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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Manufacturing properties
944 Sheridan St Chicopee, MA 01022-1031
Entity Owned
Free & Clear
Property ID
US38-1271557
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 944 Sheridan Street in Chicopee, Massachusetts, offers 10,000 square feet of flexible space ideal for manufacturing, distribution, or research and development. Built in 1985 and extensively renovated in 2024, this single-story building sits on a 1.39-acre lot in Hampden County. The property features a 14-foot ceiling height, providing ample vertical space for operations. Two drive-in doors (12ft and 10ft) ensure convenient loading and unloading. The space is currently entirely vacant and can be leased as a whole (10,000 sq ft) or subdivided to a minimum of 4,000 sq ft. Its prime location offers easy access to major highways, making it strategically advantageous for businesses reliant on efficient transportation and logistics. The property boasts ample outdoor space for parking, storage, or expansion. This is a rare opportunity to secure a well-maintained, modern industrial space in a desirable location. The zip code is 01022.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.39 ac (60,548 SF)
Zoning code
110
APN
CHIC M:00W1 P:00004
UPID
US38-1271557
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
-
JSD Mechanical Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$940k
Owner & transaction history
Procon Group LLC
Procon Group LLC
since 2025
Last sale
$940,000
7 recorded transactions
Zoning & alternative use
110 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+148.8%
Restaurant
$1.3M
+139.1%
Auto repair, garage
$1.0M
+85.0%
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
$940,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,395,000
Change: +149% · Conversion: Moderate
RESTAURANT
$1,340,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,040,000
Change: +85% · Conversion: Easy
OFFICE BUILDING
$915,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $940k (Aug 16 2024)
Last sale anchor
$940k
Aug 16 2024
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
$94 / 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
$17,358
Tax year 2024
Assessed value
$546,200
Assessed 2024
Previous assessed
$546,200
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$139,300
Assessed improvement
$406,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
10,000 SF
Lot
1.39 ac (60,548 SF)
Zoning code
110
APN
CHIC M:00W1 P:00004
UPID
US38-1271557
Jurisdiction
CHICOPEE
Zoning & alternative use
110 · Chicopee, MAZoning 110 · permitted uses
110 · Chicopee, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Procon Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
944 SHERIDAN ST, CHICOPEE, MA 01022-1031
Ownership since
2025
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
Oct 27, 2025
—
Procon Group LLC
Wrecker LLC
Quitclaim Deed
related
—
Aug 16, 2024
$940,000
Wreckers LLC
Tgtbt 2 LLC
Quit Claim Arm's Length For Ne States
$752,000 · Westfield Bank Fsb
Jan 5, 2012
$250,000
Tgtbt 2 LLC
41-43 Sheridan Realty LLC
Grant Deed
$250,000 · Peoples Bank Holyoke
Mar 6, 2009
$510,000
41-43 Sheridan Realty LLC
Ecker,margaret A
Grant Deed
$410,000 · Peoples Bank Holyoke
Apr 2, 2007
—
Robert J Ecker
—
Deed Of Trust
related
$277,200 · Wells Fargo Mortgage
Dec 18, 2002
—
Robert J Ecker
—
Deed Of Trust
related
$150,000 · Bank Of Western Massachusetts
Dec 18, 1996
—
Robert J Ecker
—
Deed Of Trust
related
$390,000 · Bank Of Western Massachusetts
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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