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Property profile & analytics
OFF-MARKET
Showrooms
115 Portland Ave Redding, CT 06896-3118
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US15-1158603
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1964
Total area
2,373 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RV
APN
REDD M:46 L:176
UPID
US15-1158603
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
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
John Befatto · 20 yrs held
John Befatto
since 2006
7 recorded transactions
Zoning & alternative use
RV · Redding, 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 Redding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redding 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
$9,506
Tax year 2023
Assessed value
$343,300
Assessed 2023
Previous assessed
$343,300
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$132,000
Assessed improvement
$211,300
Applied tax rate
130.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1964
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
10
Bathrooms
2
Total area
2,373 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RV
APN
REDD M:46 L:176
UPID
US15-1158603
Jurisdiction
REDDING
Zoning & alternative use
RV · Redding, CT
Zoning RV · permitted uses
RV · Redding, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redding. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
10
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
John Befatto
Individual
Mailing address
115 PORTLAND AVE, REDDING, CT 06896-3118
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2021
—
John S Belfatto
—
Deed
related
$297,800 · Loandepot.com LLC
Jun 5, 2006
$524,000
John Befatto
Richard Bassett
Warranty Deed
$419,200 · Jp Morgan Chase Bank
Jul 1, 2005
$519,900
Richard Bassett
Gazetos,nicholas J
Warranty Deed
$400,000 · Zuckerman Family Nomi
Jul 1, 2005
—
Richard Bassett
—
Deed Of Trust
related
$119,900 · Lancaster Liabilit Co
Sep 8, 2003
—
Nicholas Gazetos
—
Deed Of Trust
related
$220,000 · Bank Of America
Nov 5, 2002
—
Nicholas Gazetos
—
Deed Of Trust
related
$225,000 · Bank Of America
Apr 23, 2002
—
Nicholas J Gazetos
—
Deed Of Trust
related
$166,000 · Bank Of America
Mar 16, 2000
—
Nicholas J Gazetos
—
Deed Of Trust
related
$169,000 · Jtm Financial Services
Nov 17, 1999
$185,000
Nicholas J Gazetos
Urda,eileen
Warranty Deed
—
Apr 4, 1988
$35,000
Eilen M Urda
Urda,margaret M
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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