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Property profile & analytics
FOR SALE
Industrial properties
140 Commerce Way South Windsor, CT 06074
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0528389
For Sale
1 / 2
$915,000
140 Commerce Way, South Windsor, CT 06074
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
8,100 SF
Lot
1.46 ac (63,598 SF)
Zoning code
I
APN
SWIN M:121 B:22 L:35
UPID
US15-0528389
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
-
Encore Optics LLC Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$845k
Owner & transaction history
William St Holdings LLC · 3 yrs held
William St Holdings LLC
since 2022
Last sale
$836,000
7 recorded transactions
Zoning & alternative use
I · South Windsor, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+157.1%
Retail stores
$930,000
+73.1%
Office building
$895,000
+65.7%
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 South Windsor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Windsor 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
$840,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$540,000
Current use
RESTAURANT
$1,385,000
Change: +157% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +73% · Conversion: Moderate
OFFICE BUILDING
$895,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: +51% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $836k (Sep 9 2022)
Last sale anchor
$836k
Sep 9 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
$104 / 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
$15,181
Tax year 2023
Assessed value
$458,100
Assessed 2023
Previous assessed
$458,100
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$140,600
Assessed improvement
$317,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
8,100 SF
Lot
1.46 ac (63,598 SF)
Zoning code
I
APN
SWIN M:121 B:22 L:35
UPID
US15-0528389
Jurisdiction
SOUTH WINDSOR
Zoning & alternative use
I · South Windsor, CT
Zoning I · permitted uses
I · South Windsor, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Windsor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$540,000
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$930,000
OFFICE BUILDING
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
William St Holdings LLC
Entity
Mailing address
140 COMMERCE WAY, SOUTH WINDSOR, CT 06074-1151
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
Sep 9, 2022
$836,000
William St Holdings LLC
Zito Properties LLC
Warranty Deed
—
Dec 24, 2008
—
Zito Properties LLC
—
Deed Of Trust
related
$2,100,000 · Peoples Bank
Nov 7, 2003
—
Zito Proerties LLC
—
Deed Of Trust
related
$2,100,000 · Peoples Bank
Apr 15, 2003
$400,000
Zito Properties LLC
J M Grinding INC
Warranty Deed
—
Jul 27, 2001
—
T&m Grinding INC
—
Deed Of Trust
related
$290,000 · Windsor Fsla
Apr 27, 1994
—
J&m Grinding INC
—
Deed Of Trust
related
$405,000 · Unknown Lender
May 26, 1989
$560,000
J & M Grinding INC
Jfi Assoc
Grant Deed
$420,000 · Connecticut Bank & Trust
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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