Financial
Distress signals
Property profile

405 New State Rd Manchester, CT 06042

OFF-MARKET
Industrial properties
Property ID
US15-0342471
11,280 SF 4.11 ac lot Built 1990
Last sale Aug 2024 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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 · 2024

What does the county charge?
$17k
Tax billed · 2024
Assessed value$445k
Assessed land$212k
Assessed improvement$233k
Effective rate3.87%

Value estimate

· Sep 2026
$1.20M
$1.08M – $1.32M
AI approach$1.20M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$56/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$24 – $74
Qualifying comparables4

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?
IND
An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in r...
General categoryINDUSTRIAL
JurisdictionMANCHESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.3
Law Firm14.9
Spa & Massage14.6

Location

405 New State Rd Manchester, CT 06042-1805
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
63 Sanrico, Manchester, CT 06042-2224 $700,000 Dec 2025 7,910 SF
78 Batson, Manchester, CT 06042-1657 $880,000 May 2025 7,525 SF
1627 Tolland, Manchester, CT 06042-1639 $700,000 Mar 2024 7,800 SF
3 Mitchell, Manchester, CT 06042-2317 $350,000 Feb 2022 12,188 SF
150 Batson, Manchester, CT 06042-1694 $670,000 Dec 2020 13,274 SF
10 Hilliard, Manchester, CT 06042-3002 $95,000 Nov 2020 8,030 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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