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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Retail space
1599 Rd Farmington, CT 06032-2604
Entity Owned
12-yr Hold
Free & Clear
Property ID
US15-0713184
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
21,670 SF
Lot
1.42 ac (61,855 SF)
Zoning code
B2
APN
FARM M:0123 B:2
UPID
US15-0713184
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
$3.71M
Blend (final)
Blend
$3.22M
Owner & transaction history
Farmington S East Rd LLC · 12 yrs held
Farmington S East Rd LLC
since 2014
7 recorded transactions
Zoning & alternative use
B2 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+48.6%
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
RETAIL STORES
$2,495,000
Current use
RESTAURANT
$3,705,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$2,430,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,175,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,050,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.22M
Range $2.90M – $3.54M · ±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
$149 / 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
$70,510
Tax year 2023
Assessed value
$2,912,420
Assessed 2023
Previous assessed
$2,912,420
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$429,380
Assessed improvement
$2,483,040
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
21,670 SF
Lot
1.42 ac (61,855 SF)
Zoning code
B2
APN
FARM M:0123 B:2
UPID
US15-0713184
Jurisdiction
FARMINGTON
Zoning & alternative use
B2 · Farmington, CT
Zoning B2 · permitted uses
B2 · 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
RETAIL STORES Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Farmington S East Rd LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1400 OLD COUNTRY RD, WESTBURY, NY 11590-5125
Ownership since
2014
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
Jan 15, 2014
—
Farmington S East Rd LLC
Bn Ct Qrs 11 57 INC
Warranty Deed
related
—
Mar 1, 2007
—
Isabel Tartaglia
—
Deed Of Trust
related
$2,600,000 · Citizens Bank Of Ct
Mar 13, 2002
—
Remo Tartaglia JR.
—
Deed Of Trust
related
$3,400,000 · First Union National Bank
May 21, 1997
—
Remo Tartaglia
—
Deed Of Trust
related
$3,500,000 · First Union Bank Of Ct
Jun 30, 1994
—
Books Ct Qrs 11 15 INC
—
Deed Of Trust
related
$3,000,000 · Ge Capital Mortgage Service
Feb 24, 1993
$4,197,000
Ct Qrs 11-15 Books
Oakbrook Dev Corp
Grant Deed
—
Feb 24, 1993
$3,500,000
Oakbrook Dev Corp
Ginsberg,gary R
Grant Deed
—
—
—
S E Rd Farmington
—
Deed Of Trust
related
$3,637,500 · Easthampton Svgs 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.
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