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Property profile & analytics
OFF-MARKET
Estimated value
$8,890,000
Grocery and convenience stores
196 Kitts Ln 206 Newington, CT 06111-4250
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-1032209
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
STEEL FRAME
Total area
64,912 SF
Lot
7.59 ac (330,620 SF)
Zoning code
B-BT
APN
NEWI M:24 B:72 L:0
UPID
US15-1032209
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
-
Sanitas Medical Center Medical Clinic
-
Sanitas Medical Center/newington Health
-
Dr. Richard Williams Pediatrician Physician
-
Dr. Morris Papernik Physician
-
Thomas Rinaldi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.29M
Comparable Approach
Comparable
$9.46M
Blend (final)
Blend
$8.89M
Owner & transaction history
TLG NEWINGTON LLC
TLG NEWINGTON LLC
Zoning & alternative use
B-BT · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 3.15 Special Permits Allowed in B-BT Business Berlin Turnpike Zone The following uses are declared to possess such special characteristics that each must be considered a special permit. They may be permitted by the Commission subject to the following conditions and the provisions of
Zone name
Business Berlin Turnpike
General category
COMMERCIAL
Zone area
191.97 ac
Top alternative use upside
Restaurant
$11.1M
+69.3%
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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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%
$12,225,000
6.5%
$11,285,000
7%
$10,480,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,560,000
Current use
RESTAURANT
$11,100,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,815,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,680,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,675,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$8.89M
Range $8.00M – $9.78M · ±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
$137 / 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
$322,224
Tax year 2023
Assessed value
$8,400,000
Assessed 2023
Previous assessed
$8,400,000
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$2,042,600
Assessed improvement
$6,357,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
64,912 SF
Lot
7.59 ac (330,620 SF)
Zoning code
B-BT
APN
NEWI M:24 B:72 L:0
UPID
US15-1032209
Jurisdiction
NEWINGTON
Zoning & alternative use
B-BT · Newington, CTZoning B-BT · permitted uses
B-BT · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 3.15 Special Permits Allowed in B-BT Business Berlin Turnpike Zone The following uses are declared to possess such special characteristics that each must be considered a special permit. They may be permitted by the Commission subject to the following conditions and the provisions of
Zone name
Business Berlin Turnpike
General category
COMMERCIAL
Zone area
191.97 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
RESTAURANT
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
7.59 ac
Current owner
From public records · entity-resolved
TLG NEWINGTON LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10 NEW KING ST STE #102, WHITE PLAINS, NY 10604-1208
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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