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Property profile & analytics
OFF-MARKET
Retail space
231 Hartford Pike Killingly, CT 06241
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-1212425
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1939
Construction
FRAME
Total area
1,822 SF
Lot
0.29 ac (12,632 SF)
Zoning code
LD
APN
KILL M:108 B:2
UPID
US15-1212425
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raymond A Preece · 1 yrs held
Raymond A Preece
since 2025
2 recorded transactions
Zoning & alternative use
LD · Killingly, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Those areas of town which are within the drainage zones of existing public dewers or planned for public sewerage within the next decade are placed in low density development district
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
4,932.97 ac
Source
Realmo
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 Killingly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Killingly 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,857
Tax year 2023
Assessed value
$64,820
Assessed 2023
Previous assessed
$64,820
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$36,120
Assessed improvement
$28,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1939
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Total area
1,822 SF
Lot
0.29 ac (12,632 SF)
Zoning code
LD
APN
KILL M:108 B:2
UPID
US15-1212425
Jurisdiction
KILLINGLY
Zoning & alternative use
LD · Killingly, CTZoning LD · permitted uses
LD · Killingly, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Those areas of town which are within the drainage zones of existing public dewers or planned for public sewerage within the next decade are placed in low density development district
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
4,932.97 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1939
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Raymond A Preece
Individual
Mailing address
146 S MAIN ST, BROOKLYN, CT 06234-3808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Raymond A Preece
Pierce Barry G Est
Deed
$316,667 · Raymond A Preece
Jun 23, 2025
$450,000
Summertime Properties LLC
Raymond A Preece
Warranty Deed
$316,667 · Raymond A Preece
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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