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Property profile & analytics
OFF-MARKET Estimated value $570,000
Medical Office Space

141 Willard Ave Newington, CT 06111-1128

6,556 SF 0.68 ac lot Built 1956
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US15-0219305
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1956
Construction FRAME
Total area 6,556 SF
Lot 0.68 ac (29,621 SF)
Zoning code PD
APN NEWI M:3 B:104 L:0
UPID US15-0219305
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
  • ProHealth Physicians Newington Pediatrics Medical Clinic Pediatrician
  • Patrick Ogurick Pediatrician Medical Clinic
  • TRACI ARDEN FRIEDMAN Pediatrician Medical Clinic
  • CHRISTOPHER M DESANTO Pediatrician Medical Clinic
  • AMY L BAUMER Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$708k
Blend (final) Blend
$570k
Owner & transaction history
141 Willard Avenue LLC · 18 yrs held
141 Willard Avenue LLC
since 2007
7 recorded transactions
2007
$725,000
2000
Price N/A
1999
Price N/A
1997
$300,000
1997
Price N/A
1993
$195,000
1993
Price N/A
Zoning & alternative use
PD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak station on Myra Cohen Way. B. The use of land, buildings and other structures within the TOD Overlay District shall be established and conducted…

Zone name Planned Development
General category PLANNED_DEVELOPMENT
Zone area 873.60 ac
Top alternative use upside
Restaurant $875,000 +87.5%
Office building $810,000 +73.7%
Commercial (general) $565,000 +20.7%
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