Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$17,000,000
Turn key restaurants
150 Kitts Ln Newington, CT 06111-4248
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0253828
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
STEEL FRAME
Total area
6,364 SF
Lot
1.49 ac (64,904 SF)
Zoning code
B-BT
APN
NEWI M:24 B:71 L:0
UPID
US15-0253828
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
-
Kitts Lane Sewer & Drains Plumbing Service General Contractor
-
Joey Garlics' Newington Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.00M
Owner & transaction history
172 Kitts LLC · 2 yrs held
172 Kitts LLC
since 2024
Last sale
$17.0M
7 recorded transactions
Zoning & alternative use
B-BT · Newington, 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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
$17,000,000
ML approach
$17,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.00M
Range $15.30M – $18.70M · ±10% · vs last sale $17.00M (Apr 16 2024)
Last sale anchor
$17.00M
Apr 16 2024
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
$2,671 / 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
$40,180
Tax year 2023
Assessed value
$1,047,440
Assessed 2023
Previous assessed
$1,047,440
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$293,720
Assessed improvement
$753,720
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
6,364 SF
Lot
1.49 ac (64,904 SF)
Zoning code
B-BT
APN
NEWI M:24 B:71 L:0
UPID
US15-0253828
Jurisdiction
NEWINGTON
Zoning & alternative use
B-BT · Newington, CT
Zoning B-BT · permitted uses
B-BT · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
172 Kitts LLC
Entity
Free & Clear · 2 yrs held
Mailing address
150 KITTS LN NEWINGTON
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
$17,000,000
172 Kitts LLC
Trident Connecticut LLC
Deed
—
Dec 16, 2004
$33,100,000
Tlg Newington LLC
Taurus New Commons LLC
Warranty Deed
$15,000,000 · Morgan Stanley Dean
Jun 25, 2004
$21,900,000
Taurus Newi Commons LLC
Newington Daytona Rlty LP
Warranty Deed
related
$37,000,000 · Zuckerman Family Nomi
Jul 31, 1997
$11,075,000
Newington Daytona Beac
Newington Commons Shop
Warranty Deed
related
—
Jul 31, 1997
$10,100,000
Newington Daytona Beac
Pioneer Newington Co
Warranty Deed
related
—
Oct 4, 1996
—
Pioneer Newington Co
—
Deed Of Trust
related
$7,350,000 · Nationwide Life Ins
Jan 19, 1996
—
Pioneer Newington Co
—
Deed Of Trust
related
$16,000,000 · Fleet Mortgage Corp
Oct 11, 1995
—
Pioneer Newington Co
—
Deed Of Trust
related
$3,240,000 · Newell A Stamm
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 150 Kitts Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
