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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Warehouses
16 Progress Ave Seymour, CT 06483-3921
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0790099
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
73,745 SF
Lot
11.4 ac (496,584 SF)
Zoning code
GI-2
APN
SEYM M:1-0-5 L:12-L
UPID
US15-0790099
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
-
Thule Group Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.10M
Owner & transaction history
Thule INC · 5 yrs held
Thule INC
since 2021
Last sale
$9.0M
2 recorded transactions
Zoning & alternative use
GI-2 · Seymour, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.8M
+148.5%
Commercial (general)
$8.3M
+91.5%
Office building
$8.3M
+90.1%
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 Seymour submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seymour 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
$8,865,000
ML approach
$9,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,785,000
Change: +148% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,310,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$8,250,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$8,000,000
Change: +84% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,720,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,690,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.00M (Jun 10 2021)
Last sale anchor
$9.00M
Jun 10 2021
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
$123 / 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
$73,689
Tax year 2023
Assessed value
$2,048,060
Assessed 2023
Previous assessed
$2,048,060
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$248,430
Assessed improvement
$1,799,630
Applied tax rate
309.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
73,745 SF
Lot
11.4 ac (496,584 SF)
Zoning code
GI-2
APN
SEYM M:1-0-5 L:12-L
UPID
US15-0790099
Jurisdiction
SEYMOUR
Zoning & alternative use
GI-2 · Seymour, CT
Zoning GI-2 · permitted uses
GI-2 · Seymour, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seymour. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$8.3M
OFFICE BUILDING
Est. value
$8.3M
RETAIL STORES
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.7M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
11.4 ac
Current owner
From public records · entity-resolved
Thule INC
Entity
Free & Clear · 5 yrs held
Mailing address
42 SILVERMINE RD, SEYMOUR, CT 06483-3907
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
$9,000,000
Thule INC
Lawrence M Janesky T
Deed
—
Jun 10, 2021
—
Mark C Valentine
Mark C Valentine
Deed
related
—
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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