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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Super regional malls
230 Farmington Ave, Farmington, CT 06032-1916
Entity Owned
8-yr Hold
Free & Clear
Property ID
US15-0770463
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1979
Total area
43,175 SF
Lot
8.89 ac (387,248 SF)
Zoning code
BR
APN
FARM M:0067 B:15 L:32
UPID
US15-0770463
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
-
Melissa Olson Physician
-
Dialysis Clinic, Inc. Medical Clinic
-
Jennifer Sechrist Physician
-
Kristina White Physician
-
Jessica Woodworth Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$935k
Owner & transaction history
Gs Mortgage Securities Co · 8 yrs held
Gs Mortgage Securities Co
since 2018
4 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
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$22 / 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
$45,584
Tax year 2023
Assessed value
$1,882,860
Assessed 2023
Previous assessed
$1,882,860
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,540,070
Assessed improvement
$342,790
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
43,175 SF
Lot
8.89 ac (387,248 SF)
Zoning code
BR
APN
FARM M:0067 B:15 L:32
UPID
US15-0770463
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.
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
8.89 ac
Current owner
From public records · entity-resolved
Gs Mortgage Securities Co
Entity
Free & Clear · 8 yrs held
Mailing address
433 S MAIN ST STE #112, WEST HARTFORD, CT 06110-2816
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jan 5, 2018
—
Gs Mortgage Securities Co
Gs Mortgage Securities Co|farmington Plaza Assoc L
Foreclosure
related
—
Aug 13, 1999
—
Farmington Plaza Assoc
—
Deed Of Trust
related
$3,700,000 · Wells Fargo Mortgage
Aug 12, 1992
$2,550,000
Farmington Plz Asso LP
Farm Ctr Dev Corp
Grant Deed
related
$1,785,000 · Bankboston Development Co LLC
Jan 4, 1988
$4,972,500
230 Farm Ave Assoc
Farm Plaza Ltd Part
Trustees 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.
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