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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Showrooms
138 Main St Westbrook, CT 06498-1904
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0940568
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1850
Construction
FRAME
Total area
9,028 SF
Lot
0.97 ac (42,253 SF)
Zoning code
MDR
APN
WBRO M:176 L:028
UPID
US15-0940568
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
-
Captain Stannard House Bed and Breakfast Bed & Breakfast Restaurant
-
Daniel Goleman Physician Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$990k
Owner & transaction history
Coastal Endeavors LLC · 2 yrs held
Coastal Endeavors LLC
since 2024
Last sale
$990,000
7 recorded transactions
Zoning & alternative use
MDR · Westbrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
• MDR Medium Density Residential District • HDR High Density Residential District (including HDR-2) Other residential districts or types may be located in Section 5 of these Regulations. A. PURPOSES 1. The various residential districts are intended to provide suitable areas for residential use and development appropriate to the environmental characteristics…
Zone name
Medium Density Residential District
General category
RESIDENTIAL
Zone area
1,026.65 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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $990k (Jun 17 2024)
Last sale anchor
$990k
Jun 17 2024
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
$110 / 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
$13,758
Tax year 2023
Assessed value
$645,330
Assessed 2023
Previous assessed
$645,330
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$84,970
Assessed improvement
$560,360
Applied tax rate
278.0000
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
Off-Market
Year built
1850
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
8
Rooms
18
Bathrooms
9
Total area
9,028 SF
Lot
0.97 ac (42,253 SF)
Zoning code
MDR
APN
WBRO M:176 L:028
UPID
US15-0940568
Jurisdiction
WESTBROOK
Zoning & alternative use
MDR · Westbrook, CTZoning MDR · permitted uses
MDR · Westbrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
• MDR Medium Density Residential District • HDR High Density Residential District (including HDR-2) Other residential districts or types may be located in Section 5 of these Regulations. A. PURPOSES 1. The various residential districts are intended to provide suitable areas for residential use and development appropriate to the environmental characteristics of the land and of the neighborhood. 2. The differentiation among the residential districts is intended to provide for variety in the size and density of residential neighborhoods and a diversity of housing opportunities after consideration of soil types, terrain, and infrastructure capacity. 3. The residential districts may allow for certain non-residential uses when it can be demonstrated that they are compatible with nearby residential uses and property values in accordance with the standards in the Regulations.
Zone name
Medium Density Residential District
General category
RESIDENTIAL
Zone area
1,026.65 ac
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
8
Rooms
18
Bathrooms
9
Lot
0.97 ac
Current owner
From public records · entity-resolved
Coastal Endeavors LLC
Entity
Mailing address
138 S MAIN ST, WESTBROOK, CT 06498-1904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 17, 2024
$990,000
Coastal Endeavors LLC
101 South Main St Corp
Warranty Deed
$858,598 · Lend More LLC
Oct 27, 2021
$862,000
101 South Main St Corp
James L Brewster
Warranty Deed
—
Apr 12, 2004
—
James C Brewster
—
Deed Of Trust
related
$735,000 · Provident Funding Group INC
Dec 2, 1991
$330,000
Verner E Mettin JR.
Ct Natl Bk
Grant Deed
$280,000 · Shawmut Mtg Co
Feb 14, 1989
—
Raymond H Grandmaison
—
Deed Of Trust
related
$14,175 · Zwi Kohorn
Nov 30, 1987
—
Raymond Grandmaison
—
Deed Of Trust
related
$160,000 · Chester Bank
May 8, 1987
$515,000
Raymond H Grandmaison
Amatrudo,edward B
Grant Deed
$515,000 · Chester 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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