Entity Owned Property summary
AI-generated overview
The property is a third-floor rental unit located at 156 College Street in Middletown. It provides a two-bedroom layout with 1.5 bathrooms and features an updated kitchen and hardwood flooring throughout. Interior characteristics include exposed beams and cathedral ceilings in the main living areas. The unit is situated within walking distance of downtown amenities such as restaurants and shops. The heating and hot-water services are included in the building’s utility setup.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
3,666 SF
Lot
0.13 ac (5,663 SF)
Zoning code
DVD
APN
MTWN M:24 L:0106
UPID
US15-0575353
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$325k
Owner & transaction history
since 2024
Last sale
$326,000
4 recorded transactions
Zoning & alternative use
DVD · Middletown, CT
Zoning description
§2.8 DVD- Downtown Village District Zone. 1. Description. The purpose of this code is to protect the distinctive character, landscape, and historic structures within said district. It is the intent of this code to encour…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$325k
Value range
$293k – $358k
±10% around blend
Estimated value / SF
$89 / SF
Confidence
High
15 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$293k
blend $325k
$358k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,666 SF
Lot area
0.13 ac
Year built
1920
Stories
3
APN
MTWN M:24 L:0106
Zoning
DVD
Assessed value
$221,550
Annual tax
$7,776
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$534k
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.0 mi away · 3,688 SF
12.2 mi away · 3,348 SF
13.6 mi away · 3,613 SF
13.9 mi away · 3,556 SF
14.7 mi away · 4,465 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$325k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$110
-20%
Submarket 72 sales
$110
-20%
County 272 sales
$137
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $89/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$326k
Move the market yield to see immediate price impact.
Value / SF
$89
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$21k
$411k
$293k
$228k
$23k
$456k
$326k
$254k
$25k
$502k
$359k
$279k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$210k
0.5 mi · Dec 2025 · $68/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,776
Tax year 2023
Assessed value
$221,550
Assessed 2023
Previous assessed
$221,550
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$93,280
Assessed improvement
$128,270
Applied tax rate
250.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
STEAM
Buildings
1
Stories
3
Units
3
Total area
3,666 SF
Lot
0.13 ac (5,663 SF)
Zoning code
DVD
APN
MTWN M:24 L:0106
UPID
US15-0575353
Jurisdiction
MIDDLETOWN
Zoning & alternative use
DVD · Middletown, CTZoning DVD · permitted uses
DVD · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
§2.8 DVD- Downtown Village District Zone. 1. Description. The purpose of this code is to protect the distinctive character, landscape, and historic structures within said district. It is the intent of this code to encour…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1920
Heating
STEAM
Stories
3
Buildings
1
Units
3
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
DVD
COMMERCIAL
Jurisdiction
Middletown, CT
Recorded code
DVD
Official district
DVD
Official district profile
What the municipal code says about DVD
Zoning description
§2.8 DVD- Downtown Village District Zone. 1. Description. The purpose of this code is to protect the distinctive character, landscape, and historic structures within said district. It is the intent of this code to encour…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DVD in Middletown, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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