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Property profile & analytics
OFF-MARKET
Retail space
238 King St Bristol, CT 06010-5239
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0547780
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,766 SF
Lot
0.31 ac (13,504 SF)
Zoning code
BN
APN
BRIS M:38 L:132-150
UPID
US15-0547780
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
-
Jay's Market Liquor & Wine (Bike/Boat/Book/etc) Store Wine and Liquor Store
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
Arihant LLC · 1 yrs held
Arihant LLC
since 2025
Last sale
$470,000
7 recorded transactions
Zoning & alternative use
BN · Bristol, 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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$7,077
Tax year 2023
Assessed value
$233,170
Assessed 2023
Previous assessed
$233,170
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$56,420
Assessed improvement
$176,750
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
2,766 SF
Lot
0.31 ac (13,504 SF)
Zoning code
BN
APN
BRIS M:38 L:132-150
UPID
US15-0547780
Jurisdiction
BRISTOL
Zoning & alternative use
BN · Bristol, CT
Zoning BN · permitted uses
BN · Bristol, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Arihant LLC
Entity
Mailing address
133 CHESTNUT RD, NEWINGTON, CT 06111-1605
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
$470,000
Arihant LLC
238 King St LLC
Warranty Deed
$300,000 · 238 King St LLC
May 28, 2014
—
238 King Street LLC
Patel,sanjay
Quit Claim Deed
related
—
Apr 24, 2008
—
Sanjay Patel
—
Deed Of Trust
related
$161,049 · Valley Bank & Trust Co
Sep 2, 2005
—
Sanjay Patel
—
Deed Of Trust
related
$175,000 · Valley Bank & Trust Co
May 22, 2003
—
Sanjay Patel
—
Deed Of Trust
related
$112,000 · Valley Bank & Trust Co
Jun 15, 2000
$250,000
Sanjay Patel
Shular,lawrence
Warranty Deed
$175,000 · Farmington Savings Bank
Sep 1, 1998
—
Lawrence J Shular
—
Deed Of Trust
related
$150,000 · Farmington Savings 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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