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    821 Montgomery St Chicopee, MA 01013
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    Property profile & analytics

    821 Montgomery St, Chicopee, MA 01013

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    • Commercial real estate
    • 12.47 lot acres
    Off-Market
    Property ID
    US38-1639263
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 821 Montgomery St

    Lot size
    12.47 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 12.47-acre parcel presents a significant redevelopment opportunity in the heart of Chicopee, Massachusetts. Zoned RC - Residential C, this property offers substantial potential for a multi-family residential project. A conceptual plan suggests the possibility of six two-story buildings, potentially yielding approximately forty-two units each, though all interested parties must conduct their own due diligence to determine the maximum buildable potential. The site's location provides excellent access to major transportation arteries, including I-90 and I-91, placing it within easy reach of Holyoke and the broader Springfield metropolitan area. This prime location offers convenient access to amenities and a strong potential for attracting residents. The property is being offered without a list price on a Request for Proposal (RFP) basis. Interested parties are encouraged to conduct a thorough independent investigation to assess the feasibility and maximize the development potential of this exceptional land parcel. The address is 821 Montgomery Street, Chicopee, MA 01013, situated in Hampden County. Detailed site plans and further information are available upon request. This is a unique opportunity to acquire a substantial land holding in a desirable and rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5911037
    Latitude
    42.1802668

    Comparable in this City

    • Contact for pricing
      4,483 SF

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      Renovated three-family property with strong income and owner-occupant potential.
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      4,483 SF

      Turnkey Three-Family Investment Opportunity

      Renovated three-family property with strong income and owner-occupant potential.
      748 Grattan St, Chicopee, MA 01013
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      Pending

      Chicopee Triplex Investment Opportunity

      Turnkey, fully rented triplex in a desirable Chicopee location.
      40 Orchard St, Chicopee, MA 01013
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      Pending

      Chicopee Two-Family Property

      Well-maintained two-family property with updated first-floor unit.
      621 Chicopee St, Chicopee, MA 01013
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      Pending

      Chicopee Two-Family Home

      Two-family home in Chicopee, ideal for investors or owner-occupants.
      27 Abbey St, Chicopee, MA 01013
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      100,000 SF

      Historic Chicopee Mixed-Use Development Opportunity

      2+ acre site zoned commercial and industrial with development potential.
      35 Grape St, Chicopee, MA 01013
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    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Chicopee Two-Family Property

      Well-maintained two-family property with updated first-floor unit.
      621 Chicopee St, Chicopee, MA 01013
      View Details
    • Contact for pricing
      4,483 SF

      Turnkey Three-Family Investment Opportunity

      Renovated three-family property with strong income and owner-occupant potential.
      748 Grattan St, Chicopee, MA 01013
      View Details
    • Contact for pricing
      4,483 SF

      Turnkey Three-Family Investment Opportunity

      Renovated three-family property with strong income and owner-occupant potential.
      748 Grattan St, Chicopee, MA 01013
      View Details
    • Contact for pricing
      Pending

      Chicopee Triplex Investment Opportunity

      Turnkey, fully rented triplex in a desirable Chicopee location.
      40 Orchard St, Chicopee, MA 01013
      View Details
    • Contact for pricing
      100,000 SF

      Historic Chicopee Mixed-Use Development Opportunity

      2+ acre site zoned commercial and industrial with development potential.
      35 Grape St, Chicopee, MA 01013
      View Details
    • Contact for pricing
      3,552 SF

      Renovated Three-Family Home in Chicopee

      Fully renovated, lead-certified three-family home in Chicopee's Willimansett neighborhood.
      199-201 Meadow St, Chicopee, MA 01013
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    Similar Nearby for Lease

    • $9 SF/Yr
      156,000 SF

      New Industrial Build-to-Suit Opportunity

      Proposed 156,000 SF industrial building for lease in Chicopee.
      521 Meadow St, Chicopee, MA 01013
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      Flex/Industrial Unit with Drive-In Access

      Flex/industrial space with high ceilings and two drive-in doors for contractor and light industrial use.
      307 Meadow St, Chicopee, MA 01013
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    • $18 SF/Yr

      Downtown Chicopee Office Space Available

      Second floor office space for lease in downtown Chicopee.
      35 Center St, Chicopee, MA 01013
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      Inviting Commercial Space Available Now

      Spacious 1,500 sq. ft. commercial space with updated systems.
      257 Hampden St, Chicopee, MA 01013
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      Front Street Office Space Available

      800 SF office space for rent on Front Street.
      328 Front St, Chicopee, MA 01013
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    • Contact for pricing

      Educational Facility For Lease

      57,459 SF educational facility near center of Chicopee.
      134 Springfield St, Chicopee, MA 01013
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    821 Montgomery St
    Chicopee, MA 01013
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    821 Montgomery St, Chicopee, MA, 01013
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