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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Commercial real estate
224 Watertown Rd, Thomaston, CT 06787-1920
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0275831
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Construction
STEEL FRAME
Lot
9.16 ac (399,010 SF)
Zoning code
GC
APN
THOM M:59 B:05 L:05
UPID
US15-0275831
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
-
Chapman Lumber Inc Building Supply Hardware & Home Improvement
-
Chapman Lumber Building Supply Hardware & Home Improvement
-
Peanut's Place Bistró & Cafe Food Truck Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
224 Watertown Rd Partners · 3 yrs held
224 Watertown Rd Partners
since 2023
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
GC · Thomaston, 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 Thomaston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thomaston 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
$1,880,000
ML approach
$1,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.73M (Mar 20 2023)
Last sale anchor
$1.73M
Mar 20 2023
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
—
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
$45,491
Tax year 2023
Assessed value
$1,352,680
Assessed 2023
Previous assessed
$1,352,680
+0.0% YoY
Effective rate
3.36%
On assessed value
Assessed land
$262,150
Assessed improvement
$1,090,530
Applied tax rate
236.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
3
Units
3
Lot
9.16 ac (399,010 SF)
Zoning code
GC
APN
THOM M:59 B:05 L:05
UPID
US15-0275831
Jurisdiction
THOMASTON
Zoning & alternative use
GC · Thomaston, CT
Zoning GC · permitted uses
GC · Thomaston, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thomaston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Buildings
3
Units
3
Lot
9.16 ac
Current owner
From public records · entity-resolved
224 Watertown Rd Partners
Entity
Mailing address
224 WATERTOWN RD, THOMASTON, CT 06787-1920
Ownership since
2023
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 20, 2023
$1,730,000
224 Watertown Rd Partners
Route 6 Realty LLC
Warranty Deed
$1,384,000 · Santander Bank NA
May 15, 2017
—
Route 6 Realty LLC
—
Deed
related
$215,000 · Thomaston Savings Bank
May 24, 2002
—
Route 6 Realty
—
Deed Of Trust
related
$850,000 · Webster Bank
Oct 2, 2000
$425,000
Routr 6 Rlty LLC
Twin Rlty
Warranty 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.
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