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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Office Spaces
20 Pne St Bristol, CT 06010
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US15-0961383
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1916
Construction
FRAME
Total area
45,190 SF
Lot
2.6 ac (113,256 SF)
Zoning code
BHC
APN
BRIS M:03 L:1 U:A
UPID
US15-0961383
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$3.19M
Owner & transaction history
Middle Pine LP · 32 yrs held
Middle Pine LP
since 1993
4 recorded transactions
Zoning & alternative use
BHC · Bristol, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.2M
+4.4%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$4,980,000
Current use
RETAIL STORES
$5,200,000
Change: +4% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,710,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,530,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±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
$71 / 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
$75,326
Tax year 2023
Assessed value
$2,481,920
Assessed 2023
Previous assessed
$2,481,920
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed improvement
$2,481,920
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1916
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
18
Total area
45,190 SF
Lot
2.6 ac (113,256 SF)
Zoning code
BHC
APN
BRIS M:03 L:1 U:A
UPID
US15-0961383
Jurisdiction
BRISTOL
Zoning & alternative use
BHC · Bristol, CT
Zoning BHC · permitted uses
BHC · Bristol, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.0M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1916
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
18
Lot
2.6 ac
Current owner
From public records · entity-resolved
Middle Pine LP
Entity
Mailing address
PO BOX 747, FARMINGTON, CT 06034-0747
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2013
—
Terry Enterprises LLC
—
Deed Of Trust
related
$1,000,000 · Thomaston Savings Bank
Dec 28, 2011
—
Terry Enterprises LLC
—
Deed Of Trust
related
$500,000 · Thomaston Savings Bank
Mar 20, 2001
—
Terry Enterprises LLC
—
Deed Of Trust
related
$750,000 · Savings Bank Of Manchester
Sep 23, 1993
$451,300
Middle Pine LP
Vetrano Assoc LP
Warranty Deed
$300,000 · Zmc Trust Et Al 2nd
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
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