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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
505 Memorial Dr, Chicopee, MA 01020-5036
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2135615
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ALDI Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Panini Properties Ma LLC · 4 yrs held
Panini Properties Ma LLC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
111A · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$73,199
Tax year 2024
Assessed value
$2,303,300
Assessed 2024
Previous assessed
$2,303,300
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$1,127,000
Assessed improvement
$1,176,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
18,316 SF
Lot
3.55 ac (154,638 SF)
Zoning code
111A
APN
CHIC M:0341 P:00004
UPID
US38-2135615
Jurisdiction
CHICOPEE
Zoning & alternative use
111A · Chicopee, MA
Zoning 111A · permitted uses
111A · 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.
Building & site characteristics
From public records
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
Panini Properties Ma LLC
Entity
Mailing address
295 RYE ST, SOUTH WINDSOR, CT 06074-1219
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
$450,000
Panini Properties Ma LLC
Synergic Solutions INC
Quit Claim Arm's Length For Ne States
$688,000 · Granite State Economic Development
Dec 21, 2015
$252,000
Synergic Solutions INC
Pasupleti,jayanth
Quit Claim Deed
—
Dec 21, 2011
$1,750,000
Aldi Ma LLC
Columbus Avenue Realty
Quit Claim Deed
—
Sep 25, 2008
—
Columbus Avenue Rlty LLC
—
Deed Of Trust
related
$2,800,000 · Chicopee Savings Bank
Dec 15, 2006
$2,200,000
Columbus Avenue Rlty LLC
Orr Rlty Assoc LLC
Grant Deed
—
Dec 7, 2004
$2,100,000
Orr Realty Assoc LLC
Argonaut Holdings INC
Grant Deed
$3,000,000 · Westfield Bank Fsb
Dec 7, 2004
—
Orr Realty Assoc LLC
—
Deed Of Trust
related
$200,000 · Westfield Bank Fsb
Aug 4, 1995
—
Donald F Pion
—
Deed Of Trust
related
$200,000 · Mathis Oldsmobile Bui
Jul 24, 1995
$1,850,000
Argonaut Hldgs INC
Cort,royce A
Grant Deed
—
Nov 10, 1993
—
Royce A Cort
—
Deed Of Trust
related
$225,000 · Gmac Mortgage Corp Pa
Oct 22, 1991
—
Royce A Cort
—
Deed Of Trust
related
$160,000 · Gm Acceptance Corp
Nov 15, 1990
—
Royce A Cort
—
Deed Of Trust
related
$200,000 · Ne Allbank For Svgs
Dec 29, 1988
—
Casey Chevrolet INC
—
Deed Of Trust
related
$2,100,000 · Ne Allbank For Svgs
Jan 7, 1987
—
Casey Chevrolet INC
—
Deed Of Trust
related
$830,000 · Bank Of New Eng, West
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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