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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Office buildings
1321 Boston Post Rd Madison, CT 06443-3431
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1023157
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
6,308 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C
APN
MADI M:31 B:32
UPID
US15-1023157
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
-
CareFur Veterinarians Veterinary Clinic
-
Power Phone Inc Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$1.13M
Owner & transaction history
Jl Boure Holdings LLC · 3 yrs held
Jl Boure Holdings LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C · Madison, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$920,000
+18.7%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$1,075,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$775,000
Current use
RESTAURANT
$920,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$710,000
Change: -9% · Conversion: Easy
RETAIL STORES
$685,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.14M (Aug 22 2022)
Last sale anchor
$1.14M
Aug 22 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
$178 / 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
$19,406
Tax year 2023
Assessed value
$647,500
Assessed 2023
Previous assessed
$647,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$248,500
Assessed improvement
$399,000
Applied tax rate
328.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
6,308 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C
APN
MADI M:31 B:32
UPID
US15-1023157
Jurisdiction
MADISON
Zoning & alternative use
C · Madison, CT
Zoning C · permitted uses
C · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$775,000
RESTAURANT
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$685,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
1987
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Jl Boure Holdings LLC
Entity
Mailing address
1321 BOSTON POST RD, MADISON, CT 06443-3431
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
Jan 9, 2023
—
Jl Boure Holdings LLC
—
Deed
related
$904,000 · Primis Bank
Aug 22, 2022
$1,135,000
Jl Boure Holdings LLC
Pmsj LLC
Warranty Deed
$908,000 · Provide INC
Sep 7, 2012
—
Pmsj LLC
—
Deed Of Trust
related
$771,166 · Webster Bank
Jan 8, 2003
—
Pmsj LLC
—
Deed Of Trust
related
$1,150,000 · Webster Bank
Oct 26, 1999
—
Pmsj LLC
—
Deed Of Trust
related
$1,200,000 · Business Lenders INC
Jan 29, 1999
$475,000
Pmsj LLC
Mauro,edward
Warranty Deed
$675,000 · Citizens Savings Bank Ct
Dec 4, 1987
—
Nicholas Pastore
—
Deed Of Trust
related
$1,200,000 · Great Country 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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