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    Property profile & analytics

    501 Memorial Dr Chicopee, MA 01020-5036

    • Turn key restaurants
    • 4,749 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1921191
    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

    • Chick-fil-A / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 501 Memorial Dr

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.32 lot acres
    Property size
    4,749 SF
    Zone code
    111A
    Property type
    Turn key restaurants
    APN
    CHIC M:0341 P:0004A
    APU
    CHICM0341P0004A

    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
    -72.5765
    Latitude
    42.1714
    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
    $38,851
    $419,100
    $803,400
    $1,222,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,425 SF

      1460 Memorial Dr

      RESTAURANT • 5,425 SF
      1460 Memorial Dr, Chicopee, MA 01020-3964
      View Details
    • Value Estimation
      $290,000
      1,917 SF

      415 Ee St

      RESTAURANT • 1,917 SF
      415 Ee St, Chicopee, MA 01020-4181
      View Details
    • Value Estimation
      $415,000
      1,714 SF

      1535 Memorial Dr

      RESTAURANT • 1,714 SF
      1535 Memorial Dr, Chicopee, MA 01020-3932
      View Details
    • Value Estimation
      $295,000
      2,006 SF

      300 Carew St

      RESTAURANT • 2,006 SF
      300 Carew St, Chicopee, MA 01020-3316
      View Details
    • Value Estimation
      $185,000
      480 SF

      1048 Granby Rd

      RESTAURANT • 480 SF
      1048 Granby Rd, Chicopee, MA 01020-1525
      View Details
    • Value Estimation
      $285,000
      3,379 SF

      749 James St

      RESTAURANT • 3,379 SF
      749 James St, Chicopee, MA 01020-3915
      View Details

    Similar Nearby for Sale

    • $169,000

      Restaurant Business For Sale

      Restaurant business for sale with furniture and fixtures included.
      771 Burnett Rd, Chicopee, MA 01020
      View Details
    • $159,900

      Turn-Key Bar & Restaurant Opportunity

      Established bar and restaurant with loyal customer base for sale.
      1747 Westover Rd, Chicopee, MA 01020
      View Details
    • $699,900

      Versatile Commercial Property with Elevator

      Commercial property featuring two units, parking, and renovation potential.
      52 Gladdu Ave, Chicopee, MA 01020
      View Details
    • $169,000
      6,500 SF

      Thriving Country Restaurant - Chicopee, MA

      Established Restaurant, Turnkey Opportunity, High Occupancy
      769 Burnett Rd, Chicopee, MA 01020
      View Details
    • $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
    • $449,900

      Retail and Office Investment Opportunity

      Well-maintained property with rental income and potential office space.
      635 Prospect St, Chicopee, MA 01020
      View Details

    Similar Nearby for Lease

    • 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
    • $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
      103.8k
    • Visitors by month
      76.8k
    • Avg Time on site
      16 min
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    501 Memorial Dr
    Chicopee, MA 01020-5036
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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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