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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Warehouses
2 Turnage Ln Bethel, CT 06801-2853
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0865266
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
10,600 SF
Lot
2.73 ac (118,919 SF)
Zoning code
IP
APN
BETH M:9 B:23 L:150 X:10B
UPID
US15-0865266
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
-
RAW Design, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Tb2 Turnage LLC · 4 yrs held
Tb2 Turnage LLC
since 2022
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
IP · Bethel, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5. Industrial Park (IP) Zone - The purpose of the Industrial Park Zone is to provide for appropriate locations and standards for industrial-type uses in a park-type environment. • Village Center (VC) Zone • Commercial (C) Zone • Route 6 Business (RT6) Zone • Industrial (I) Zone • Industrial Park (IP) Zone 46
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
481.00 ac
Top alternative use upside
Commercial (general)
$1.6M
+294.8%
Restaurant
$1.6M
+292.2%
Industrial (general)
$1.1M
+168.9%
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 Bethel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethel 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
$1,330,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,580,000
Change: +295% · Conversion: Difficult
RESTAURANT
$1,570,000
Change: +292% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,075,000
Change: +169% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,070,000
Change: +168% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +96% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Jan 10 2022)
Last sale anchor
$1.30M
Jan 10 2022
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
$123 / 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
$20,604
Tax year 2023
Assessed value
$724,710
Assessed 2023
Previous assessed
$724,710
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$256,690
Assessed improvement
$468,020
Applied tax rate
116.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
10,600 SF
Lot
2.73 ac (118,919 SF)
Zoning code
IP
APN
BETH M:9 B:23 L:150 X:10B
UPID
US15-0865266
Jurisdiction
BETHEL
Zoning & alternative use
IP · Bethel, CTZoning IP · permitted uses
IP · Bethel, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5. Industrial Park (IP) Zone - The purpose of the Industrial Park Zone is to provide for appropriate locations and standards for industrial-type uses in a park-type environment. • Village Center (VC) Zone • Commercial (C) Zone • Route 6 Business (RT6) Zone • Industrial (I) Zone • Industrial Park (IP) Zone 46
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
481.00 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
MEDICAL BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Tb2 Turnage LLC
Entity
Mailing address
2 TURNAGE LN #200, BETHEL, CT 06801-2853
Ownership since
2022
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
Jan 10, 2022
$1,300,000
Tb2 Turnage LLC
Dbm Holdings LLC
Warranty Deed
$512,500 · Connecticut Community Bank NA
Jan 10, 2022
—
Tb2 Turnage LLC
—
Deed
related
$424,000 · New England Certified Development Corp
Jun 15, 2009
$100,000
Dbm Holdings LLC
American Hinge
Warranty Deed
—
Feb 25, 2002
—
American Hinge
—
Deed Of Trust
related
$400,000 · First Union National Bank
Aug 13, 1998
$345,000
American Hinge Corp
Clarke Assoc LLC
Warranty Deed
—
Jun 1, 1995
$175,000
Clarke Assoc LLC
Kic Assoc
Warranty Deed
—
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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