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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Showrooms
178 Hartford Rd Manchester, CT 06040-5986
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-1230883
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,856 SF
Lot
0.56 ac (24,394 SF)
Zoning code
IND
APN
MANC M:80 B:2710 L:178
UPID
US15-1230883
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
-
Seitz Doreen B Physician
-
SightMD Connecticut Manchester Eye Care Center Ophthalmologist
-
Heaths Tax & Accounting Service LLC Accounting Firm Tax Preparation
-
Shimy Apoorva, DO - SightMD Connecticut Manchester Ophthalmologist
-
Edward Osborn Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.40M
Owner & transaction history
Terravet Eye Manchester L · 1 yrs held
Terravet Eye Manchester L
since 2024
4 recorded transactions
Zoning & alternative use
IND · Manchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+87.7%
Retail stores
$1.4M
+26.3%
Office building
$1.3M
+21.0%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
COMMERCIAL (GENERAL)
$1,080,000
Current use
RESTAURANT
$2,025,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$1,365,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$1,305,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,190,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,125,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$118 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$42,904
Tax year 2024
Assessed value
$1,109,200
Assessed 2024
Previous assessed
$1,109,200
+0.0% YoY
Effective rate
3.87%
On assessed value
Assessed land
$76,700
Assessed improvement
$1,032,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Total area
11,856 SF
Lot
0.56 ac (24,394 SF)
Zoning code
IND
APN
MANC M:80 B:2710 L:178
UPID
US15-1230883
Jurisdiction
MANCHESTER
Zoning & alternative use
IND · Manchester, CT
Zoning IND · permitted uses
IND · Manchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Lot
0.56 ac
Current owner
From public records · entity-resolved
Terravet Eye Manchester L
Individual
Free & Clear · 1 yrs held
Mailing address
33 ROCK HL RD, BALA CYNWYD, PA 19004-2019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 6, 2024
—
Terravet Eye Manchester L
Manchester Properties LLC
Warranty Deed
—
Mar 2, 2012
—
Manchester Props LLC
—
Deed Of Trust
related
$985,000 · Liberty Bank
Dec 8, 1997
$640,000
Manchester Prop LLC
Savings Bank Rockville
Warranty Deed
$512,000 · Savings Bank Of Manchester
Apr 5, 1989
$10,000
Urbanetti Prop
Wodal,janette
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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