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Property profile & analytics
FOR LEASE
Manufacturing properties
128 Old Brickyard Ln Berlin, CT 06037
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-1283089
For Lease
1 / 10
$5.75 SF/Yr
128 Old Brickyard Ln, Berlin, CT 06037
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Construction
STEEL FRAME
Total area
126,727 SF
Lot
45.42 ac (1,978,495 SF)
Zoning code
PI
APN
BERL M:9-2 B:76 L:32
UPID
US15-1283089
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
-
Photo Paper Direct Photography Service (Bike/Boat/Book/etc) Store
-
Rare Entity LLC Interior Design Auto Repair Shop
-
We Love Used & New Home Decor Store (Bike/Boat/Book/etc) Store
-
T M Industries Inc Industrial Manufacturer Production Facility
-
Ocean Star Transport Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.95M
Blend (final)
Blend
$6.99M
Owner & transaction history
Gp 128 Old Brickyard LLC · 3 yrs held
Gp 128 Old Brickyard LLC
since 2022
Last sale
$7.0M
1 recorded transaction
Zoning & alternative use
PI · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.6M
+32.6%
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
$7,025,000
ML approach
$6,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,780,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,645,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,070,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$6.99M
Range $6.29M – $7.69M · ±10% · vs last sale $7.00M (Aug 18 2022)
Last sale anchor
$7.00M
Aug 18 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
$55 / 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
$140,502
Tax year 2023
Assessed value
$4,753,100
Assessed 2023
Previous assessed
$4,753,100
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$387,400
Assessed improvement
$4,365,700
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
For Lease
Year built
1956
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
126,727 SF
Lot
45.42 ac (1,978,495 SF)
Zoning code
PI
APN
BERL M:9-2 B:76 L:32
UPID
US15-1283089
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
WAREHOUSE, STORAGE
Est. value
$7.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1956
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
45.42 ac
Current owner
From public records · entity-resolved
Gp 128 Old Brickyard LLC
Entity
Free & Clear · 3 yrs held
Mailing address
128 OLD BRICKYARD LN, BERLIN, CT 06037-1465
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
$7,000,000
Gp 128 Old Brickyard LLC
Lakewood Associates LLC
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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