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Property profile & analytics
FOR LEASE
Medical Office Space
220 Farmington Ave, Farmington, CT 06032
Entity Owned
9-yr Hold
Free & Clear
Property ID
US15-0118620
For Lease
1 / 3
$675,000
220 Farmington Ave, Farmington, CT 06032
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Total area
15,024 SF
Lot
1.85 ac (80,586 SF)
Zoning code
BR
APN
FARM M:0067 B:15
UPID
US15-0118620
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
-
Eric H. Vincent, DC Alternative Medicine Practice
-
Frontier Telecommunications Service General Contractor
-
Hanger Clinic: Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
-
Connecticut Pain Care PC Physician
-
Spine & Sports Chiropractic Care of CT Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$675k
Owner & transaction history
Dukes Corner LLC · 9 yrs held
Dukes Corner LLC
since 2017
7 recorded transactions
Zoning & alternative use
BR · Farmington, 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 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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$825,000
Current use
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$45 / 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
$35,013
Tax year 2023
Assessed value
$1,446,200
Assessed 2023
Previous assessed
$1,446,200
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$164,780
Assessed improvement
$1,281,420
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1960
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
15,024 SF
Lot
1.85 ac (80,586 SF)
Zoning code
BR
APN
FARM M:0067 B:15
UPID
US15-0118620
Jurisdiction
FARMINGTON
Zoning & alternative use
BR · Farmington, CT
Zoning BR · permitted uses
BR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$825,000
MEDICAL BUILDING Current
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Dukes Corner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
195 EASTERN BLVD, GLASTONBURY, CT 06033-4312
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2019
—
220 Assoc LLC
—
Deed
related
$2,005,660 · Westfield Bank Fsb
Mar 21, 2017
—
Dukes Corner LLC
Rubber Tree LLC
Quit Claim Deed
related
—
Apr 8, 2015
—
Rubber Tree LLC
85 Bishop Lane Corp
Warranty Deed
—
Sep 1, 2011
—
85 Bishop Lane Corp
—
Deed Of Trust
related
$240,000 · Rockville Bank
Dec 7, 2009
$1,930,000
85 Bishop Lane Corp
220 Farmington LLC
Warranty Deed
$500,000 · Zenon Grzybowski
May 23, 2007
—
220 Farmington LLC
—
Deed Of Trust
related
$500,000 · Rockville Bank
Nov 20, 2006
$1
220 Farmington LLC
Margolis,robert H
Grant Deed
related
—
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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