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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Office buildings
415 Silas Deane Hwy Wethersfield, CT 06109-2124
Entity Owned
~
Est. High Equity
Property ID
US15-0926109
Property summary
AI-generated overview
This exceptional three-story retail building, located at 415 Silas Deane Highway in Wethersfield, Connecticut (06109), offers 20,070 square feet of completely vacant space. Currently zoned O, this property boasts a total of two suites, with a minimum divisible space of 1,070 square feet and a maximum contiguous space of 19,000 square feet. Built in 1970 and situated on a 0.86-acre lot, the building features convenient elevator access, ample parking, and large windows providing abundant natural light. The entire building has undergone a complete remodel, ensuring a modern and functional workspace. Its prime location on Silas Deane Highway offers excellent visibility and accessibility, with proximity to major roadways and local amenities. The property's Hartford County location and APN 766666 further identify this exceptional opportunity. This is an ideal location for businesses seeking high visibility and convenient access in a thriving Connecticut market. The building's recent renovation ensures a modern and efficient space ready for immediate occupancy. The flexible suite sizes cater to a variety of business needs, making this a truly versatile retail opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,440 SF
Lot
0.86 ac (37,462 SF)
Zoning code
O
APN
WETH M:208 B:022
UPID
US15-0926109
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
-
Karol Opticians Ophthalmologist (Bike/Boat/Book/etc) Store
-
Migdalia Rivera Arzola Physician Medical Clinic
-
Roger Troie Ophthalmologist (Bike/Boat/Book/etc) Store
-
Yardezone Inc Business Service Center
-
Connecticut Maxillofacial Surgeons, llc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.21M
Owner & transaction history
Me Exchange LLC
Me Exchange LLC
since 2025
3 recorded transactions
Zoning & alternative use
O · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+34.5%
Auto repair, garage
$1.7M
+19.2%
Apartment house (5+ units)
$1.7M
+16.4%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
$1,355,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,460,000
Current use
RETAIL STORES
$1,965,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,740,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,700,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,700,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10%
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
$62 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$48,610
Tax year 2023
Assessed value
$1,163,480
Assessed 2023
Previous assessed
$1,163,480
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$352,800
Assessed improvement
$810,680
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
4
Units
15
Total area
19,440 SF
Lot
0.86 ac (37,462 SF)
Zoning code
O
APN
WETH M:208 B:022
UPID
US15-0926109
Jurisdiction
WETHERSFIELD
Zoning & alternative use
O · Wethersfield, CT
Zoning O · permitted uses
O · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
Yes
Stories
4
Buildings
1
Units
15
Lot
0.86 ac
Current owner
From public records · entity-resolved
Me Exchange LLC
Entity
Mailing address
415 SILAS DEANE HWY STE #303, WETHERSFIELD, CT 06109-2124
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
$2,150,000
Me Exchange LLC
Adc Holdings Ne LLC
Warranty Deed
—
May 20, 2022
$1,350,000
Adc Holdings LLC
Sponzo&associates LLC
Warranty Deed
$1,590,236 · Baycoast Bank
Dec 17, 1992
—
Michael J Sponzo
—
Deed Of Trust
related
$600,000 · Glastonbury Bank & Trust
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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