Property profile

505 Memorial Dr Chicopee, MA 01020

OFF-MARKET
Grocery and convenience stores
Property ID
US38-2135615
18,316 SF 3.55 ac lot Built 2012
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2012
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,316 SF
Lot 3.55 ac (154,638 SF)
Zoning code 111A
APN CHIC M:0341 P:00004
UPID US38-2135615

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
  • Specialty Food Shop Supermarket

Location

505 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
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2022
Last sale
$450,000
7 recorded transactions
2022
$450,000
2015
$252,000
2011
$1.8M
2008
Price N/A
2006
$2.2M
2004
$2.1M
2004
Price N/A

Zoning & alternative use

111A · Chicopee, MA

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Memorial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message