Financial
Distress signals
Property profile

16 Spg Ln Ste 3 Farmington, CT 06032

OFF-MARKET
Other office properties
Property ID
US15-1155324
2,340 SF Built 1985
Last sale Apr 2023 · $240,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office condominium consists of approximately one and one-half stories and is configured with multiple large offices and a dedicated reception area. It was previously used by a financial services firm, and the interior layout is set up for professional office use. The property has undergone updates including a newer roof and an updated HVAC system. It is positioned with convenient access to a highway and includes on-site parking calculated at a ratio of 4 spaces per 1,000 square feet.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$169k
Assessed improvement$169k
Effective rate2.42%

Value estimate

· Sep 2026
$230k
$207k – $253k
AI approach$250k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$112/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$99 – $150

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CR
The Intent of this to promote Industrial Uses
General categoryINDUSTRIAL
JurisdictionFARMINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.5
Restaurant9.7
Spa & Massage9.1

Location

16 Spg Ln Ste, Unit 3 Farmington, CT 06032-3177
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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