Realmo Analytics

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Property profile

688 Prospect St Chicopee, MA 01020

FOR SALE
Other investment properties
Property ID
US38-1233019
0.25 ac lot Built 1970
Last sale Oct 2022 · $217,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years.
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Property summary

AI-generated overview

This commercial unit is configured with a large main work area, a separate private office room, and interior amenities including a full bathroom and a kitchen area suitable for a breakroom. The basement is described as fully usable, providing additional interior space for operational needs within the same suite. The property is located in the Fairview section of Chicopee on a busy road near Memorial Drive, providing street-facing presence. The space is laid out to support front-of-suite work in…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2015

What does the county charge?
$4k
Tax billed · 2015
Assessed value · 2024$235k
Assessed land$134k
Assessed improvement$101k
Effective rate1.50%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$215k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 868.87% cap applied$13k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$85/SF
Submarket average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$52 – $119

Cap rate analysis

How does the asset earn?
868.87%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
107
JurisdictionCHICOPEE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.9
Realty agency12.7
Bakery10.0

Location

688 Prospect St Chicopee, MA 01020
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
803 James, Chicopee, MA 01020-3982 $338,633 May 2025 23,291 SF
14 Sheridan, Chicopee, MA 01020-2724 $385,000 Jun 2024 2,004 SF
591 Grattan, Chicopee, MA 01020-1509 $650,000 Mar 2024 7,131 SF
109 Church, Chicopee, MA 01020-1814 $270,000 Jan 2024 4,437 SF
8 Maple, Chicopee, MA 01020-2627 $265,000 Aug 2023 No data
1517 Memorial, Chicopee, MA 01020-3900 $575,000 Aug 2023 4,548 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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