New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Office buildings
1577 New Britain Ave, Farmington, CT 06032-3360
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US15-1308463
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
13,143 SF
Lot
4.49 ac (195,584 SF)
Zoning code
CR
APN
FARM M:0114 B:8
UPID
US15-1308463
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
-
Primacy Advertising Agency Marketing & Advertising
-
Mediate.ly Marketing & Advertising Advertising Agency
-
A - FCC Air Duct Cleaning & Dryer Vent Cleaning Services Co, CT General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.00M
Owner & transaction history
Mig Ventures LLC · 14 yrs held
Mig Ventures LLC
since 2011
7 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+2.6%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,475,000
Current use
RETAIL STORES
$1,515,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,320,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,240,000
Change: -16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,210,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$76 / 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
$25,514
Tax year 2023
Assessed value
$1,053,850
Assessed 2023
Previous assessed
$1,053,850
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$287,070
Assessed improvement
$766,780
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
13,143 SF
Lot
4.49 ac (195,584 SF)
Zoning code
CR
APN
FARM M:0114 B:8
UPID
US15-1308463
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
OFFICE BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
4.49 ac
Current owner
From public records · entity-resolved
Mig Ventures LLC
Entity
Mailing address
1577 NEW BRITAIN AVE, FARMINGTON, CT 06032-3360
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2017
—
Mig Ventures LLC
—
Deed
related
$2,000,000 · Wells Fargo Bk
Jul 11, 2011
$1,500,000
Mig Ventures LLC
1577 New Britain Ave LLC
Warranty Deed
$980,000 · Rbs Citizens Bank NA
Jun 25, 2010
$575,000
1577 New Britain Ave LLC
Bayview Loan Svcng LLC
Warranty Deed
$420,000 · Webster Bank
Aug 25, 2009
—
Bayview Loan Svcng LLC
Ecos Center LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 28, 2003
—
Ecos Center LLC
—
Deed Of Trust
related
$240,000 · Paul R Goldschmidt Tr
Jan 4, 1999
$45,000
Mountain Prop LLC
Ecos LLC
Warranty Deed
$425,000 · American Bank Of Conneticut
Feb 17, 1998
$1,036,000
Ecos LLC
Ecos LLC
Warranty Deed
related
$1,050,000 · Bank Of Boston Ct
—
—
Mig Ventures LLC
—
Deed Of Trust
related
$1,100,000 · Wells Fargo Bk
—
—
Mig Ventures LLC
—
Deed Of Trust
related
$2,000,000 · Wells Fargo Bk
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 1577 New Britain Ave?
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.
