New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Industrial properties
1 Grv St New Britain, CT 06053-4116
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-1049024
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1903
Construction
STEEL FRAME
Total area
157,747 SF
Lot
2.48 ac (108,029 SF)
Zoning code
CBD
APN
NBRI M:C7B B:2
UPID
US15-1049024
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
-
Fraternal Order of Police Volunteer Organization Community Center
-
Dr. Stephanie A. Garozzo, MD Physician
-
Dr. Kirsten Kibler Physician
-
Dr. Kirsten Kibler, MD Physician
-
Christina Acocella, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
4702 2nd Ave Corp · 7 yrs held
4702 2nd Ave Corp
since 2018
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$13 / 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
$131,635
Tax year 2023
Assessed value
$3,438,750
Assessed 2023
Previous assessed
$3,438,750
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$124,670
Assessed improvement
$3,314,080
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1903
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
6
Units
7
Rooms
2
Total area
157,747 SF
Lot
2.48 ac (108,029 SF)
Zoning code
CBD
APN
NBRI M:C7B B:2
UPID
US15-1049024
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
1903
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
1
Units
7
Rooms
2
Lot
2.48 ac
Current owner
From public records · entity-resolved
4702 2nd Ave Corp
Entity
Mailing address
59 HOOK RD STE #420, BAYONNE, NJ 07002-5006
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
4702 2nd Ave Corp
101 53rd Street Co LLC
Quit Claim Deed
related
$2,123,393 · Peoplesbank (holyoke Ma)
Apr 1, 2008
$8,190,750
4702 2nd Avenue Corp
Empire Dev Grp LLC
Warranty Deed
$5,940,750 · Zenon Grzybowski
Oct 15, 2003
—
Empire Dev Grp LLC
—
Deed Of Trust
related
$1,200,000 · Banknorth NA
May 13, 2002
—
Empire Dev Group LLC
—
Deed Of Trust
related
$280,000 · American Savings Bank
Jun 5, 2000
—
Empire Dev Group LLC
—
Deed Of Trust
related
$140,000 · American Bank Of Conneticut
Sep 5, 1996
—
Empire Dev Group LLC
—
Deed Of Trust
related
$450,000 · American Bank Of Conneticut
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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