Property profile

Memorial Dr Chicopee, MA 01020

OFF-MARKET
Commercial real estate
Property ID
US38-0916008
4,687 SF 1.56 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,687 SF
Lot 1.56 ac (67,954 SF)
APN CHIC M:0369 P:0006A
UPID US38-0916008

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Memorial Dr Chicopee, MA 01020
Chicopee metro SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
$730k
Comparable Approach Comparable
$557k
Blend (final) Blend
$565k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Retail stores $655,000 +64.7%
Auto repair, garage $485,000 +22.5%
Office building $430,000 +8.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Memorial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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