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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Theaters & concert halls
19 Frontage Rd Berlin, CT 06037-2354
Entity Owned
10-yr Hold
Free & Clear
Property ID
US15-0380008
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1990
Construction
STEEL FRAME
Total area
58,129 SF
Lot
11.47 ac (499,633 SF)
Zoning code
PS-A
APN
BERL M:10-3 B:83C L:22B
UPID
US15-0380008
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
-
Picture Show at Berlin Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Rave Berlin LLC · 10 yrs held
Rave Berlin LLC
since 2016
6 recorded transactions
Zoning & alternative use
PS-A · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Planned Shopping A
General category
COMMERCIAL
Zone area
114.88 ac
Source
Realmo
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$13 / 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
$129,103
Tax year 2023
Assessed value
$4,367,500
Assessed 2023
Previous assessed
$4,367,500
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$745,300
Assessed improvement
$3,622,200
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
58,129 SF
Lot
11.47 ac (499,633 SF)
Zoning code
PS-A
APN
BERL M:10-3 B:83C L:22B
UPID
US15-0380008
Jurisdiction
BERLIN
Zoning & alternative use
PS-A · Berlin, CTZoning PS-A · permitted uses
PS-A · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Planned Shopping A
General category
COMMERCIAL
Zone area
114.88 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
11.47 ac
Current owner
From public records · entity-resolved
Rave Berlin LLC
Entity
Free & Clear · 10 yrs held
Mailing address
19 FRONTAGE RD, BERLIN, CT 06037-2354
Ownership since
2016
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
Jan 21, 2016
—
Rave Berlin LLC
Store Master Funding 6
Warranty Deed
—
Aug 7, 2014
$9,570,000
Store Master Funding 6
Starplex Operating LLC
Warranty Deed
$200,000,000 · Citibank NA
May 16, 2013
$6,100,000
Starplex Operating LLC
Rave Berlin LLC
Warranty Deed
—
Dec 23, 2009
$1
Rave Berlin LLC
Natl Amusements INC
Warranty Deed
—
May 7, 2009
—
National Amusements INC
—
Deed Of Trust
related
$999,999,999 · Webster Bank
Mar 2, 1990
$4,070,000
National Amusements
R&w Assoc
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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