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Property profile & analytics
OFF-MARKET
Estimated value
$3,670,000
Commercial real estate
127 Main St Portland, CT 06480-1860
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-1186641
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
STEEL FRAME
Total area
71,469 SF
Lot
5.42 ac (236,095 SF)
Zoning code
I
APN
PORT M:019 B:0075
UPID
US15-1186641
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
-
Walgreens Pharmacy
-
Storage Rentals of America Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.67M
Owner & transaction history
Sroa 127 Main Ct LLC · 4 yrs held
Sroa 127 Main Ct LLC
since 2022
7 recorded transactions
Zoning & alternative use
I · Portland, 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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
$3.67M
Range $3.30M – $4.04M · ±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
$51 / 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
$60,886
Tax year 2023
Assessed value
$1,875,720
Assessed 2023
Previous assessed
$1,875,720
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$291,760
Assessed improvement
$1,583,960
Applied tax rate
276.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Buildings
2
Units
1
Total area
71,469 SF
Lot
5.42 ac (236,095 SF)
Zoning code
I
APN
PORT M:019 B:0075
UPID
US15-1186641
Jurisdiction
PORTLAND
Zoning & alternative use
I · Portland, CT
Zoning I · permitted uses
I · Portland, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Buildings
2
Units
1
Lot
5.42 ac
Current owner
From public records · entity-resolved
Sroa 127 Main Ct LLC
Entity
Mailing address
324 DATURA ST STE #338, WEST PALM BEACH, FL 33401-5417
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
—
Sroa 127 Main Ct LLC
—
Deed
related
$198,600,000 · Teachers Insurance
Jan 18, 2022
—
Sroa 127 Main Ct LLC
Self Storage Of Pane Rd
Deed
—
Jan 6, 2014
—
Portland Town Of
Stor U Self Of Portland
Warranty Deed
—
Oct 24, 2005
—
Stor-u-self Portland LP
—
Deed Of Trust
related
$2,000,000 · Peoples Bank
Jul 27, 2005
—
Stor-u-self Portland LP
—
Deed Of Trust
related
$921,449 · Richard J Kelly
Dec 29, 2004
$950,000
Stor-u-self Portland LP
Standard-knapp INC
Warranty Deed
—
Nov 30, 2001
—
Standard Knapp INC
—
Deed Of Trust
related
$2,250,000 · Liberty 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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