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Property profile & analytics
FOR LEASE
Banks
132 Main St lower level 1 Southington, CT 06489
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0114986
For Lease
1 / 11
$20 SF/Yr
132 Main St,Unit lower level 1, Southington, CT 06489
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Property summary
AI-generated overview
This exceptional 2,100-square-foot Class A office space is available for lease in downtown Southington, Connecticut. Located at 132 Main St, 06489, this unit boasts high-end wood finishes, brand new vinyl flooring, and fresh paint. The space features a large main room, three private offices, a reception area, and ample storage. Enjoy a dedicated entrance directly from a large parking lot (50+ spaces), a private half bathroom, 24/7 access with electronic keypad locks, and security cameras. Common areas have been recently renovated (2024), and the space includes energy-efficient HVAC. The building and unit bathroom are ADA compliant. This versatile space is ideal for various uses, including retail or office. Additional storage space is available in the lower level. The monthly rent is $2,550. The building totals 14,000 square feet with 3,000 square feet currently vacant. This is a multiple tenancy building.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,064 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CB
APN
SOUT M:100 L:036
UPID
US15-0114986
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
-
Marinosci Law Group, PC Law Firm
-
Therese Lise Alternative Medicine Practice Spa & Massage Center
-
Positive Living Center Physician Alternative Medicine Practice
-
Energy Healing | Practical Energy Medicine Physician Alternative Medicine Practice
-
Lotus Moon Studios Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$520k
Owner & transaction history
132 Main Betterment LLC · 3 yrs held
132 Main Betterment LLC
since 2023
4 recorded transactions
Zoning & alternative use
CB · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area
Zone name
Central Business
General category
COMMERCIAL
Zone area
106.10 ac
Source
Realmo
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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$43 / 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
$20,883
Tax year 2023
Assessed value
$687,850
Assessed 2023
Previous assessed
$687,850
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$113,560
Assessed improvement
$574,290
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Total area
12,064 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CB
APN
SOUT M:100 L:036
UPID
US15-0114986
Jurisdiction
SOUTHINGTON
Zoning & alternative use
CB · Southington, CTZoning CB · permitted uses
CB · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area
Zone name
Central Business
General category
COMMERCIAL
Zone area
106.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Lot
1.03 ac
Current owner
From public records · entity-resolved
132 Main Betterment LLC
Entity
Mailing address
144 GOVERNORS HL RD, OXFORD, CT 06478-1367
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
132 Main Betterment LLC
132 LLC
Warranty Deed
$900,000 · Dime Bank
May 24, 2012
—
Paul Thornton
—
Deed Of Trust
related
$838,307 · Collinsville Savings Society
Oct 21, 2009
$2,000,000
132 LLC
Webster Bk
Grant Deed
$900,000 · Collinsville Savings Society
Feb 21, 1996
$560,000
Webster Bank
Fleet Natl Bk Of Conn
Grant Deed
related
—
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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