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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Banks
1 Sherman Hl Rd Woodbury, CT 06798-3698
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0414030
Property summary
AI-generated overview
This two-story, 12,524-square-foot Class B office building at 1 Sherman Hill Rd., Woodbury, CT, offers multiple leasing options. Currently, 6,134 square feet are available, divisible into units ranging from 347 to 4,402 square feet. The building features a mix of traditional, medical, and creative office spaces, ideal for various professional uses. One first-floor suite (4,402 sq ft) is a former bank with a drive-thru. Other available spaces include 1,029 sq ft, 356 sq ft, and 347 sq ft. Monthly lease rates vary depending on the suite size, ranging from approximately $577 to $7,318, plus utilities. Some suites include utilities in the lease price. The property boasts ample parking, an excellent location with high visibility on Main St. S. and Sherman Hill Rd. (average daily traffic: 19,600 vehicles), and great signage opportunities. Built in 1974, the building has an 8-foot ceiling height, one elevator, and is situated on a 3.53-acre lot. Property taxes are $2.71 per square foot. The zoning is MQ-A. This is a fantastic opportunity for businesses seeking a well-located, versatile office space in Woodbury, CT.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,020 SF
Lot
3.53 ac (153,767 SF)
Zoning code
MQ-A
APN
WOOD M:102 B:028A
UPID
US15-0414030
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
-
Grady & Riley LLP Law Firm
-
Wj Burton Insurance Agency
-
ATM (Wells Fargo Bank) Atm
-
Grady Francis J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.55M
Owner & transaction history
1 Sherman Hill Road LLC · 4 yrs held
1 Sherman Hill Road LLC
since 2022
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
MQ-A · Woodbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+20.9%
Commercial (general)
$1.7M
+19.5%
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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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
$1,820,000
ML approach
$1,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,395,000
Current use
RESTAURANT
$1,685,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,665,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$1,315,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,300,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,280,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.50M (Jul 8 2022)
Last sale anchor
$1.50M
Jul 8 2022
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
$119 / 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
$34,917
Tax year 2023
Assessed value
$1,201,550
Assessed 2023
Previous assessed
$1,201,550
+0.0% YoY
Effective rate
2.91%
On assessed value
Assessed land
$103,630
Assessed improvement
$1,097,920
Applied tax rate
244.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
9
Bathrooms
3
Total area
13,020 SF
Lot
3.53 ac (153,767 SF)
Zoning code
MQ-A
APN
WOOD M:102 B:028A
UPID
US15-0414030
Jurisdiction
WOODBURY
Zoning & alternative use
MQ-A · Woodbury, CT
Zoning MQ-A · permitted uses
MQ-A · Woodbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
FINANCIAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
9
Bathrooms
3
Lot
3.53 ac
Current owner
From public records · entity-resolved
1 Sherman Hill Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 SHERMAN HL RD, WOODBURY, CT 06798-3698
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$1,500,000
1 Sherman Hill Road LLC
Wells Fargo Bank NA
Warranty Deed
—
Mar 15, 2004
—
Barclay Sq Assc
—
Deed Of Trust
related
$326,182 · Louis Gagon
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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