Property profile

2 Ml Ln Farmington, CT 06032

OFF-MARKET
Investment properties
Property ID
US15-0537905
3,640 SF 0.15 ac lot Built 1880
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1880
Total area 3,640 SF
Lot 0.15 ac (6,534 SF)
Zoning code B1
APN FARM M:0104 B:6-12550002
UPID US15-0537905

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Ml Ln Farmington, CT 06032-2258
Farmington metro Census 460203 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
$526k
Blend (final) Blend
$325k

Owner & transaction history

since 2015
6 recorded transactions
2015
Price N/A
2011
Price N/A
2007
Price N/A
2004
Price N/A
1998
Price N/A
1992
Price N/A

Zoning & alternative use

B1 · Farmington, CT
Zoning description

The Intent of this to promote Business Uses

General category COMMERCIAL
Top alternative use upside
Retail stores $420,000 +21.8%
Office building $410,000 +18.7%
Auto repair, garage $365,000 +6.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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