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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Investment properties
2 Main St Plainville, CT 06062-1970
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-1252605
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
STEEL FRAME
Total area
27,961 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CC
APN
PLAI M:29 B:A L:05
UPID
US15-1252605
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
-
Flipping and Stones Furniture & Home Goods Home Decor Store
-
Iglesia Pentecostal Bajo su Gracia Inc. Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.16M
Owner & transaction history
Downtown Center Apts L · 8 yrs held
Downtown Center Apts L
since 2017
6 recorded transactions
Zoning & alternative use
CC · Plainville, 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 Plainville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainville 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
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$41 / 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
$18,176
Tax year 2023
Assessed value
$578,480
Assessed 2023
Previous assessed
$578,480
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$79,310
Assessed improvement
$499,170
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Units
18
Total area
27,961 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CC
APN
PLAI M:29 B:A L:05
UPID
US15-1252605
Jurisdiction
PLAINVILLE
Zoning & alternative use
CC · Plainville, CT
Zoning CC · permitted uses
CC · Plainville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Units
18
Lot
0.62 ac
Current owner
From public records · entity-resolved
Downtown Center Apts L
Individual
Mailing address
PO BOX 1195, BRISTOL, CT 06011-1195
Ownership since
2017
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
May 12, 2021
—
Downtown Ctr Apt LLC
—
Deed
related
$1,120,000 · Northwest Community Bank
Nov 21, 2017
$935,000
Downtown Center Apts L
2-16 East Main Street
Warranty Deed
$748,000 · Peoples United Bank
Nov 26, 2002
$500,000
2-16 E Main St.
Neri,josephine A
Warranty Deed
$400,000 · John Mazzuka
Jul 22, 2002
$100,000
Frederick Franklin
Basile,patte
Warranty Deed
—
Mar 15, 1993
—
Josephine Neri
—
Deed Of Trust
related
$130,636 · Plainville Town
Jun 19, 1992
—
Neri,jospeh Tr
—
Deed Of Trust
related
$13,500 · Plainville Town
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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