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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Industrial properties
199 White Oak Dr Berlin, CT 06037-1638
Entity Owned
6-yr Hold
Free & Clear
Property ID
US15-0769637
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,826 SF
Lot
2.37 ac (103,237 SF)
Zoning code
PI
APN
BERL M:11-1 B:127 L:10U
UPID
US15-0769637
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
-
M. Frank Higgins & Co. Inc. General Contractor Renovation Specialist
-
Higgins Flooring Services Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.36M
Owner & transaction history
St Cloud Realty LLC · 6 yrs held
St Cloud Realty LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
PI · Berlin, 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 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
$1,395,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,205,000
Current use
WAREHOUSE, STORAGE
$1,775,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Feb 19 2020)
Last sale anchor
$1.35M
Feb 19 2020
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
$43 / 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
$34,576
Tax year 2023
Assessed value
$1,169,700
Assessed 2023
Previous assessed
$1,169,700
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$191,700
Assessed improvement
$978,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
31,826 SF
Lot
2.37 ac (103,237 SF)
Zoning code
PI
APN
BERL M:11-1 B:127 L:10U
UPID
US15-0769637
Jurisdiction
BERLIN
Zoning & alternative use
PI · Berlin, CT
Zoning PI · permitted uses
PI · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
St Cloud Realty LLC
Entity
Free & Clear · 6 yrs held
Mailing address
780 N MTN RD, NEWINGTON, CT 06111-1415
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
St Cloud Realty LLC
—
Deed
related
$1,600,000 · Liberty Bank
Aug 23, 2022
—
St Cloud Realty LLC
—
Deed
related
$1,850,000 · Td Bank NA
Feb 19, 2020
$1,350,000
St Cloud Realty LLC
Rw Ramsey Realty Corp
Warranty Deed
—
Oct 2, 1998
—
Real Estate INC
—
Deed Of Trust
related
$1,100,000 · Mechanics Savings Bank
Mar 19, 1998
$190,000
Bf Re INC
Knaus Dev Co LLC
Warranty Deed
—
Feb 25, 1997
$1,140,000
Eastern Realty Corpora
Wisk,william R
Warranty Deed
—
Mar 31, 1993
—
William Wisk
—
Deed Of Trust
related
$1,050,000 · Mechanics Savings Bank
Mar 9, 1989
$320,000
William Wisk
Knaus Dev Co
Grant Deed
$1,250,000 · Bank Of Boston Ct
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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