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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Industrial properties
21 Hyde Rd Ste 2a Farmington, CT 06032-2859
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0345806
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1974
Total area
85,140 SF
Zoning code
CR
APN
FARM M:0139 B:41B-927000212A
UPID
US15-0345806
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
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.48M
Owner & transaction history
Rubino LLC · 18 yrs held
Rubino LLC
since 2008
7 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
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
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$17 / 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
$67,730
Tax year 2023
Assessed value
$2,797,620
Assessed 2023
Previous assessed
$2,797,620
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$2,797,620
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
SPACE
Cooling
YES
Buildings
1
Stories
1
Total area
85,140 SF
Zoning code
CR
APN
FARM M:0139 B:41B-927000212A
UPID
US15-0345806
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CTZoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Rubino LLC
Entity
Mailing address
PO BOX 643, FARMINGTON, CT 06034-0643
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2008
$3,300,000
Rubino LLC
Dtg LLC
Warranty Deed
$2,640,000 · Sovereign Bank
Jun 29, 2006
—
Dtg LLC
—
Deed Of Trust
related
$6,420,000 · Farmington Savings Bank
Oct 26, 2001
$2,250,000
Dtg LLC
Hyde Rd Assocs LLC
Warranty Deed
$2,415,000 · Farmington Savings Bank
Sep 7, 1989
—
Century Devel Corp
—
Deed Of Trust
related
$887,220 · Zuckerman Family Nomi
May 2, 1989
—
Hyde Road Assocs
—
Deed Of Trust
related
$2,900,000 · Savings Bank Of Manchester
Apr 19, 1988
—
Century Dev Corp
—
Deed Of Trust
related
$9,500,000 · Fleet National Bank
—
—
Rubino LLC
—
Deed Of Trust
related
$2,700,000 · Edgewood Mac 5 LLC
—
—
Rubino LLC
—
Deed Of Trust
related
$1,300,000 · 21 Hyde Road Assoc
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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