Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    749 Memorial Dr Chicopee, MA 01020-5022

    • Retail space
    • 3,480 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $1,515,000
    Last Sale
    Dec 31, 2021
    $1,525,000
    Location Intelligence
    Property ID
    US38-1851763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant

    Property Details for 749 Memorial Dr

    Year built
    1979
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    3,480 SF
    Zone code
    111
    Property type
    Retail space
    APN
    CHIC M:0425 P:00040
    APU
    CHICM0425P00040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,390,000
      6.5%
      $1,400,000
      7%
      $1,570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,730,000
      Geo Method
      $1,745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,355,000
      Retail
      $1,565,000
      Mixed-Use
      $1,440,000
      Hospitality
      $1,300,000
      Educational
      $1,515,000
      Residential Income
      $1,260,000
      Energy
      $1,700,000
      Income-Based Land
      $1,675,000
      Food Service
      $1,575,000

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5763
    Latitude
    42.1781
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,760
    $222,700
    $556,400
    $779,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      2,340 SF

      643 Prospect St

      RETAIL STORES (PERSONAL SERVICES) • 2,340 SF
      643 Prospect St, Chicopee, MA 01020-3047
      View Details
    • Value Estimation
      $355,000
      7,904 SF

      37 Telegraph Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,904 SF
      37 Telegraph Ave, Chicopee, MA 01020-3021
      View Details
    • Value Estimation
      $345,000
      1,440 SF

      1177 Granby Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      1177 Granby Rd, Chicopee, MA 01020-1566
      View Details
    • Value Estimation
      $320,000
      2,700 SF

      659 Grattan St

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      659 Grattan St, Chicopee, MA 01020-1262
      View Details
    • Value Estimation
      $210,000
      1,503 SF

      205 Grattan St

      RETAIL STORES (PERSONAL SERVICES) • 1,503 SF
      205 Grattan St, Chicopee, MA 01020-1335
      View Details
    • Value Estimation
      $375,000
      6,800 SF

      153 Grv St

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
      153 Grv St, Chicopee, MA 01020-1817
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Space in Chicopee

      Commercial space suitable for retail or office use.
      5 Willow St, Chicopee, MA 01020
      View Details
    • $699,900

      Versatile Commercial Property with Elevator

      Commercial property featuring two units, parking, and renovation potential.
      52 Gladdu Ave, Chicopee, MA 01020
      View Details
    • $300,000

      Commercial Office or Retail Space

      Three-story commercial building with updates, signage, and parking.
      1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $449,900

      Retail and Office Investment Opportunity

      Well-maintained property with rental income and potential office space.
      635 Prospect St, Chicopee, MA 01020
      View Details
    • $450,000
      3,878 SF

      Commercial Buildings on Memorial Drive

      Two buildings with office and retail space on Memorial Drive.
      1839-1847 Memorial Dr, Chicopee, MA 01020
      View Details
    • $290,000

      Mixed-Use Property in Cuenca, Ecuador

      Mixed-use property with commercial spaces and apartments in Cuenca, Ecuador.
      9 Cuenca Ecuador, Chicopee, MA 01020
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo

      Chicopee Falls Retail/Office Space

      Retail or office space for lease in Chicopee Falls.
      155 East St, Chicopee, MA 01020
      View Details
    • $24 SF/Yr
      800 SF

      Chicopee Falls Retail/Office Space

      800 SF retail or office space for lease.
      151 East St, Chicopee, MA 01020
      View Details
    • $8,000 /Mo
      4,000 SF

      Retail Space on Memorial Drive

      Retail space available with high traffic and signalized access.
      451-455 Memorial Dr, Chicopee, MA 01020
      View Details
    • $8,000 /Mo

      Retail Space on Memorial Drive

      Retail space available with high traffic and signalized access.
      451 Memorial Dr, Chicopee, MA 01020
      View Details
    • $16 SF/Yr

      Versatile Retail Space Available

      1,800 sq ft retail space with high ceilings.
      55 Main St, Chicopee, MA 01020
      View Details
    • Contact for pricing
      15,922 SF

      Retail Space in Chicopee Center

      Retail space available in a busy Chicopee shopping center.
      591 Memorial Dr, Chicopee, MA 01020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    749 Memorial Dr
    Chicopee, MA 01020-5022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.