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Property profile & analytics
OFF-MARKET
Warehouses
172 Flanders St Southington, CT 06489-2096
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US15-0203668
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Construction
FRAME
Total area
4,920 SF
Lot
1.78 ac (77,537 SF)
Zoning code
R-12L
APN
SOUT M:134 L:009
UPID
US15-0203668
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
-
Apple Valley Home Improvements Construction Company General Contractor
-
Le Page Homes Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lepage Hldgs LLC · 23 yrs held
Lepage Hldgs LLC
since 2003
6 recorded transactions
Zoning & alternative use
R-12L · Southington, 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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,108
Tax year 2023
Assessed value
$201,180
Assessed 2023
Previous assessed
$201,180
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$100,930
Assessed improvement
$100,250
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
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
4,920 SF
Lot
1.78 ac (77,537 SF)
Zoning code
R-12L
APN
SOUT M:134 L:009
UPID
US15-0203668
Jurisdiction
SOUTHINGTON
Zoning & alternative use
R-12L · Southington, CT
Zoning R-12L · permitted uses
R-12L · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Lepage Hldgs LLC
Entity
Mailing address
172 FLANDERS ST, SOUTHINGTON, CT 06489-2096
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
Lepage Holdings LLC
—
Deed
related
$300,000 · William D Lepage
Dec 29, 2011
—
Lapage Homes INC
—
Deed Of Trust
related
$1,000,000 · Webster Bank
Sep 13, 2010
—
Lepage Holdings LLC
—
Deed Of Trust
related
$250,000 · Webster Bank
Mar 28, 2003
$90,000
Lepage Hldgs LLC
Lepage Homes LLC
Grant Deed
related
$90,000 · Zenon Grzybowski
Mar 11, 1994
$120,000
Lepage Homes INC
Mastrianni,frances J
Grant Deed
—
Sep 22, 1987
$50,000
Homes Lepage
Pocock,helen
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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