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Property profile & analytics
OFF-MARKET
Estimated value
$2,455,000
Individual retail properties
15 Executive Dr Farmington, CT 06032-2839
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0632632
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2005
Total area
23,144 SF
Lot
3.37 ac (146,797 SF)
Zoning code
CR
APN
FARM M:0148 B:37 L:2
UPID
US15-0632632
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
-
Legacy Church Church
-
TurleyCT Community Publications Publishing House Newspaper & Magazine
-
National Personal Training Institute Vocational School Training Center
-
Rhythmic Angels Gymnastics Gym & Fitness Center
-
Plan 4 Health Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.46M
Owner & transaction history
Legacy Church INC · 3 yrs held
Legacy Church INC
since 2022
Last sale
$2.5M
2 recorded transactions
Zoning & alternative use
CR · Farmington, 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 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
$2,460,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,700,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,125,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,950,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,915,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,900,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,885,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.45M (Dec 2 2022)
Last sale anchor
$2.45M
Dec 2 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
$106 / 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
$43,471
Tax year 2023
Assessed value
$1,795,570
Assessed 2023
Previous assessed
$1,795,570
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$268,380
Assessed improvement
$1,527,190
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
23,144 SF
Lot
3.37 ac (146,797 SF)
Zoning code
CR
APN
FARM M:0148 B:37 L:2
UPID
US15-0632632
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CT
Zoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
Legacy Church INC
Entity
Mailing address
15 EXECUTIVE DR, FARMINGTON, CT 06032-2839
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
$2,450,000
Legacy Church INC
Powerhouse Partners LLC
Warranty Deed
$2,750,000 · Christian Fncl Resour
Dec 22, 2016
—
Powerhouse Partners Ll
—
Deed
related
$1,800,000 · Thomaston Savings Bank
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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