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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Motels
1800 Berlin Tpke Wethersfield, CT 06109-1305
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0622351
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,836 SF
Lot
0.9 ac (39,204 SF)
Zoning code
RC
APN
WETH M:032 B:007
UPID
US15-0622351
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
-
Elm Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$395k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Tilak 1800 LLC · 5 yrs held
Tilak 1800 LLC
since 2021
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
RC · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$785,000
+158.7%
Commercial (general)
$730,000
+141.7%
Retail stores
$660,000
+117.9%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
$605,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$395,000
7%
$365,000
Alternative Use
Use
Estimation
RESTAURANT
$785,000
Change: +159% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +142% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +118% · Conversion: Difficult
AUTO REPAIR, GARAGE
$535,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $500k (Apr 19 2021)
Last sale anchor
$500k
Apr 19 2021
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
$75 / 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
$12,385
Tax year 2023
Assessed value
$296,440
Assessed 2023
Previous assessed
$296,440
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$133,780
Assessed improvement
$162,660
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
24
Total area
6,836 SF
Lot
0.9 ac (39,204 SF)
Zoning code
RC
APN
WETH M:032 B:007
UPID
US15-0622351
Jurisdiction
WETHERSFIELD
Zoning & alternative use
RC · Wethersfield, CT
Zoning RC · permitted uses
RC · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RETAIL STORES
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
MEDICAL BUILDING
Est. value
$485,000
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
24
Lot
0.9 ac
Current owner
From public records · entity-resolved
Tilak 1800 LLC
Entity
Mailing address
1680 BERLIN TPKE, WETHERSFIELD, CT 06109-1304
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$500,000
Tilak 1800 LLC
1800 Berlin Turnpike LLC
Warranty Deed
$1,275,000 · Richard G Manner
Jul 21, 2010
$1
1800 Berlin Tpke LLC
Manner,richard G
Warranty Deed
—
Jun 10, 1999
—
Richard G Manor
—
Deed Of Trust
related
$350,000 · Dorothy G Manner
Aug 1, 1991
$500,000
Richard Manner
Patel,vinu
Warranty Deed
—
Jan 28, 1987
$750,000
Vinu Patel
Manner,richard G
Grant Deed
$500,000 · Zenon Grzybowski
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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