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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Banks
198 Amity Rd Woodbridge, CT 06525-2205
Individually Owned
30-yr Hold
Free & Clear
Property ID
US15-0661220
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Construction
FRAME
Total area
10,335 SF
Lot
0.55 ac (23,958 SF)
Zoning code
GB
APN
WBRD M:02701 B:00030 L:198
UPID
US15-0661220
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
-
Wellspring Consulting Business Management Consultant
-
M&T Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$585k
Owner & transaction history
Frank Perrotti JR. · 30 yrs held
Frank Perrotti JR.
since 1996
6 recorded transactions
Zoning & alternative use
GB · Woodbridge, 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 Woodbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbridge 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: -13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: -14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$815,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$57 / 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
$64,721
Tax year 2023
Assessed value
$1,435,700
Assessed 2023
Previous assessed
$1,435,700
+0.0% YoY
Effective rate
4.51%
On assessed value
Assessed land
$220,430
Assessed improvement
$1,215,270
Applied tax rate
314.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
10,335 SF
Lot
0.55 ac (23,958 SF)
Zoning code
GB
APN
WBRD M:02701 B:00030 L:198
UPID
US15-0661220
Jurisdiction
WOODBRIDGE
Zoning & alternative use
GB · Woodbridge, CT
Zoning GB · permitted uses
GB · Woodbridge, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodbridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$965,000
COMMERCIAL (GENERAL)
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
INDUSTRIAL (GENERAL)
Est. value
$815,000
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Frank Perrotti JR.
Individual
Free & Clear · 30 yrs held
Mailing address
1 M AND T PLZ, BUFFALO, NY 14203-2303
Ownership since
1996
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
Jul 12, 1996
$23,600
Frank Perrotti JR.
Perrotti,chester A JR
Grant Deed
related
—
Jun 26, 1991
—
Chester Perrotti
—
Deed Of Trust
related
$60,000 · Bank Of New Haven
Jan 3, 1991
$185,000
Frank Perrotti JR.
Perrotti,chester A
Warranty Deed
related
—
Jan 3, 1991
—
Chester A Perrotti JR.
—
Deed Of Trust
related
$402,421 · Bank Of New Haven
Jul 17, 1990
—
Chester A Perrotti
—
Deed Of Trust
related
$612,421 · Bank Of New Haven
Apr 14, 1988
—
Chester A Perrotti
—
Deed Of Trust
related
$205,000 · Bank Of New Haven
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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