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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Investment properties
238 Main St Durham, CT 06422-1611
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0519884
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
5,739 SF
Lot
0.18 ac (7,841 SF)
Zoning code
MR
APN
DURH M0168900
UPID
US15-0519884
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
-
The Durham Market Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$469k
Blend (final)
Blend
$645k
Owner & transaction history
Shree Hari 238 Main St Du · 2 yrs held
Shree Hari 238 Main St Du
since 2023
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
MR · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
$690,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $625k (Nov 2 2023)
Last sale anchor
$625k
Nov 2 2023
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
$112 / 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
$4,533
Tax year 2023
Assessed value
$130,340
Assessed 2023
Previous assessed
$130,340
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$70,700
Assessed improvement
$59,640
Applied tax rate
260.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
NONE
Buildings
1
Units
3
Total area
5,739 SF
Lot
0.18 ac (7,841 SF)
Zoning code
MR
APN
DURH M0168900
UPID
US15-0519884
Jurisdiction
DURHAM
Zoning & alternative use
MR · Durham, CT
Zoning MR · permitted uses
MR · Durham, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
NONE
Buildings
1
Units
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Shree Hari 238 Main St Du
Individual
Mailing address
238 MAIN ST, DURHAM, CT 06422-1611
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
$625,000
Shree Hari 238 Main St Du
238 Main St Durham LLC
Warranty Deed
$450,000 · Webster Bank
Jun 1, 2012
$189,900
Amit Patel
Gaspe Corp
Warranty Deed
$124,900 · Gaspe Corp
Jun 1, 2012
$1
238 Main St Durham LLC
Patel,amit
Grant Deed
related
—
Mar 15, 2012
$1
Gaspe Corp
Mack,shirley W
Warranty Deed
—
Feb 22, 2007
—
Shirley W Mack
—
Deed Of Trust
related
$250,000 · Chase Home Mortgage
Jan 9, 2007
$1
Shirley W Mack
Mack,timothy J
Grant Deed
related
—
Dec 6, 2006
$1
Shirley W Mack
Mack,timothy J
Grant Deed
related
—
Jul 27, 2005
$212,000
Timothy J Mack
Morse & Otte INC
Warranty Deed
$212,000 · Zenon Grzybowski
Jul 28, 1999
$180,000
Morse & Otte INC
Otte,joan A
Warranty Deed
related
$130,000 · Liberty Bank
Sep 20, 1991
$117,500
Morse & Otte INC
Atwell,frederick L
Warranty Deed
$92,500 · Zenon Grzybowski
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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