Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Office buildings
2 Research Dr Stratford, CT 06615-7126
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0816023
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,114 SF
Lot
0.51 ac (22,216 SF)
Zoning code
MA
APN
STRA M:20-5 B:2 L:3
UPID
US15-0816023
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
-
Center for Human Services Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.36M
Owner & transaction history
2 Research Dr LLC · 6 yrs held
2 Research Dr LLC
since 2020
3 recorded transactions
Zoning & alternative use
MA · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
enter) LB Limited Business B LBB Office Park District OP Retail Commercial A CA Retail Commercial F CF Retail Commercial Neighborhood CNC Waterfront Business District WF Industrial Coastal Industrial MC Light Industrial MA General Industrial MB Other Airport Zoning RZ; ADD Resource Conservation District RC Overlays Transit-Oriented Development TOD Waterfront…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,333.59 ac
Top alternative use upside
Retail stores
$2.1M
+81.1%
Commercial (general)
$1.9M
+62.0%
Apartment house (5+ units)
$1.8M
+54.4%
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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,140,000
Current use
RETAIL STORES
$2,065,000
Change: +81% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,850,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,760,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$122 / 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
$44,799
Tax year 2023
Assessed value
$1,114,400
Assessed 2023
Previous assessed
$1,114,400
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$232,890
Assessed improvement
$881,510
Applied tax rate
114.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
11,114 SF
Lot
0.51 ac (22,216 SF)
Zoning code
MA
APN
STRA M:20-5 B:2 L:3
UPID
US15-0816023
Jurisdiction
STRATFORD
Zoning & alternative use
MA · Stratford, CTZoning MA · permitted uses
MA · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
enter) LB Limited Business B LBB Office Park District OP Retail Commercial A CA Retail Commercial F CF Retail Commercial Neighborhood CNC Waterfront Business District WF Industrial Coastal Industrial MC Light Industrial MA General Industrial MB Other Airport Zoning RZ; ADD Resource Conservation District RC Overlays Transit-Oriented Development TOD Waterfront Redevelopment WR 1.3.2 District boundaries. The boundaries of the zoning district
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,333.59 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
2 Research Dr LLC
Entity
Mailing address
3241 MAIN ST STE D, STRATFORD, CT 06614-4850
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2020
—
2 Research Dr LLC
—
Deed
related
$944,719 · Td Bank NA
Jun 15, 2018
—
2 Research Drive LLC
—
Deed
related
$1,000,000 · Td Bank NA
Aug 26, 2005
—
2 Research Drive LLC
—
Deed Of Trust
related
$1,000,000 · Hudson United 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2 Research Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
