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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Retail space
2 Eastview Dr Farmington, CT 06032-1230
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US15-0830882
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
21,220 SF
Lot
3.82 ac (166,399 SF)
Zoning code
CR
APN
FARM M:0037 B:3
UPID
US15-0830882
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
-
Complexity: A Puzzling Adventure Arcade & Gaming Center
-
Winaw Wines LLC Storage Facility
-
Waterware Showrooms of Farmington Kitchen & Bath Showroom Furniture & Home Goods
-
Plimpton & Hills Farmington Big Box & Wholesale Store Building Supply
-
Finman Windows LLC Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.09M
Owner & transaction history
2 Eastview Drive LLC · 12 yrs held
2 Eastview Drive LLC
since 2013
7 recorded transactions
Zoning & alternative use
CR · Farmington, 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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$51 / 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
$24,087
Tax year 2023
Assessed value
$994,910
Assessed 2023
Previous assessed
$994,910
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$158,270
Assessed improvement
$836,640
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
21,220 SF
Lot
3.82 ac (166,399 SF)
Zoning code
CR
APN
FARM M:0037 B:3
UPID
US15-0830882
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CT
Zoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
2 Eastview Drive LLC
Entity
Mailing address
300 RESEARCH PKWY, MERIDEN, CT 06450-7137
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2013
$735,000
2 Eastview Drive LLC
Monument Realty INC
Quit Claim Deed
$25,000 · Peoples Bank
Feb 6, 2009
—
Michael B Guarco
—
Deed Of Trust
related
$1,300,000 · Northwest Community Bank
Mar 20, 2008
—
Michael B Guarco
—
Deed Of Trust
related
$900,000 · G&f Assoc
Apr 16, 1999
—
Michael B Guarco
—
Deed Of Trust
related
$3,450,000 · Savings Bank Of Manchester
Sep 23, 1998
—
Michael B Guarco
—
Deed Of Trust
related
$1,000,000 · Savings Bank Of Manchester
Sep 5, 1996
—
Michael B Guarco
—
Deed Of Trust
related
$1,048,000 · Fleet Mortgage Corp
May 7, 1991
—
Michael Guraco
—
Deed Of Trust
related
$2,750,000 · Fleet National Bank
Jul 9, 1990
—
Michael B Guarco
—
Deed Of Trust
related
$1,600,000 · United Bank & Trust Co
Aug 31, 1988
$1,158,000
Michael B Guarco
United Bk & Tr Co
Grant Deed
$750,000 · Winsted Savings Bank
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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