Property profile

639 Memorial Dr Chicopee, MA 01020

OFF-MARKET
Turn key restaurants
Property ID
US38-0743400
3,927 SF 0.7 ac lot Built 2014
Individually Owned 29-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 STEEL FRAME
Total area 3,927 SF
Lot 0.7 ac (30,535 SF)
Zoning code 111A
APN CHIC M:0397 P:00009
UPID US38-0743400

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

639 Memorial Dr Chicopee, MA 01020-5057
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
$896k
Blend (final) Blend
$645k

Owner & transaction history

since 1996
1 recorded transaction
1996
Price N/A

Zoning & alternative use

111A · Chicopee, MA
Top alternative use upside
Retail stores $550,000 +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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