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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Manufacturing properties
1255 Broad St Stratford, CT 06615-5746
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1343267
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,979 SF
Lot
4.73 ac (206,039 SF)
Zoning code
E-14
APN
STRA M:40-8 B:1 L:12
UPID
US15-1343267
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
-
Hampford Research Inc Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$5.14M
Owner & transaction history
West Broad St Prop Owner · 3 yrs held
West Broad St Prop Owner
since 2022
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
E-14 · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.9M
+48.8%
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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
$4,425,000
ML approach
$5,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,310,000
Current use
OFFICE BUILDING
$7,900,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±10% · vs last sale $5.60M (Sep 30 2022)
Last sale anchor
$5.60M
Sep 30 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
$67 / 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
$70,125
Tax year 2023
Assessed value
$1,744,400
Assessed 2023
Previous assessed
$1,744,400
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$658,070
Assessed improvement
$1,086,330
Applied tax rate
114.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Total area
76,979 SF
Lot
4.73 ac (206,039 SF)
Zoning code
E-14
APN
STRA M:40-8 B:1 L:12
UPID
US15-1343267
Jurisdiction
STRATFORD
Zoning & alternative use
E-14 · Stratford, CTZoning E-14 · permitted uses
E-14 · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
OFFICE BUILDING
Est. value
$7.9M
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Lot
4.73 ac
Current owner
From public records · entity-resolved
West Broad St Prop Owner
Individual
Mailing address
1255 W BROAD ST, STRATFORD, CT 06615-5746
Ownership since
2022
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 7, 2023
—
West Broad St Prop Owner
—
Deed
related
$28,310,000 · Centreville Bank
Sep 30, 2022
$5,603,375
West Broad St Prop Owner
1255 West Broad St LLC
Quit Claim Arm's Length For Ne States
$3,835,000 · Country Bank
Dec 2, 2021
—
1255 West Broad St LLC
—
Deed
related
$610,000 · Peoples United Bank
Jul 31, 2001
—
1255 W Braod St LLC
—
Deed Of Trust
related
$250,000 · Peoples Bank
Mar 9, 2001
$1,300,000
1255 W Broad St LLC
Stratmar Realty Corp
Warranty Deed
$1,000,000 · Peoples 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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