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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Commercial real estate
238 Main S St Woodbury, CT 06798-3407
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0408155
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,819 SF
Lot
4.1 ac (178,596 SF)
Zoning code
MSD
APN
WOOD M:104 B:017
UPID
US15-0408155
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
-
LaBonne's Market - Woodbury Grocery & Convenience Store Food Market
-
Newtown Savings Bank - Woodbury Bank Loan Service
-
Coinstar Bank Credit Union
-
A Aaaaba A Drug Rehab Social Service Agency Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.40M
Owner & transaction history
Woodbury Ctr Propco LLC · 2 yrs held
Woodbury Ctr Propco LLC
since 2024
Last sale
$3.4M
2 recorded transactions
Zoning & alternative use
MSD · Woodbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
MSD Main Street Design District PI Planned Industrial District EE Earth Excavation District MQ Middle Quarter District
Zone name
Main Street Design
General category
RESIDENTIAL
Zone area
168.13 ac
Top alternative use upside
Restaurant
$2.2M
+5.5%
Apartment house (5+ units)
$2.1M
+0.3%
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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,085,000
Current use
RESTAURANT
$2,200,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,095,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Jun 17 2024)
Last sale anchor
$3.40M
Jun 17 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
$202 / 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
$43,650
Tax year 2024
Assessed value
$1,883,910
Assessed 2024
Previous assessed
$1,883,910
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$410,410
Assessed improvement
$1,473,500
Applied tax rate
244.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
9
Bathrooms
2
Total area
16,819 SF
Lot
4.1 ac (178,596 SF)
Zoning code
MSD
APN
WOOD M:104 B:017
UPID
US15-0408155
Jurisdiction
WOODBURY
Zoning & alternative use
MSD · Woodbury, CTZoning MSD · permitted uses
MSD · Woodbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
MSD Main Street Design District PI Planned Industrial District EE Earth Excavation District MQ Middle Quarter District
Zone name
Main Street Design
General category
RESIDENTIAL
Zone area
168.13 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
9
Bathrooms
2
Lot
4.1 ac
Current owner
From public records · entity-resolved
Woodbury Ctr Propco LLC
Entity
Free & Clear · 2 yrs held
Mailing address
238 MAIN ST S, WOODBURY, CT 06798-3407
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
—
Woodbury Ctr Propco LLC
—
Deed
related
$2,145,000 · Newtown Savings Bank
Jun 17, 2024
$3,400,000
Woodbury Ctr Propco LLC
Woodbury Center INC
Warranty Deed
—
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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