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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Medical Office Space
1260 Silas Deane Hwy, Wethersfield, CT 06109-4362
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0524860
Property summary
AI-generated overview
This exceptional 3,841-square-foot medical office suite is available for lease at 1260 Silas Deane Highway in Wethersfield, Connecticut. Located within a larger, 54,976-square-foot single-story Class B building constructed in 1960, this space offers a prime opportunity for medical professionals. The building boasts a strong tenant roster, including established medical practices such as Starling Physicians, Jefferson Radiology, Memory Care Center, Hartford Hospital Sleep Center, and Quest Diagnostics. The property sits on a 3.36-acre lot zoned RC, providing ample parking with a 5/1000 ratio, along with prominent directory and monument signage. Its excellent visibility and high traffic count of 23,900 ADT ensure maximum exposure. Conveniently located just 0.4 miles from I-91, Exit 24, this property offers easy access for patients and staff. The minimum divisible space is 3,841 square feet, and the maximum contiguous space available is also 3,841 square feet. This is a single-story building with a total of 54,976 square feet.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,914 SF
Lot
3.36 ac (146,362 SF)
Zoning code
RC
APN
WETH M:237 B:010
UPID
US15-0524860
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
-
Starling Physicians Infusion Center Wethersfield Medical Clinic
-
Starling Physicians: Christine McCrary, MD Physician
-
Curley Timothy M DO Physician Medical Clinic
-
Jeannine Mayan, RN, MSN, CNM Midwife
-
Starling Physicians: Komsu Mamuya, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Phoenix Medical LLC · 12 yrs held
Phoenix Medical LLC
since 2013
2 recorded transactions
Zoning & alternative use
RC · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+10.0%
Office building
$4.3M
+9.0%
Apartment house (5+ units)
$4.2M
+5.0%
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
MEDICAL BUILDING
$3,985,000
Current use
AUTO REPAIR, GARAGE
$4,385,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$4,345,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,185,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±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
$48 / 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
$251,667
Tax year 2023
Assessed value
$6,023,620
Assessed 2023
Previous assessed
$6,023,620
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$700,000
Assessed improvement
$5,323,620
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Total area
55,914 SF
Lot
3.36 ac (146,362 SF)
Zoning code
RC
APN
WETH M:237 B:010
UPID
US15-0524860
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
MEDICAL BUILDING Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Lot
3.36 ac
Current owner
From public records · entity-resolved
Phoenix Medical LLC
Entity
Mailing address
464 HERITAGE RD STE F, SOUTHBURY, CT 06488-3863
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 29, 2013
—
Phoenix Medical LLC
—
Deed Of Trust
related
$9,400,000 · Liberty Bank
Mar 31, 2011
—
Phoenix Medical LLC
—
Deed Of Trust
related
$6,000,000 · 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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