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Property profile & analytics
FOR SALE
Parking lots & garages
200 South Main St East Windsor, CT 06088
Entity Owned
22-yr Hold
Property ID
US15-0697449
For Sale
1 / 32
$3,850,000
200 South Main St, East Windsor, CT 06088
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Property summary
AI-generated overview
This exceptional commercial property, located at 200 S Main St, East Windsor, CT 06088, presents a lucrative investment opportunity. The 13,861 square foot retail space, built in 1950, sits on a 6.46-acre lot and boasts 425 parking spaces. Currently generating a monthly income of $32,600 from seven rental units with long-term leases, this property offers significant potential for growth. The property includes three parcels of land, with two additional buildings approved for construction since 2020, projected to increase gross monthly income to $40,000. The main building has undergone extensive renovations, including new metal roofing, siding, windows, doors, and garage doors. The property is zoned A/C and benefits from high visibility and convenient access to major highways. A detailed appraisal is available upon request. Four car dealer licenses are included. An extensive tenant waitlist further underscores the property's strong market demand. This is a rare opportunity to acquire a well-established, high-performing retail property with significant upside potential.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1950
Total area
5,087 SF
Lot
4.84 ac (210,830 SF)
Zoning code
B-2
APN
EWIN M:22 B:5 L:80
UPID
US15-0697449
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
-
Prime Wheels Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$510k
Owner & transaction history
Tbk Ventures LLC · 22 yrs held
Tbk Ventures LLC
since 2003
7 recorded transactions
Zoning & alternative use
B-2 · East Windsor, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$595,000
+41.6%
Commercial (general)
$480,000
+14.1%
Auto repair, garage
$430,000
+2.2%
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 East Windsor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Windsor 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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$420,000
Current use
RESTAURANT
$595,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$480,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$430,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$420,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$400,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$100 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$27,099
Tax year 2022
Assessed value
$745,900
Assessed 2022
Previous assessed
$745,900
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$250,460
Assessed improvement
$495,440
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Sale
Year built
1950
Heating
HOT WATER
Cooling
YES
Buildings
1
Units
2
Total area
5,087 SF
Lot
4.84 ac (210,830 SF)
Zoning code
B-2
APN
EWIN M:22 B:5 L:80
UPID
US15-0697449
Jurisdiction
EAST WINDSOR
Zoning & alternative use
B-2 · East Windsor, CT
Zoning B-2 · permitted uses
B-2 · East Windsor, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Windsor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$420,000
RESTAURANT
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$430,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$420,000
RETAIL STORES
Est. value
$400,000
PARKING LOT Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Heating
HOT WATER
Cooling
Yes
Buildings
1
Units
2
Lot
4.84 ac
Current owner
From public records · entity-resolved
Tbk Ventures LLC
Entity
Mailing address
350 PO BOX 1022ND AVE W, EAST WINDSOR, CT 06088-1022
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2012
—
Tbk Ventures LLC
—
Deed Of Trust
related
$2,100,000 · Independence Savings Bank
Jun 9, 2006
—
Tbk Ventures LLC
—
Deed Of Trust
related
$100,000 · Rockville Bank
Jan 11, 2005
—
Tbk Ventures LLC
—
Deed Of Trust
related
$650,000 · Rockville Bank
Nov 25, 2003
$550,000
Tbk Ventures LLC
Prevo,marie
Grant Deed
$400,000 · Tolland Bank
Nov 25, 2003
—
Tbk Ventures LLC
—
Deed Of Trust
related
$239,000 · Zenon Grzybowski
Apr 12, 1993
—
Marie Prevo
—
Deed Of Trust
related
$2,500 · One Stop Auto Recon
Sep 25, 1987
—
Marie Prevo
—
Deed Of Trust
related
$300,000 · Windsor Bk & Tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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