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    Property profile & analytics

    500 Memorial Dr Chicopee, MA 01020-5071

    • Motels
    • 88,603 SF
    • 3.28 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-2103437
    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

    • Builders License Training Institute / Training Centre / Adult Education School
    • Residence Inn Springfield Chicopee / Hotel / Extended Stay Hotel
    • 500 Memorial Drive Parking / Parking Lot
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Christ Embassy Springfield, MA / Church

    Property Details for 500 Memorial Dr

    Year built
    2013
    Construction
    FRAME
    Lot size
    3.28 lot acres
    Property size
    88,603 SF
    Zone code
    111A
    Property type
    Motels
    APN
    CHIC M:0341 P:00009
    APU
    CHICM0341P00009

    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
    -72.5795
    Latitude
    42.1723
    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
    $250,105
    $1,041,300
    $6,828,600
    $7,869,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • 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
      43,456 SF

      463 Memorial Dr

      MOTEL • 43,456 SF
      463 Memorial Dr, Chicopee, MA 01020-5031
      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 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

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      Thriving Country Restaurant - Chicopee, MA

      Established Restaurant, Turnkey Opportunity, High Occupancy
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      Well-maintained property with rental income and potential office space.
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      Chicopee Land For Sale

      Land available for sale in Chicopee, Massachusetts.
      896 E Main St, 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
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    • Contact for pricing

      Versatile Commercial Space in Chicopee

      Commercial space suitable for retail or office use.
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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.
      59 Kirby 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
      3,654 SF

      Former Restaurant Space Available

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

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      1.4k
    • Avg Time on site
      515 min
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    500 Memorial Dr
    Chicopee, MA 01020-5071
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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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