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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Showrooms
179 Tolland Tpke Manchester, CT 06042-1762
Individually Owned
24-yr Hold
Free & Clear
Property ID
US15-0725739
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,670 SF
Lot
7.52 ac (327,571 SF)
Zoning code
B2
APN
MANC M:87 B:5490 L:179
UPID
US15-0725739
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
-
Lynch Toyota Car Dealership
-
Lynch Toyota Service Auto Repair Shop
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Lynch Toyota Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.39M
Owner & transaction history
Michael B Lynch JR. · 24 yrs held
Michael B Lynch JR.
since 2001
7 recorded transactions
Zoning & alternative use
B2 · Manchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+28.2%
Office building
$3.3M
+22.8%
Auto repair, garage
$3.0M
+11.7%
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)
$2,665,000
Current use
RETAIL STORES
$3,415,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$3,270,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,975,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,810,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±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
$80 / 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
$91,590
Tax year 2023
Assessed value
$2,462,100
Assessed 2023
Previous assessed
$2,462,100
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$797,300
Assessed improvement
$1,664,800
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
29,670 SF
Lot
7.52 ac (327,571 SF)
Zoning code
B2
APN
MANC M:87 B:5490 L:179
UPID
US15-0725739
Jurisdiction
MANCHESTER
Zoning & alternative use
B2 · Manchester, CT
Zoning B2 · permitted uses
B2 · 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
$2.7M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
7.52 ac
Current owner
From public records · entity-resolved
Michael B Lynch JR.
Individual
Free & Clear · 24 yrs held
Mailing address
61 RUSHFORDE DR, MANCHESTER, CT 06040-7132
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2001
—
Hockanum Flats LLC
—
Deed Of Trust
related
$2,000,000 · Worth Funding INC
Aug 1, 2001
$400,000
Michael B Lynch JR.
Lynch Michael B Est
Grant Deed
related
—
Aug 1, 2001
$600,000
Michael B Lynch JR.
Lynch Michael B Est
Grant Deed
related
—
Jan 3, 2001
—
Morande Bros INC
—
Deed Of Trust
related
$5,100,000 · First Massachusetts Bank
Feb 22, 1999
—
R & W Associates
—
Deed Of Trust
related
$2,040,000 · Citizens Bank Of Nh
Jan 30, 1995
—
R Assoc
—
Deed Of Trust
related
$1,900,000 · Ford Motor Credit Co
Dec 6, 1994
—
Michael B Lynch
—
Deed Of Trust
related
$150,000 · Savings Bank Of Manchester
Nov 23, 1994
$700,000
R Assoc
Lynch,michael B
Warranty 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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