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Property profile & analytics
FOR LEASE
Showrooms
195 West St Cromwell, CT 06416
Individually Owned
5-yr Hold
Free & Clear
Property ID
US15-0279779
For Lease
1 / 2
$12,170,000
195 West St, Cromwell, CT 06416
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Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,627 SF
Lot
10.54 ac (459,122 SF)
Zoning code
HB
APN
CROM M:00424500
UPID
US15-0279779
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
-
Stop & Shop Grocery & Convenience Store Food Market
-
M&T Bank Bank Loan Service
-
Western Union Bank Credit Union
-
Mattress Firm Cromwell Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.20M
Blend (final)
Blend
$12.17M
Owner & transaction history
Nl Grocery 2 Dst · 5 yrs held
Nl Grocery 2 Dst
since 2021
5 recorded transactions
Zoning & alternative use
HB · Cromwell, 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 Cromwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cromwell 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)
$9,740,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,565,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$12.17M
Range $10.95M – $13.39M · ±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
$151 / 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
$335,086
Tax year 2023
Assessed value
$11,393,620
Assessed 2023
Previous assessed
$11,393,620
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$2,107,700
Assessed improvement
$9,285,920
Applied tax rate
256.0000
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
For Lease
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
9
Total area
80,627 SF
Lot
10.54 ac (459,122 SF)
Zoning code
HB
APN
CROM M:00424500
UPID
US15-0279779
Jurisdiction
CROMWELL
Zoning & alternative use
HB · Cromwell, CT
Zoning HB · permitted uses
HB · Cromwell, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cromwell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
COMMERCIAL (GENERAL) Current
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
9
Lot
10.54 ac
Current owner
From public records · entity-resolved
Nl Grocery 2 Dst
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
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
Mar 26, 2021
—
Nl Grocery 2 Dst
R A Cromwell LLC
Warranty Deed
—
Feb 23, 2001
$31,100
Lcp Supermarkets
Montowese Ind Park INC
Warranty Deed
—
Feb 23, 2001
$10,705,892
Ra Cromwell LLC
Montowese Ind Park INC
Warranty Deed
—
Feb 23, 2001
—
Ra Cromwell LLC
—
Grant Deed
related
$9,965,646 · First Union National Bank
—
—
Ra Cromwell LLC
—
Deed Of Trust
related
$147,035,000 · Kref Lndg I LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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