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Property profile & analytics
OFF-MARKET
Retail space
2172 Berlin Tpke Newington, CT 06111-3210
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0072227
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,768 SF
Lot
0.64 ac (27,878 SF)
Zoning code
R-12
APN
NEWI M:18 B:42 L:0
UPID
US15-0072227
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
-
LifeWay Church Church Mosque
-
Lifeway Learning Center/ Lifeway Church Daycare Center
-
LifeWay Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lifeway Church INC · 7 yrs held
Lifeway Church INC
since 2019
7 recorded transactions
Zoning & alternative use
R-12 · Newington, 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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,344
Tax year 2023
Assessed value
$426,060
Assessed 2023
Previous assessed
$426,060
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$299,250
Assessed improvement
$126,810
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
10,768 SF
Lot
0.64 ac (27,878 SF)
Zoning code
R-12
APN
NEWI M:18 B:42 L:0
UPID
US15-0072227
Jurisdiction
NEWINGTON
Zoning & alternative use
R-12 · Newington, CT
Zoning R-12 · permitted uses
R-12 · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Lifeway Church INC
Entity
Mailing address
2172 BERLIN TPKE, NEWINGTON, CT 06111-3210
Ownership since
2019
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 22, 2019
$507,917
Lifeway Church INC
Berlin Tpke Of Newington
Warranty Deed
$537,825 · Converge Cornerstone
Apr 3, 2003
$447,104
Berlin Tpke Of N LLC
Li D Real Est Assoc LLC
Warranty Deed
$537,500 · Zions First National Bank
Apr 3, 2003
—
Berlin Tpke Of N LLC
—
Deed Of Trust
related
$430,000 · Cornerstone Bank
Dec 4, 1996
$370,400
L&d Re Assoc LLC
Zakmax LP
Warranty Deed
—
Dec 2, 1996
—
L&d Re Assoc LLC
—
Deed Of Trust
related
$805,000 · Business Lenders INC
Dec 1, 1994
—
Zakmax LP
—
Deed Of Trust
related
$210,000 · Shawmut Mortgage
Apr 28, 1993
$139,900
Zakmay LP
Nathan,zakay B
Grant Deed
—
Apr 28, 1993
$441,050
Zakmax LP
Nathan,zakay B
Grant Deed
—
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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