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Property profile & analytics
OFF-MARKET
Parking lots & garages
114 Workman Ave Torrington, CT 06790-4848
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0729403
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1942
Construction
STEEL FRAME
Total area
1,536 SF
Lot
0.26 ac (11,326 SF)
Zoning code
R6
APN
TORR M:109 B:006 L:025
UPID
US15-0729403
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
-
Casi Paraiso Organics Food Processing Plant
-
Kartcatcher Insurance Agency
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
Jbartworks LLC · 3 yrs held
Jbartworks LLC
since 2023
Last sale
$165,000
6 recorded transactions
Zoning & alternative use
R6 · Torrington, 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 Torrington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Torrington 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,488
Tax year 2023
Assessed value
$72,730
Assessed 2023
Previous assessed
$72,730
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$27,420
Assessed improvement
$45,310
Applied tax rate
237.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1942
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,536 SF
Lot
0.26 ac (11,326 SF)
Zoning code
R6
APN
TORR M:109 B:006 L:025
UPID
US15-0729403
Jurisdiction
TORRINGTON
Zoning & alternative use
R6 · Torrington, CT
Zoning R6 · permitted uses
R6 · Torrington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Torrington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jbartworks LLC
Entity
Mailing address
114 WORKMAN AVE, TORRINGTON, CT 06790-4848
Ownership since
2023
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
Feb 21, 2023
$165,000
Jbartworks LLC
Larry Burnett
Warranty Deed
—
Feb 3, 2022
—
Larry Burnett
—
Deed
related
$150,000 · Maryann R Burnet
Nov 1, 2021
$150,000
Larry Burnett
Kristin Baker
Warranty Deed
—
Jun 20, 2016
$125,000
Kristin Baker
Quadland,michael
Warranty Deed
—
Dec 24, 2014
$90,000
Michael Quadland
Herrick Paul W Trust
Trustees Deed
—
May 7, 2008
$1
Paul W Herrick Ret
Herrick,paul W
Grant 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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