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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Office buildings
23 Amity Rd, Bethany, CT 06524-3417
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0989418
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
FRAME
Total area
8,838 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B&I
APN
BETH M:114 B:16 L:1
UPID
US15-0989418
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
-
Mason, inc. Marketing & Advertising Advertising Agency
-
Studio 63, LLC Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$1.09M
Owner & transaction history
Sovereign Property Assoc · 5 yrs held
Sovereign Property Assoc
since 2021
4 recorded transactions
Zoning & alternative use
B&I · Bethany, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+35.5%
Commercial (general)
$1.1M
+14.2%
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 Bethany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethany 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
RESTAURANT
$1,290,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,090,000
Change: +14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: 0% · Conversion: Easy
RETAIL STORES
$940,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$800,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$123 / 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
$19,306
Tax year 2023
Assessed value
$511,000
Assessed 2023
Previous assessed
$511,000
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$83,990
Assessed improvement
$427,010
Applied tax rate
320.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
3
Total area
8,838 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B&I
APN
BETH M:114 B:16 L:1
UPID
US15-0989418
Jurisdiction
BETHANY
Zoning & alternative use
B&I · Bethany, CT
Zoning B&I · permitted uses
B&I · Bethany, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bethany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$955,000
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
RETAIL STORES
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$800,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1969
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
Sovereign Property Assoc
Entity
Mailing address
113 SCHOOL ST, DANIELSON, CT 06239-3022
Ownership since
2021
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
Jun 4, 2021
—
Sovereign Property Assoc
Amity Road Properties LLC
Warranty Deed
$636,000 · Dime Bank
Sep 12, 2013
$807,500
Amity Road Properties LLC
Mason Properties LLC
Warranty Deed
$605,625 · Nuvo Bank & Trust Co
Jun 30, 2006
—
Mason Properties
—
Deed Of Trust
related
$371,938 · Bank Of America
Dec 30, 1988
$875,000
Prop
Rogers,glenn B
Grant Deed
$650,000 · Ct Natl Bk
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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