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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Showrooms
21 Main St Kent, CT 06757-1512
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0189522
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1880
Construction
FRAME
Total area
2,888 SF
Lot
0.48 ac (20,909 SF)
APN
KENT M:0019 B:0014 L:3
UPID
US15-0189522
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
-
Kent Art Association Art Gallery Art Center
-
Bain Real Estate Real Estate Agency
-
Iovino & King Accounting Firm Tax Preparation
-
Elisa Waysenson, Bain Real Estate Real Estate Agency
-
TONI SOULE, Bain Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$525k
Owner & transaction history
Gb21-llc · 2 yrs held
Gb21-llc
since 2024
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$360,000
Current use
OFFICE BUILDING
$335,000
Change: -6% · Conversion: Easy
RETAIL STORES
$330,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Feb 29 2024)
Last sale anchor
$525k
Feb 29 2024
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
$182 / 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
$6,725
Tax year 2023
Assessed value
$358,500
Assessed 2023
Previous assessed
$358,500
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$164,600
Assessed improvement
$193,900
Applied tax rate
216.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
4
Rooms
12
Bathrooms
2
Total area
2,888 SF
Lot
0.48 ac (20,909 SF)
APN
KENT M:0019 B:0014 L:3
UPID
US15-0189522
Jurisdiction
KENT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$360,000
OFFICE BUILDING
Est. value
$335,000
RETAIL STORES
Est. value
$330,000
COMMERCIAL (GENERAL) Current
OFFICE 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
1880
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
4
Rooms
12
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gb21-llc
Entity
Mailing address
21 N MAIN ST, KENT, CT 06757-1512
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 29, 2024
—
Gb21-llc
Karren J Garrity
Quit Claim Deed
related
—
Sep 3, 2020
$525,000
Christopher J Garrity
David L Bain
Warranty Deed
—
May 3, 2012
—
David L Bain
—
Deed Of Trust
related
$407,400 · Salisbury Bank & Trust Co
May 3, 2012
$1
David L Bain
Bain,david L
Grant Deed
related
—
Jul 16, 2007
—
David L Bain
—
Deed Of Trust
related
$452,000 · Salisbury Bank & Trust Co
May 8, 1995
—
David L Bain
—
Deed Of Trust
related
$25,000 · New Milford Savings Bank
Sep 11, 1991
—
David L Bain
—
Deed Of Trust
related
$75,000 · Zwi Kohorn
Jun 3, 1988
—
David L Bain
—
Deed Of Trust
related
$216,000 · Nmbt
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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