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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Specialty properties
505 Frnt St, Chicopee, MA 01013-3140
Entity Owned
16-yr Hold
Free & Clear
Property ID
US38-1655933
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1950
Construction
STEEL FRAME
Total area
17,424 SF
Lot
1.97 ac (85,620 SF)
Zoning code
101
APN
CHIC M:0099 P:00007
UPID
US38-1655933
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.98M
Owner & transaction history
Holyoke Health Center INC · 16 yrs held
Holyoke Health Center INC
since 2009
5 recorded transactions
Zoning & alternative use
101 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+60.8%
Restaurant
$2.3M
+54.5%
Auto repair, garage
$1.8M
+19.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicopee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicopee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,515,000
Current use
RETAIL STORES
$2,435,000
Change: +61% · Conversion: Difficult
RESTAURANT
$2,340,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,810,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$1,600,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,510,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$2,812,100
Assessed 2024
Previous assessed
$2,812,100
+0.0% YoY
Assessed land
$295,500
Assessed improvement
$2,516,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
17,424 SF
Lot
1.97 ac (85,620 SF)
Zoning code
101
APN
CHIC M:0099 P:00007
UPID
US38-1655933
Jurisdiction
CHICOPEE
Zoning & alternative use
101 · Chicopee, MA
Zoning 101 · permitted uses
101 · Chicopee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chicopee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.5M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Holyoke Health Center INC
Entity
Free & Clear · 16 yrs held
Mailing address
230 MAPLE ST, HOLYOKE, MA 01040-5144
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2009
$4,470,745
Holyoke Health Center INC
Bernies,jay
Grant Deed
—
Jan 31, 2007
$585,000
Chicopee Hc LLC
Holyoke Health Center INC
Grant Deed
$4,442,663 · Ncbdc Cde 20 LLC
Sep 1, 2005
$585,000
Holyoke Health Center INC
Kosiorek Rlty INC
Grant Deed
—
Dec 20, 2004
$190,000
Kosiorek Realty INC
Kosiorek Realty INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 3, 2003
$415,000
Midland Farm Chicopee INC
Kosiorek Realty INC
Grant Deed
$315,000 · Kosiorek Realty INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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