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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Industrial properties
1451 New Britain Ave Farmington, CT 06032-3343
Entity Owned
31-yr Hold
~
Est. High Equity
Property ID
US15-1258243
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Total area
113,117 SF
Lot
11.34 ac (493,970 SF)
Zoning code
CR
APN
FARM M:0114 B:7
UPID
US15-1258243
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
-
Tru Precision Corporation Industrial Manufacturer Factory
-
SP3 Recording Studio
-
Upholstery By George Furniture & Home Goods
-
Creative Handyman Service Hardware & Home Improvement General Contractor
-
Kids Corner CT Tutoring Service Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Farmington Pl LLC · 31 yrs held
Farmington Pl LLC
since 1994
7 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$13 / 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
$49,172
Tax year 2023
Assessed value
$2,031,050
Assessed 2023
Previous assessed
$2,031,050
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$595,350
Assessed improvement
$1,435,700
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
Off-Market
Year built
1956
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Total area
113,117 SF
Lot
11.34 ac (493,970 SF)
Zoning code
CR
APN
FARM M:0114 B:7
UPID
US15-1258243
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CTZoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Lot
11.34 ac
Current owner
From public records · entity-resolved
Farmington Pl LLC
Entity
Mailing address
PO BOX 544, BRISTOL, CT 06011-0544
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
Farmington Place LLC
—
Deed
related
$490,000 · Thomaston Savings Bank
Jan 21, 2020
—
Farmington Place LLC
—
Deed
related
$1,375,000 · Thomaston Savings Bank
Jun 24, 2016
—
Farmington Place LLC
—
Deed
related
$60,000 · Centre Firearms Co In
May 27, 2016
—
Farmington Place LLC
—
Deed
related
$250,000 · United States Department Of Agriculture
Dec 9, 2010
—
Farming Place LLC
—
Deed Of Trust
related
$1,600,000 · Farmington Savings Bank
Sep 30, 2008
—
Farmington Place LLC
—
Deed Of Trust
related
$678,000 · Farmington Savings Bank
Feb 27, 2006
—
Farmington Place LLC
—
Deed Of Trust
related
$1,000,000 · Farmington Savings Bank
Mar 17, 1998
—
Farmington Place LLC
—
Deed Of Trust
related
$700,000 · Farmington Savings Bank
Dec 2, 1994
$900,000
Farmington Pl LLC
Northland Prop Fund
Warranty Deed
$675,000 · Bank Of Southington
Jul 14, 1989
$3,650,000
Prop Fund I Northland
S G Partners LP
Grant Deed
related
—
—
—
Farmington Place LLC
—
Deed Of Trust
related
$60,000 · Centre Firearms Co In
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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