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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
1425 Honeyspot Rd Ext Stratford, CT 06615-7114
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US15-0272140
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,700 SF
Lot
4 ac (174,240 SF)
Zoning code
MB
APN
STRA M:20-4 B:2 L:10
UPID
US15-0272140
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
-
Pace Motor Lines Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$685k
Owner & transaction history
Pace Motor Lines INC · 21 yrs held
Pace Motor Lines INC
since 2005
5 recorded transactions
Zoning & alternative use
MB · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ness B LBB Office Park District OP Retail Commercial A CA Retail Commercial F CF Retail Commercial Neighborhood CNC Waterfront Business District WF Industrial Coastal Industrial MC Light Industrial MA General Industrial MB Other Airport Zoning RZ; ADD Resource Conservation District RC Overlays Transit-Oriented Development TOD Waterfront Redevelopment WR 1.3.…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
178.78 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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$680,000
Current use
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$27 / 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
$63,653
Tax year 2023
Assessed value
$1,583,400
Assessed 2023
Previous assessed
$1,583,400
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$546,000
Assessed improvement
$1,037,400
Applied tax rate
114.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
25,700 SF
Lot
4 ac (174,240 SF)
Zoning code
MB
APN
STRA M:20-4 B:2 L:10
UPID
US15-0272140
Jurisdiction
STRATFORD
Zoning & alternative use
MB · Stratford, CTZoning MB · permitted uses
MB · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ness B LBB Office Park District OP Retail Commercial A CA Retail Commercial F CF Retail Commercial Neighborhood CNC Waterfront Business District WF Industrial Coastal Industrial MC Light Industrial MA General Industrial MB Other Airport Zoning RZ; ADD Resource Conservation District RC Overlays Transit-Oriented Development TOD Waterfront Redevelopment WR 1.3.2 District boundaries. The boundaries of the zoning districts listed in Section 1.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
178.78 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$680,000
WAREHOUSE, STORAGE Current
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
4 ac
Current owner
From public records · entity-resolved
Pace Motor Lines INC
Entity
Mailing address
1425 HONEYSPOT RD EXT, STRATFORD, CT 06615-7114
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2005
—
Pace Motor Lines INC
—
Deed Of Trust
related
$3,000,000 · Peoples Bank
Aug 27, 1999
—
Pace Motor Lines INC
—
Deed Of Trust
related
$1,400,000 · Hudson United Bank
Dec 16, 1991
—
Pace Motor Lines INC
—
Deed Of Trust
related
$220,000 · Connecticut National Bank
May 19, 1989
—
Motor Lines INC,pace
—
Deed Of Trust
related
$600,000 · Connecticut National Bank
—
—
Pace Motor Lines INC
—
Deed Of Trust
related
$264,800 · Newtek Small Busn Fin
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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