Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Apartment buildings
235 Beaver St New Britain, CT 06051-4402
Individually Owned
1-yr Hold
Free & Clear
Property ID
US15-0606776
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
FRAME
Total area
7,936 SF
Lot
0.3 ac (13,080 SF)
Zoning code
T
APN
NBRI M:C6B B:108
UPID
US15-0606776
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$1.04M
Owner & transaction history
Cmnty Mental Health Affil · 1 yrs held
Cmnty Mental Health Affil
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
T · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+77.9%
Retail stores
$915,000
+19.8%
Office building
$875,000
+14.7%
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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
$1,040,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$765,000
Current use
RESTAURANT
$1,355,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$915,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$795,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.04M (Sep 11 2024)
Last sale anchor
$1.04M
Sep 11 2024
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
$131 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,021
Tax year 2024
Assessed value
$556,220
Assessed 2024
Previous assessed
$556,220
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$126,000
Assessed improvement
$430,220
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Units
12
Bathrooms
12
Total area
7,936 SF
Lot
0.3 ac (13,080 SF)
Zoning code
T
APN
NBRI M:C6B B:108
UPID
US15-0606776
Jurisdiction
NEW BRITAIN
Zoning & alternative use
T · New Britain, CT
Zoning T · permitted uses
T · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$765,000
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
1990
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Units
12
Bathrooms
12
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cmnty Mental Health Affil
Individual
Free & Clear · 1 yrs held
Mailing address
235 BEAVER ST, NEW BRITAIN, CT 06051-4402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$1,040,000
Cmnty Mental Health Affil
Winthrop Gardens LLC
Warranty Deed
—
Dec 20, 2022
$905,000
Winthrop Gardens LLC
Cmhanb LLC
Warranty Deed
—
Jun 23, 2010
$1,300,000
Cmhanb LLC
Community Mental Heal INC
Grant Deed
$1,040,000 · Farmington Savings Bank
May 12, 2010
—
Community Mental Health
—
Deed Of Trust
related
$500,000 · Farmington Savings Bank
Jul 12, 1994
$340,000
Community Mentl Health
Colossale,dominic
Warranty Deed
$238,000 · Fleet Mortgage Corp
Mar 25, 1991
$577,980
En Accion In Comunidad
Colossale,dominic
Warranty Deed
$377,544 · Winchester Modulas Hs
Jan 17, 1991
—
Dominic Colossale
—
Deed Of Trust
related
$100,000 · Connecticut National Bank
Dec 29, 1989
$438,000
Dominic Colossale
Willow Brook Est De
Grant Deed
—
Dec 28, 1989
—
Domenic Colossale
—
Deed Of Trust
related
$300,000 · Connecticut National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 235 Beaver St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
