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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Industrial properties
21 Hyde Rd Ste 1a, Farmington, CT 06032-2859
Individually Owned
38-yr Hold
~
Est. High Equity
Property ID
US15-0390371
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1974
Total area
125,398 SF
Zoning code
CR
APN
FARM M:0139 B:41B-927000211A
UPID
US15-0390371
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
-
Formatron Limited Hair Salon Nail Salon
-
New England Realty Advisors Real Estate Agency
-
Dealer Tires - Hartford WHSE (Bike/Boat/Book/etc) Store Auto Parts Store
-
Integrated Labs LLC Laboratory
-
Farmington Displays, Inc. Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$3.26M
Owner & transaction history
L G Schofran · 38 yrs held
L G Schofran
since 1988
7 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±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
$26 / 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
$100,186
Tax year 2023
Assessed value
$4,138,190
Assessed 2023
Previous assessed
$4,138,190
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$4,138,190
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
125,398 SF
Zoning code
CR
APN
FARM M:0139 B:41B-927000211A
UPID
US15-0390371
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CT
Zoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
L G Schofran
Individual
Mailing address
21 HYDE RD STE 1A, FARMINGTON, CT 06032-2859
Ownership since
1988
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
Feb 12, 2013
—
Pd&sd LLC
—
Deed Of Trust
related
$3,637,500 · Farmington Savings Bank
Dec 1, 2011
—
Pd&ds LLC
—
Deed Of Trust
related
$1 · Farmington Savings Bank
Apr 28, 2008
—
Pd&sd LLC
—
Deed Of Trust
related
$6,420,000 · Farmington Savings Bank
Jun 29, 2006
—
Pd&sd LLC
—
Deed Of Trust
related
$6,420,000 · Farmington Savings Bank
Jun 8, 1988
$80,000
L G Schofran
Works,stanley
Grant Deed
—
—
—
Pd & Sd LLC
—
Deed Of Trust
related
$175,000 · Farmington Bk
—
—
Pd & Sd LLC
—
Deed Of Trust
related
$3,900,000 · Farmington Bk
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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