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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Showrooms
85 Arch St, New Britain, CT 06051-2514
Entity Owned
20-yr Hold
Free & Clear
Property ID
US15-1276554
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Construction
STEEL FRAME
Total area
22,388 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD
APN
NBRI M:C8B B:45
UPID
US15-1276554
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
-
Friendship Service Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$665k
Owner & transaction history
Friendship Svc Ctr INC · 20 yrs held
Friendship Svc Ctr INC
since 2005
7 recorded transactions
Zoning & alternative use
CBD · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$30 / 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
$20,987
Tax year 2023
Assessed value
$548,240
Assessed 2023
Previous assessed
$548,240
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$30,170
Assessed improvement
$518,070
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
3
Units
13
Bathrooms
12
Total area
22,388 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD
APN
NBRI M:C8B B:45
UPID
US15-1276554
Jurisdiction
NEW BRITAIN
Zoning & alternative use
CBD · New Britain, CT
Zoning CBD · permitted uses
CBD · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Units
13
Bathrooms
12
Lot
0.3 ac
Current owner
From public records · entity-resolved
Friendship Svc Ctr INC
Entity
Free & Clear · 20 yrs held
Mailing address
85 ARCH ST, NEW BRITAIN, CT 06051-2514
Ownership since
2005
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
May 29, 2009
—
Friendship Svc Center INC
—
Deed Of Trust
related
$6,866,395 · Ct Housing Fin Auth
Oct 28, 2005
$50,000
Friendship Svc Ctr INC
New Britain City Of
Grant Deed
—
Mar 3, 1998
$65,000
New Britain City Of
Equity Bank
Grant Deed
related
—
Feb 28, 1996
—
Filipos Nikolaidis
—
Deed Of Trust
related
$25,000 · Equity Bank
Sep 29, 1994
—
Filipos L Nikolaidis
—
Deed Of Trust
related
$56,159 · New Britain City Of
Aug 2, 1994
—
Filipos L Nikolaidis
—
Deed Of Trust
related
$220,000 · Equity Bank
Dec 27, 1991
—
Filipos Nikolaidis
—
Deed Of Trust
related
$150,000 · Equity Bank
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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