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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Warehouses
124 White Oak Dr, Berlin, CT 06037-1635
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0417831
Property summary
AI-generated overview
This exceptional 13,441 square foot flex space is available for lease in Berlin, Connecticut. Located at 124 White Oak Drive, this property is part of a larger 18,000 square foot building situated on a generous 3.05-acre lot. The building, constructed in 1990, is a single-story structure offering a blend of warehouse and office space. The available space includes approximately 7,200 square feet of warehouse area and 6,241 square feet of office space. High ceilings, ranging from 15'4" to 16'4" in the warehouse and 9'4" in the office, provide ample room for various uses. The warehouse features three loading docks for efficient material handling. The property boasts 200 amp 120/208 volt, 3-phase power. The office area includes shared amenities such as a kitchen and restrooms. The property is zoned PI and benefits from monument signage. This versatile space is ideal for businesses requiring a combination of warehouse and office functionality. The property is easily accessible and offers significant potential for a variety of commercial enterprises. The building has a total of two suites.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,000 SF
Lot
3.05 ac (132,858 SF)
Zoning code
PI
APN
BERL M:5-3 B:127 L:8B
UPID
US15-0417831
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
-
Arriel Fontanez, LPC, LLC Counselor
-
Kelsey Hale LPC LLC Physician Medical Clinic
-
Cyclone Home Systems, LLC Security Service
-
Connecticut Master Closets Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.38M
Owner & transaction history
Lennon Hldg Berlin LLC · 1 yrs held
Lennon Hldg Berlin LLC
since 2025
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
PI · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+106.3%
Office building
$2.0M
+97.5%
Auto repair, garage
$1.8M
+79.8%
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$1,400,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,005,000
Current use
RETAIL STORES
$2,070,000
Change: +106% · Conversion: Moderate
OFFICE BUILDING
$1,985,000
Change: +98% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,805,000
Change: +80% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,700,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,655,000
Change: +65% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,245,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.40M (Apr 8 2022)
Last sale anchor
$1.40M
Apr 8 2022
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
$76 / 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
$27,940
Tax year 2023
Assessed value
$945,200
Assessed 2023
Previous assessed
$945,200
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$246,800
Assessed improvement
$698,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
18,000 SF
Lot
3.05 ac (132,858 SF)
Zoning code
PI
APN
BERL M:5-3 B:127 L:8B
UPID
US15-0417831
Jurisdiction
BERLIN
Zoning & alternative use
PI · Berlin, CT
Zoning PI · permitted uses
PI · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
3.05 ac
Current owner
From public records · entity-resolved
Lennon Hldg Berlin LLC
Entity
Mailing address
124 WHITE OAK DR, BERLIN, CT 06037-1635
Ownership since
2025
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
Apr 2, 2025
$1,770,000
Lennon Hldg Berlin LLC
Oak Omega LLC
Warranty Deed
$1,593,000 · Webster Bank
Apr 8, 2022
$1,395,000
Oak Omega LLC
Jrg Berlin LLC
Warranty Deed
$10,000 · Savers Cooperative Bank
Feb 29, 2016
$1,125,000
Jrg Berlin LLC
Sbm Realty LLC
Warranty Deed
$843,750 · Td Bank NA
Mar 21, 2005
$975,000
Sbm Realty LLC
White Oak Assoc
Warranty Deed
$1,067,400 · Webster Bank
Apr 26, 1990
$1,056,800
Oak Assoc White
Knaus Dev Corp
Grant Deed
$900,000 · Zuckerman Family Nomi
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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