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Property profile & analytics
FOR LEASE
Showrooms
1365 Main St 1 Coventry, CT 06238
Individually Owned
10-yr Hold
Free & Clear
Property ID
US15-0144123
For Lease
$1,600/Mo
1365 Main St,Unit 1, Coventry, CT 06238
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1750
Construction
FRAME
Total area
4,514 SF
Lot
1.24 ac (54,014 SF)
Zoning code
VG
APN
COVE M:000L B:0065 L:0001
UPID
US15-0144123
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
-
Welles Agency Real Estate Real Estate Agency
-
Ferrante Insurance Agency LLC Insurance Agency
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
Thomas G Welles · 10 yrs held
Thomas G Welles
since 2016
3 recorded transactions
Zoning & alternative use
VG · Coventry, 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 Coventry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coventry 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
$7,195
Tax year 2023
Assessed value
$226,700
Assessed 2023
Previous assessed
$226,700
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$99,300
Assessed improvement
$127,400
Applied tax rate
406.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1750
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
5
Bathrooms
1
Total area
4,514 SF
Lot
1.24 ac (54,014 SF)
Zoning code
VG
APN
COVE M:000L B:0065 L:0001
UPID
US15-0144123
Jurisdiction
COVENTRY
Zoning & alternative use
VG · Coventry, CT
Zoning VG · permitted uses
VG · Coventry, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coventry. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1750
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
5
Bathrooms
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Thomas G Welles
Individual
Free & Clear · 10 yrs held
Mailing address
320 HOP RIV RD, COVENTRY, CT 06238-3234
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2016
—
Thomas G Welles
Welles,thomas G & Mercedes
Quit Claim Deed
related
—
Jun 11, 2013
—
Thomas G Welles JR.
Thomas G Welles SR Ret
Trustees Deed
related
—
Oct 30, 2009
$280,000
Thomas G Welles JR.
Gideon Assoc
Warranty Deed
$270,000 · Zenon Grzybowski
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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