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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
229 Willard Ave Westbrook, CT 06498-1521
Individually Owned
19-yr Hold
Property ID
US15-1015468
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2013
Construction
STEEL FRAME
Total area
6,336 SF
Lot
15.3 ac (666,468 SF)
Zoning code
MDR
APN
WBRO M:167 L:035
UPID
US15-1015468
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
$613k
Blend (final)
Blend
$650k
Owner & transaction history
Christopher Hallahan · 19 yrs held
Christopher Hallahan
since 2007
3 recorded transactions
Zoning & alternative use
MDR · Westbrook, 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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$103 / 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
$9,000
Tax year 2023
Assessed value
$422,160
Assessed 2023
Previous assessed
$422,160
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$131,380
Assessed improvement
$290,780
Applied tax rate
278.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
RADIANT
Buildings
2
Stories
2
Units
1
Rooms
2
Total area
6,336 SF
Lot
15.3 ac (666,468 SF)
Zoning code
MDR
APN
WBRO M:167 L:035
UPID
US15-1015468
Jurisdiction
WESTBROOK
Zoning & alternative use
MDR · Westbrook, CT
Zoning MDR · permitted uses
MDR · Westbrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
RADIANT
Stories
2
Buildings
2
Units
1
Rooms
2
Lot
15.3 ac
Current owner
From public records · entity-resolved
Christopher Hallahan
Individual
Mailing address
PO BOX 247, WESTBROOK, CT 06498-0247
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
—
Yegor B Kushnir
—
Deed
related
$400,000 · Homebridge Fin'l Svcs INC
May 23, 2007
$61,000
Christopher Hallahan
Peyton,elaine
Warranty Deed
—
—
—
Yegor B Kushnir
—
Deed Of Trust
related
$400,000 · Homebridge Fin'l Svcs INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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