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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Industrial properties
117 Old State Rd Brookfield, CT 06804-2535
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0318532
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,776 SF
Lot
2.56 ac (111,514 SF)
Zoning code
I-1 HO
APN
BROO M:D15 L:002
UPID
US15-0318532
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
-
Growing Seeds Academy Daycare Center
-
Westco Scientific Instruments (Bike/Boat/Book/etc) Store
-
REACH Western Connecticut Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.62M
Owner & transaction history
117 Old State Rd LLC · 5 yrs held
117 Old State Rd LLC
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
I-1 HO · Brookfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+32.3%
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 Brookfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brookfield 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
$1,710,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,015,000
Current use
OFFICE BUILDING
$2,670,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.50M (May 4 2021)
Last sale anchor
$1.50M
May 4 2021
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
$78 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$33,738
Tax year 2024
Assessed value
$1,209,250
Assessed 2024
Previous assessed
$1,209,250
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$585,680
Assessed improvement
$623,570
Applied tax rate
118.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
20,776 SF
Lot
2.56 ac (111,514 SF)
Zoning code
I-1 HO
APN
BROO M:D15 L:002
UPID
US15-0318532
Jurisdiction
BROOKFIELD
Zoning & alternative use
I-1 HO · Brookfield, CT
Zoning I-1 HO · permitted uses
I-1 HO · Brookfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brookfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
2.56 ac
Current owner
From public records · entity-resolved
117 Old State Rd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2 PARK LAWN DR, BETHEL, CT 06801-1071
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 22, 2024
—
117 Old State Rd LLC
—
Deed
related
$1,500,000 · Union Savings Bank
May 4, 2021
$1,500,000
117 Old State Rd LLC
Heritage Partnership Flip
Deed
—
Oct 23, 2013
—
Heritage Partnership
—
Deed Of Trust
related
$1,000,000 · Savings Bank Of Danbury
Jun 4, 2012
—
Heritage Partnership
—
Deed Of Trust
related
$1,120,000 · Savings Bank Of Danbury
Jul 11, 2008
—
Heritage Partnership
—
Deed Of Trust
related
$1,000,000 · Savings Bank Of Danbury
Feb 28, 2006
$2,350,000
Joe Patano
Discala,peter
Warranty Deed
$1,650,000 · Union Savings Bank
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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