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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Showrooms
1241 Boston Post Rd Westbrook, CT 06498-2198
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US15-0824999
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1940
Construction
FRAME
Total area
5,640 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CTC
APN
WBRO M:177 L:154
UPID
US15-0824999
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
-
Westbrook Auto Sales & Service, LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$504k
Blend (final)
Blend
$535k
Owner & transaction history
Michael Montanaro · 22 yrs held
Michael Montanaro
since 2003
2 recorded transactions
Zoning & alternative use
CTC · Westbrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
• CTC Commercial Town Center District • NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain…
Zone name
Commercial Town Center District
General category
COMMERCIAL
Zone area
57.19 ac
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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$95 / 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
$7,394
Tax year 2023
Assessed value
$346,800
Assessed 2023
Previous assessed
$346,800
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$170,490
Assessed improvement
$176,310
Applied tax rate
278.0000
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
1940
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
5
Bathrooms
11
Total area
5,640 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CTC
APN
WBRO M:177 L:154
UPID
US15-0824999
Jurisdiction
WESTBROOK
Zoning & alternative use
CTC · Westbrook, CTZoning CTC · permitted uses
CTC · Westbrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
• CTC Commercial Town Center District • NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain, enhance and promote a mixed-use, pedestrian-scale downtown area with a strong sense of place. The District provides for the central retail, office, cultural and governmental activities of the community as well as encouraging limited residential use. The Regulations encourage harmony and compatibility of design in an area of buildings built at different times and under no or various zoning regulations. The object is to permit the rehabilitation or rebuilding of existing buildings on or close to the street and property lines, thus preserving the historic look of the Town Center.
Zone name
Commercial Town Center District
General category
COMMERCIAL
Zone area
57.19 ac
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
5
Bathrooms
11
Lot
0.51 ac
Current owner
From public records · entity-resolved
Michael Montanaro
Individual
Mailing address
PO BOX 1225, WESTBROOK, CT 06498-1225
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2003
$450,000
Michael Montanaro
Woodstock,robert W
Warranty Deed
$290,000 · Zenon Grzybowski
—
—
1241 Bpr LLC
—
Deed Of Trust
related
$240,000 · Start Community Bk
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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