Property profile

501 Memorial Dr Chicopee, MA 01020

OFF-MARKET
Turn key restaurants
Property ID
US38-1921191
4,749 SF 1.32 ac lot Built 2014
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2014
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,749 SF
Lot 1.32 ac (57,499 SF)
Zoning code 111A
APN CHIC M:0341 P:0004A
UPID US38-1921191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

501 Memorial Dr Chicopee, MA 01020-5036
Chicopee metro Census 810601 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$865k
Blend (final) Blend
$830k

Owner & transaction history

since 2013
1 recorded transaction
2013
$250,000

Zoning & alternative use

111A · Chicopee, MA
Top alternative use upside
Retail stores $665,000 +4.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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