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Property profile & analytics
OFF-MARKET
Industrial properties
22 Denlar Dr Chester, CT 06412-1289
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US15-0458500
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,080 SF
Lot
1.08 ac (47,045 SF)
Zoning code
RLM
APN
CHES M:4 B:66
UPID
US15-0458500
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lazarus Inv Group LLC · 27 yrs held
Lazarus Inv Group LLC
since 1998
1 recorded transaction
Zoning & alternative use
RLM · Chester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
trict R-2 Residential District R-1 Residential District R-1/2 Planned Residential District PRD Commercial District Controlled Development District CDD Waterfront Design District Research and Light Manufacturing District RLM Tidal Wetlands District 30A.1 GATEWAY CONSERVATION DISTRICT. In addition to the districts into which the Town is divided under Section 3…
Zone name
Research Light Manufacturing
General category
INDUSTRIAL
Zone area
231.04 ac
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
$6,709
Tax year 2023
Assessed value
$225,900
Assessed 2023
Previous assessed
$225,900
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$69,610
Assessed improvement
$156,290
Applied tax rate
252.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
6,080 SF
Lot
1.08 ac (47,045 SF)
Zoning code
RLM
APN
CHES M:4 B:66
UPID
US15-0458500
Jurisdiction
CHESTER
Zoning & alternative use
RLM · Chester, CTZoning RLM · permitted uses
RLM · Chester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
trict R-2 Residential District R-1 Residential District R-1/2 Planned Residential District PRD Commercial District Controlled Development District CDD Waterfront Design District Research and Light Manufacturing District RLM Tidal Wetlands District 30A.1 GATEWAY CONSERVATION DISTRICT. In addition to the districts into which the Town is divided under Section 30A, there is hereby created and designated, as drawn on said zoning map, the Gatewa
Zone name
Research Light Manufacturing
General category
INDUSTRIAL
Zone area
231.04 ac
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Lazarus Inv Group LLC
Entity
Mailing address
PO BOX 475, CHESTER, CT 06412-0475
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 1998
$152,500
Lazarus Inv Group LLC
Osullivan W 3rd Est
Grant Deed
$122,000 · Maritime Bank & Trust
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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