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Property profile & analytics
OFF-MARKET
Commercial real estate
10 Covey Rd Burlington, CT 06013-1720
Individually Owned
14-yr Hold
Absentee Owner
Property ID
US15-1031438
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.69 ac (117,046 SF)
Zoning code
CB
APN
BURL M:12-04 L:17
UPID
US15-1031438
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
-
The Burlington Academy of Learning High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Burlington Academy Props · 14 yrs held
Burlington Academy Props
since 2012
7 recorded transactions
Zoning & alternative use
CB · Burlington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
240.58 ac
Source
Realmo
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,955
Tax year 2024
Assessed value
$654,640
Assessed 2024
Previous assessed
$654,640
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$114,940
Assessed improvement
$539,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
3
Units
1
Lot
2.69 ac (117,046 SF)
Zoning code
CB
APN
BURL M:12-04 L:17
UPID
US15-1031438
Jurisdiction
BURLINGTON
Zoning & alternative use
CB · Burlington, CTZoning CB · permitted uses
CB · Burlington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
240.58 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
3
Units
1
Lot
2.69 ac
Current owner
From public records · entity-resolved
Burlington Academy Props
Individual
Mailing address
4 COVEY RD, BURLINGTON, CT 06013-1720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
Burlington Academy Props
—
Deed
related
$1,292,000 · Webster Bank
Jan 13, 2020
—
Burlington Academy Props
—
Deed
related
$200,000 · Newtek Small Busn Fin
Jan 17, 2017
—
Burlington Academy Props
—
Deed
related
$25,000 · Carl M JR Coppola
Jul 30, 2012
$1
Burlington Academy Props
Covey Meadow Common LLC
Warranty Deed
related
—
Jul 30, 2012
—
Covey Meadow Common LLC
—
Deed Of Trust
related
$1,431,126 · Burlington Academy Properties LLC
Dec 28, 2004
$1,163,250
Covey Meadow Common LLC
Burlington Dev Co LLC
Warranty Deed
$862,500 · Hudson United Bank
Dec 23, 2002
—
Burlington Dev Co LLC
—
Deed Of Trust
related
$385,500 · Farmington Savings Bank
Oct 19, 1994
—
Burlington Dev Co
—
Deed Of Trust
related
$630,000 · Peoples Bank
Aug 19, 1988
—
Burlington Devel Co
—
Deed Of Trust
related
$350,000 · United Bank & Trust Co
—
—
Burlington Academy Props
—
Deed Of Trust
related
$200,000 · Newtek Small Busn Fin
—
—
Burlington Academy Props
—
Deed Of Trust
related
$25,000 · Carl M JR Coppola
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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