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Property profile & analytics
OFF-MARKET
Manufacturing properties
1405 Riverside Dr North Grosvenordale, CT 06255-1121
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0149607
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1880
Construction
STEEL FRAME
Total area
13,156 SF
Lot
3.36 ac (146,362 SF)
Zoning code
R40
APN
THOM M:57 B:61 L:1
UPID
US15-0149607
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
-
Mattys Trucking Inc Trucking Company
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
Jae LLC · 6 yrs held
Jae LLC
since 2020
7 recorded transactions
Zoning & alternative use
R40 · North Grosvenordale, 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 North Grosvenordale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Grosvenordale 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
$8,294
Tax year 2023
Assessed value
$319,000
Assessed 2023
Previous assessed
$319,000
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$111,800
Assessed improvement
$207,200
Applied tax rate
512.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1880
Construction
STEEL FRAME
Heating
RADIANT
Buildings
1
Stories
2
Units
2
Total area
13,156 SF
Lot
3.36 ac (146,362 SF)
Zoning code
R40
APN
THOM M:57 B:61 L:1
UPID
US15-0149607
Jurisdiction
THOMPSON
Zoning & alternative use
R40 · North Grosvenordale, CTZoning R40 · permitted uses
R40 · North Grosvenordale, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1880
Construction
STEEL FRAME
Heating
RADIANT
Stories
2
Buildings
1
Units
2
Lot
3.36 ac
Current owner
From public records · entity-resolved
Jae LLC
Entity
Mailing address
142 JUNE ST, WORCESTER, MA 01602-2955
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
—
Jae LLC
Ares Co RT
Deed
$292,000 · Cornerstone Bank
Feb 10, 2016
$250,000
Paula M Aresco
Freedom National Bank
Quit Claim Deed
—
Jan 25, 2016
—
Freedom National Bank
Freedom National Bank|c & M Transportation
Foreclosure
related
—
Mar 14, 2008
$300,000
Alan Meisler
Simonelli,joseph E
Warranty Deed
—
Mar 14, 2008
$560,000
C&m Transportation LLC
Meisler,alan
Warranty Deed
$500,000 · Freedom National Bank
Jul 29, 2004
—
A W M Transportation INC
—
Deed Of Trust
related
$275,000 · Joseph E Simonelli
Jun 3, 2004
—
Awm Transportation INC
—
Deed Of Trust
related
$175,000 · Joseph E Simonelli
Apr 30, 2004
—
Awm Transportation INC
—
Deed Of Trust
related
$55,000 · Richard Finnerty
Apr 11, 2003
—
Awm Transportation INC
—
Deed Of Trust
related
$125,000 · Hamilton Group INC
Mar 19, 2002
$255,000
Awm Transportation INC
Rudzinski,norman L
Warranty Deed
$315,000 · Hometown Bank Coop
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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