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Property profile & analytics
OFF-MARKET
Showrooms
1232 Corbin Ave New Britain, CT 06053-3804
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0113440
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1924
Total area
1,518 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B1
APN
NBRI M:E5B B:96
UPID
US15-0113440
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
-
Jason R. Delisle, OD - SightMD Connecticut Physician
-
Adam Ham, OD - SightMD Connecticut Physician
-
Dr. Edward Osborn Ophthalmologist
-
SightMD Connecticut (Fichman Eye Center) Physician
-
Davila Raul Law Firm
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
Blake & Grant LLC · 1 yrs held
Blake & Grant LLC
since 2024
7 recorded transactions
Zoning & alternative use
B1 · New Britain, 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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
$6,592
Tax year 2023
Assessed value
$172,200
Assessed 2023
Previous assessed
$172,200
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$62,370
Assessed improvement
$109,830
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
1924
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
8
Bathrooms
1
Total area
1,518 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B1
APN
NBRI M:E5B B:96
UPID
US15-0113440
Jurisdiction
NEW BRITAIN
Zoning & alternative use
B1 · New Britain, CT
Zoning B1 · permitted uses
B1 · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
8
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Blake & Grant LLC
Entity
Mailing address
40 PRATTLING POND RD, FARMINGTON, CT 06032-1804
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
Blake & Grant LLC
Corbin Properties LLC
Warranty Deed
$654,000 · Corbin Properties LLC
Dec 26, 2012
—
Corbin Pinnacle LLC
—
Deed Of Trust
related
$11,297,553 · Connecticut State
Mar 30, 2011
—
Corbin Properties LLC
—
Deed Of Trust
related
$280,000 · Webster Bank
Apr 29, 2010
$1
Corbin Prop LLC
Fichman,richard
Grant Deed
related
—
Apr 6, 2010
$125,000
Richard Fichman
Fairley,val S
Warranty Deed
—
Jun 30, 2005
$180,000
Val S Fairley
Frank A Maccavone
Warranty Deed
$144,000 · Silver Hill Fncl LLC
Mar 1, 1999
$30,000
Walnut & Corbin LLC
Maccarone,frank A
Grant Deed
—
Jun 30, 1995
$58,000
Frank A Maccarone
Mid State Assoc Realto
Warranty Deed
$40,000 · First City Bank
Dec 31, 1990
$100,000
N Britain Real Greater
Horanzy,nellie
Grant Deed
—
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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