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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
704 Memorial Dr, Chicopee, MA 01020-5019
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0204439
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,386 SF
Lot
0.24 ac (10,475 SF)
Zoning code
111
APN
CHIC M:0397 P:00003
UPID
US38-0204439
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
-
Hannoush Jewelers (Bike/Boat/Book/etc) Store
-
Footy r us Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$610k
Owner & transaction history
Ag Brothers LLC · 4 yrs held
Ag Brothers LLC
since 2021
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
111 · 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
Method
Estimation
Statistic approach
$610,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $625k (Dec 23 2021)
Last sale anchor
$625k
Dec 23 2021
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
$139 / 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
Tax billed
$17,803
Tax year 2024
Assessed value
$560,200
Assessed 2024
Previous assessed
$560,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$190,900
Assessed improvement
$369,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
4,386 SF
Lot
0.24 ac (10,475 SF)
Zoning code
111
APN
CHIC M:0397 P:00003
UPID
US38-0204439
Jurisdiction
CHICOPEE
Zoning & alternative use
111 · Chicopee, MA
Zoning 111 · permitted uses
111 · 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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Ag Brothers LLC
Entity
Free & Clear · 4 yrs held
Mailing address
59 INTERSTATE DR STE #2, WEST SPRINGFIELD, MA 01089-5100
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
$625,000
Ag Brothers LLC
Kyprea LLC
Warranty Deed
—
Jun 9, 2009
$355,574
Kyprea LLC
Childs,kent H
Grant Deed
—
May 18, 2009
$1
Kgre LLC
Childs,kent H
Grant Deed
—
Apr 28, 2009
$1
Kent H Childs
M Paulina Anderson Ret
Grant Deed
—
Apr 14, 2009
$1
M Paulina Anderson Ret
Repack LP
Grant Deed
—
Mar 29, 2005
—
Kent H Childs
—
Deed Of Trust
related
$600,000 · Zions First National Bank
Feb 27, 2004
—
Paulina Anderson
—
Deed Of Trust
related
$250,000 · Zions First National Bank
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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