Financial
Distress signals
Property profile

505 New Britain Rd Berlin, CT 06037

OFF-MARKET
Other retail properties
Property ID
US15-0592815
3,487 SF 0.1 ac lot Built 1900
Last sale Apr 2023 · $280,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a mixed-use building containing four total units: one commercial space on the main level and three residential units. It includes a full walk-out basement, currently used for storage, with additional potential for use depending on configuration. Documented improvements include an asphalt roof completed in 2016, a flat roof completed in 2023, a water heater installed in 2020, forced hot-air heating installed in 2000, and an upgraded electrical service completed in 2000. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$234k
Assessed land$58k
Assessed improvement$176k
Effective rate2.96%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$290k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$115/SF
County average, outlier-cleaned · 119 recorded sales of this use type
Observed band · Q1–Q3$65 – $171

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CCD-2
General categoryCOMMERCIAL
JurisdictionBERLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.3
HVAC Service11.2
Furniture Store10.4

Location

505 New Britain Rd Berlin, CT 06037-2134
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
658 Berlin, Berlin, CT 06037-2440 $275,000 Mar 2025 4,000 SF
144 New Britain, Berlin, CT 06037 $2,797,399 Nov 2024 3,233 SF
398 Chamberlain, Berlin, CT 06037-1926 $227,000 May 2024 3,121 SF
226 New Britain, Berlin, CT 06037-1373 $470,000 Dec 2023 2,763 SF
1762 Berlin, Berlin, CT 06037-3616 $450,000 Sep 2022 3,328 SF
1011 Farmington, Berlin, CT 06037-2218 $270,000 Aug 2021 2,652 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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