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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
2221 Berlin Tpke, Newington, CT 06111-3201
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0072226
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
FRAME
Total area
4,570 SF
Lot
0.89 ac (38,768 SF)
Zoning code
B-BT
APN
NEWI M:18 B:31 L:0
UPID
US15-0072226
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
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$344k
Blend (final)
Blend
$510k
Owner & transaction history
Ariax LLC · 3 yrs held
Ariax LLC
since 2022
Last sale
$515,000
7 recorded transactions
Zoning & alternative use
B-BT · 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
Method
Estimation
Statistic approach
$515,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$460,000
Current use
AUTO REPAIR, GARAGE
$410,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$400,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $515k (Aug 16 2022)
Last sale anchor
$515k
Aug 16 2022
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
$112 / 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
$11,192
Tax year 2023
Assessed value
$291,750
Assessed 2023
Previous assessed
$291,750
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$252,000
Assessed improvement
$39,750
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
4,570 SF
Lot
0.89 ac (38,768 SF)
Zoning code
B-BT
APN
NEWI M:18 B:31 L:0
UPID
US15-0072226
Jurisdiction
NEWINGTON
Zoning & alternative use
B-BT · Newington, CT
Zoning B-BT · permitted uses
B-BT · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$400,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1972
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Ariax LLC
Entity
Mailing address
2221 BERLIN TPKE, NEWINGTON, CT 06111-3201
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
$515,000
Ariax LLC
Bt Realty Corp
Warranty Deed
—
Mar 22, 2006
—
Bt Rlty Corp
—
Deed Of Trust
related
$202,000 · Sovereign Bank
Jul 31, 2000
—
Bt Realty Corp
—
Deed Of Trust
related
$268,700 · Zions First National Bank
Jun 11, 1997
$375,000
Bt Realty Corp
Deschamplain,raymond N
Warranty Deed
$300,000 · First Natl Bk New Eng
Dec 16, 1994
—
Raymond N Deschamplain
—
Deed Of Trust
related
$52,500 · First National Bank Ct
Feb 11, 1992
—
Rjd Assoc
—
Deed Of Trust
related
$215,000 · Fleet National Bank
Aug 31, 1989
$550,000
Midas Realty Corp
Stavola,josephine
Grant Deed
—
Sep 23, 1988
—
Rjd Assoc
—
Deed Of Trust
related
$438,000 · Connecticut Bank & Trust
Jun 22, 1987
—
Rjd Assoc
—
Deed Of Trust
related
$16,500 · Zwi Kohorn
Jan 9, 1987
$305,000
R J D Assoc
Filipone,pauline
Grant Deed
—
Jan 9, 1987
—
R J D Assoc
—
Deed Of Trust
related
$210,000 · Zwi Kohorn
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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