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Property profile & analytics
OFF-MARKET
Industrial land
132 Rte 12 Preston, CT 06365-8330
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US15-0571470
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
29.31 ac (1,276,744 SF)
Zoning code
TRDD
APN
PRES M:26-1 B:12 L:132
UPID
US15-0571470
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Conn Resources Recover · 28 yrs held
Conn Resources Recover
since 1998
1 recorded transaction
Zoning & alternative use
TRDD · Preston, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
n demonstration by the applicant that there is no other reasonable alternative. Section 16.19 Short-Term Rentals (STR). STR as defined in Section 2 of these Regulations, are permitted in R-40, R-60, R-80, R120, RC, C-1, TRDD, PI, and only upon approval by the Planning and Zoning Commission, and in compliance with the following: a. The maximum total length of…
Zone name
Thames River Design District
General category
UNKNOWN
Zone area
690.51 ac
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 Preston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Preston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,214
Tax year 2023
Assessed value
$662,900
Assessed 2023
Previous assessed
$907,410
-26.9% YoY
Effective rate
2.30%
On assessed value
Assessed land
$662,900
Applied tax rate
366.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
29.31 ac (1,276,744 SF)
Zoning code
TRDD
APN
PRES M:26-1 B:12 L:132
UPID
US15-0571470
Jurisdiction
PRESTON
Zoning & alternative use
TRDD · Preston, CTZoning TRDD · permitted uses
TRDD · Preston, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
n demonstration by the applicant that there is no other reasonable alternative. Section 16.19 Short-Term Rentals (STR). STR as defined in Section 2 of these Regulations, are permitted in R-40, R-60, R-80, R120, RC, C-1, TRDD, PI, and only upon approval by the Planning and Zoning Commission, and in compliance with the following: a. The maximum total length of stay shall be three (3) weeks in any three-month period by the same party of guests
Zone name
Thames River Design District
General category
UNKNOWN
Zone area
690.51 ac
Building & site characteristics
From public records
Heating
NONE
Lot
29.31 ac
Current owner
From public records · entity-resolved
Conn Resources Recover
Individual
Mailing address
132 RTE 12, PRESTON, CT 06365-8330
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
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
Mar 19, 1998
—
Conn Resources Recover
—
Deed Of Trust
related
$87,650,000 · State Street Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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