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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Residential income homes
216 King St, Stratford, CT 06615-5831
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0432334
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1910
Total area
5,152 SF
Lot
0.63 ac (27,443 SF)
Zoning code
RS-1
APN
STRA M:40-10 B:16 L:30
UPID
US15-0432334
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
$535k
Blend (final)
Blend
$600k
Owner & transaction history
Inn At Stratford LLC · 9 yrs held
Inn At Stratford LLC
since 2017
4 recorded transactions
Zoning & alternative use
RS-1 · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$960,000
+17.3%
Commercial (general)
$855,000
+4.9%
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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
APARTMENT HOUSE (5+ UNITS)
$815,000
Current use
RETAIL STORES
$960,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$855,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$116 / 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
$15,477
Tax year 2023
Assessed value
$385,000
Assessed 2023
Previous assessed
$385,000
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$104,790
Assessed improvement
$280,210
Applied tax rate
114.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1910
Heating
STEAM
Buildings
1
Stories
3
Units
17
Rooms
20
Bathrooms
5
Total area
5,152 SF
Lot
0.63 ac (27,443 SF)
Zoning code
RS-1
APN
STRA M:40-10 B:16 L:30
UPID
US15-0432334
Jurisdiction
STRATFORD
Zoning & alternative use
RS-1 · Stratford, CT
Zoning RS-1 · permitted uses
RS-1 · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stratford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$815,000
RETAIL STORES
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1910
Heating
STEAM
Stories
3
Buildings
1
Units
17
Rooms
20
Bathrooms
5
Lot
0.63 ac
Current owner
From public records · entity-resolved
Inn At Stratford LLC
Entity
Mailing address
2633 POST RD, SOUTHPORT, CT 06890-1246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Mar 24, 2017
—
Inn At Stratford LLC
Papan,pamela
Quit Claim Deed
related
—
Sep 2, 2015
—
Pamela Papan
Papan,thomas
Quit Claim Deed
related
$90,000 · Thomas Papan
Dec 5, 2002
—
Thomas Papan
—
Deed Of Trust
related
$200,000 · Peoples Bank
Jun 18, 1993
—
Thomas Papan
—
Deed Of Trust
related
$134,200 · David Schipul
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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