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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Banks
1221 Silas Deane Hwy Wethersfield, CT 06109-4301
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0707971
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,382 SF
Lot
1.39 ac (60,548 SF)
Zoning code
RC
APN
WETH M:238 B:006
UPID
US15-0707971
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
-
Santander Bank ATM Atm
-
Santander Bank Branch Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Ridel Properties LLC · 5 yrs held
Ridel Properties LLC
since 2021
5 recorded transactions
Zoning & alternative use
RC · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+37.6%
Commercial (general)
$1.1M
+28.6%
Retail stores
$1.0M
+15.9%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
FINANCIAL BUILDING
$865,000
Current use
RESTAURANT
$1,190,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,110,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$80 / 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
$89,519
Tax year 2023
Assessed value
$2,142,630
Assessed 2023
Previous assessed
$2,142,630
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$704,900
Assessed improvement
$1,437,730
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
10,382 SF
Lot
1.39 ac (60,548 SF)
Zoning code
RC
APN
WETH M:238 B:006
UPID
US15-0707971
Jurisdiction
WETHERSFIELD
Zoning & alternative use
RC · Wethersfield, CT
Zoning RC · permitted uses
RC · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$865,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$815,000
OFFICE BUILDING
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
MEDICAL BUILDING
Est. value
$740,000
FINANCIAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Ridel Properties LLC
Entity
Mailing address
885 WASHINGTON ST, WEYMOUTH, MA 02189-1526
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
—
Ridge Properties LLC
—
Deed
related
$1,500,000 · Eastern Bank
May 4, 2021
—
Ridel Properties LLC
730 W 183rd Street LLC
Warranty Deed
—
May 27, 2014
$3,100,000
730 W 183 Rd Street LLC
1221 Silas Deane LLC
Warranty Deed
—
Mar 15, 2001
$1,000,000
Silas Deane LLC
Stephen F Later T
Warranty Deed
$4,150,000 · Wmc Mortgage Corp
Jul 1, 1993
—
John H Miller
—
Deed Of Trust
related
$94,389 · Chester J Later Etal
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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