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Property profile & analytics
OFF-MARKET
Estimated value
$7,260,000
Industrial properties
1690 New Britain Ave, Farmington, CT 06032-3361
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US15-1258231
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
168,296 SF
Lot
15.8 ac (688,248 SF)
Zoning code
C1
APN
FARM M:0127 B:2B
UPID
US15-1258231
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
-
Allied World Assurance Company Insurance Agency
-
Mott Corporation Industrial Manufacturer Production Facility
-
AIG Insurance Agency
-
directDME Home Health Care Service Hearing Aid Store
-
Darwin Professional Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.68M
Blend (final)
Blend
$7.26M
Owner & transaction history
Albany Road Farmington · 11 yrs held
Albany Road Farmington
since 2014
4 recorded transactions
Zoning & alternative use
C1 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$11,665,000
Current use
WAREHOUSE, STORAGE
$9,390,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$7.26M
Range $6.53M – $7.99M · ±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
$43 / 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
$239,973
Tax year 2023
Assessed value
$9,912,140
Assessed 2023
Previous assessed
$9,912,140
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$829,500
Assessed improvement
$9,082,640
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
168,296 SF
Lot
15.8 ac (688,248 SF)
Zoning code
C1
APN
FARM M:0127 B:2B
UPID
US15-1258231
Jurisdiction
FARMINGTON
Zoning & alternative use
C1 · Farmington, CT
Zoning C1 · permitted uses
C1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$11.7M
WAREHOUSE, STORAGE
Est. value
$9.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1961
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
15.8 ac
Current owner
From public records · entity-resolved
Albany Road Farmington
Individual
Mailing address
155 FEDERAL ST STE #1202, BOSTON, MA 02110-1735
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2014
—
Albany Road Farmington
S&i Realty Associates
Warranty Deed
$16,400,000 · Barclays Bk Delaware
Feb 3, 2011
—
S&i Realty Assoc LLC
—
Deed Of Trust
related
$14,500,000 · Newalliance Bank
Oct 23, 2007
—
S&i Realty Assoc LLC
—
Deed Of Trust
related
$14,000,000 · Bank Of Western Massachusetts
Jan 31, 2006
$3,600,000
S&i Realty Assoc LLC
Hamilton Sundstrand Corp
Warranty Deed
$2,520,000 · Zuckerman Family Nomi
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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