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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
154 Rte 2nd 2 Preston, CT 06365-8520
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-0118831
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,223 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C-1
APN
PRES M:23-0 B:2 L:154
UPID
US15-0118831
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iza LLC · 8 yrs held
Iza LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-1 · Preston, 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 Preston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Preston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,187
Tax year 2023
Assessed value
$226,030
Assessed 2023
Previous assessed
$226,030
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$91,910
Assessed improvement
$134,120
Applied tax rate
366.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
4,223 SF
Lot
1.9 ac (82,764 SF)
Zoning code
C-1
APN
PRES M:23-0 B:2 L:154
UPID
US15-0118831
Jurisdiction
PRESTON
Zoning & alternative use
C-1 · Preston, CT
Zoning C-1 · permitted uses
C-1 · Preston, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Preston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Iza LLC
Entity
Mailing address
40 STONE RDG, MANSFIELD CENTER, CT 06250-1550
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2018
$280,000
Iza LLC
154 Route 2 LLC
Warranty Deed
$180,000 · 154 Route 2 LLC
Dec 6, 2011
$1
154 Route 2 LLC
Dorr,gladys L
Grant Deed
related
—
Dec 1, 2011
$205,000
Gladys L Dorr
Bayview Loan Svcng LLC
Warranty Deed
—
May 25, 2011
—
Bayview Loan Servicing
Ramzy 154 LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Apr 5, 2007
$490,000
Ramzy 154 LLC
Zamp Realty LLC
Warranty Deed
$318,500 · Interbay Funding LLC
Apr 5, 2007
—
Ramzy 154 LLC
—
Deed Of Trust
related
$100,000 · Zamp Realty LLC
Oct 20, 1998
$232,000
Zamp Rlty LLC
Reffel,herman
Warranty Deed
$270,000 · Jewett City Savings Bank
Oct 20, 1998
—
Zamp Rlty LLC
—
Deed Of Trust
related
$114,965 · Zenon Grzybowski
Oct 18, 1994
—
Herman J Reffel
—
Deed Of Trust
related
$270,000 · Jewett City Savings Bank
Jul 3, 1990
—
Angie Zamperini
—
Deed Of Trust
related
$67,000 · Mechanics Savings Bank
Mar 13, 1990
—
Angie Zamperini
—
Deed Of Trust
related
$60,000 · Mechanics Savings Bank
Jan 3, 1989
$373,000
Herman Reffel
Paster,isaac
Grant Deed
$300,000 · Zenon Grzybowski
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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