
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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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