Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    880 Burnett Rd Chicopee, MA 01020-2769

    • Warehouses
    • 85,518 SF
    • 15.74 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2024
    $6,020,000
    Value Estimations
    $6,020,000
    Show details
    Cap Rate Potential
    9.2%
    Warehouses
    Location Intelligence
    Property ID
    US38-1676271
    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

    • Quality Beverage / Big Box & Wholesale Store / Distribution Center
    • Williams Distributing Company, Inc. / Big Box & Wholesale Store / Distribution Center
    • Williams Park parking / Parking Lot & Garage

    Property Details for 880 Burnett Rd

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    15.74 lot acres
    Property size
    85,518 SF
    Zone code
    109
    Property type
    Warehouses
    APN
    CHIC M:0380 P:00017
    APU
    CHICM0380P00017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,020,000
      ML approach
      $6,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,439,000
      Market price range: $2.05M - $5.44M
      AI Estimate
      $6,019,000
      Market price range: $1.71M - $6.02M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,370,000
      Current use
      AUTO REPAIR, GARAGE
      $8,880,000
      Change: +103% Conversion: Easy
      OFFICE BUILDING
      $7,845,000
      Change: +79% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,250,000
      Change: +66% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,800,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5317
    Latitude
    42.1766
    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
    $189,955
    $977,600
    $4,999,600
    $5,977,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      15,946 SF

      675 Fuller Rd

      WAREHOUSE, STORAGE • 15,946 SF
      675 Fuller Rd, Chicopee, MA 01020-3754
      View Details
    • Value Estimation by Request
      6,160 SF

      658 Fuller Rd

      WAREHOUSE, STORAGE • 6,160 SF
      658 Fuller Rd, Chicopee, MA 01020-3711
      View Details
    • Value Estimation by Request
      4,920 SF

      781 Ludlow Rd

      WAREHOUSE, STORAGE • 4,920 SF
      781 Ludlow Rd, Chicopee, MA 01020-4484
      View Details
    • Value Estimation
      $1,040,000
      29,982 SF

      20 1st Ave

      WAREHOUSE, STORAGE • 29,982 SF
      20 1st Ave, Chicopee, MA 01020-4619
      View Details
    • Value Estimation
      $635,000
      45,334 SF

      30 Buckley Blvd

      WAREHOUSE, STORAGE • 45,334 SF
      30 Buckley Blvd, Chicopee, MA 01020-2206
      View Details
    • Value Estimation
      $520,000
      19,325 SF

      107 Chicopee St

      WAREHOUSE, STORAGE • 19,325 SF
      107 Chicopee St, Chicopee, MA 01020-2216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Retail Property in Chicopee, MA

      Retail property available for sale in Chicopee, Massachusetts.
      769 Burnett Rd, Chicopee, MA 01020
      View Details
    • $350,000

      Commercial Land with Development Potential

      Commercial property with existing structure and development possibilities.
      523 James St, Chicopee, MA 01020
      View Details
    • Contact for pricing
      13,200 SF

      24-Unit Multifamily Property in Chicopee

      Multifamily property with value-add opportunity in a prime location.
      2053 Memorial Dr, Chicopee, MA 01020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,354 SF

      Chicopee Industrial/Warehouse Space Available

      Industrial/warehouse space for lease near Mass Pike in Chicopee, MA.
      33 Haynes Cir, Chicopee, MA 01020
      View Details
    • Contact for pricing
      15,000 SF

      New Construction Industrial Flex-Space

      New construction industrial flex-space available for lease in Spring 2026.
      821 E Main St, Chicopee, MA 01020
      View Details
    • Contact for pricing

      New Construction Industrial Flex-Space

      New construction industrial flex-space available Spring 2026, close to I-291.
      821 East Main St, Chicopee, MA 01020
      View Details
    • Contact for pricing

      Chicopee Commercial Property For Rent

      Versatile commercial property with flexible floor plans in Chicopee.
      30 Buckley Blvd, Chicopee, MA 01020
      View Details
    • Contact for pricing
      14,407 SF

      Retail Space Next to Big Y

      End-cap retail space available for sublease near Mass Pike.
      650 Memorial Dr, Chicopee, MA 01020
      View Details
    • Contact for pricing
      4,200 SF

      Springfield/Chicopee Retail Space Available

      4,200 SF retail space in a 444,000 SF shopping center.
      93 Kirby St, 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.
    880 Burnett Rd
    Chicopee, MA 01020-2769
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!