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Property profile & analytics
OFF-MARKET
Estimated value
$16,265,000
Commercial real estate
107 Selden St Berlin, CT 06037-1616
Entity Owned
9-yr Hold
Free & Clear
Property ID
US15-0985504
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
109,079 SF
Lot
110.62 ac (4,818,607 SF)
Zoning code
OT
APN
BERL M:5-1 B:122 L:1 U:7867
UPID
US15-0985504
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
-
CT Horse Council Association Or Organization
-
Eversource Energy Gas Company Electric Utility Company
-
Dutch Point Credit Union Credit Union
-
Hartford BOMA Association Or Organization
-
Rocky River Realty Co Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.07M
Blend (final)
Blend
$16.27M
Owner & transaction history
Conn Light & Power Co · 9 yrs held
Conn Light & Power Co
since 2016
1 recorded transaction
Zoning & alternative use
OT · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.7M
+80.9%
Retail stores
$12.6M
+21.8%
Office building
$12.0M
+16.6%
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,310,000
Current use
RESTAURANT
$18,650,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$12,555,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$12,020,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,940,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,025,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$16.27M
Range $14.64M – $17.89M · ±10%
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
$149 / 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
$2,412,451
Tax year 2023
Assessed value
$81,612,000
Assessed 2023
Previous assessed
$81,612,000
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$7,387,800
Assessed improvement
$74,224,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
YES
Buildings
9
Stories
2
Units
1
Total area
109,079 SF
Lot
110.62 ac (4,818,607 SF)
Zoning code
OT
APN
BERL M:5-1 B:122 L:1 U:7867
UPID
US15-0985504
Jurisdiction
BERLIN
Zoning & alternative use
OT · Berlin, CT
Zoning OT · permitted uses
OT · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.3M
RESTAURANT
Est. value
$18.7M
RETAIL STORES
Est. value
$12.6M
OFFICE BUILDING
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
9
Units
1
Lot
110.62 ac
Current owner
From public records · entity-resolved
Conn Light & Power Co
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 270, HARTFORD, CT 06141-0270
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2016
—
Conn Light & Power Co
Rocky River Realty Co
Quit Claim Deed
related
—
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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