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Property profile & analytics
OFF-MARKET
Turn key restaurants
2385 Berlin Tpke Newington, CT 06111-4104
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US15-0611370
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
FRAME
Total area
5,104 SF
Lot
1.67 ac (72,745 SF)
Zoning code
B-BT
APN
NEWI M:17 B:188 L:0
UPID
US15-0611370
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
-
Puerto Vallarta Newington Restaurant
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
Puerto Vallarta LLC · 16 yrs held
Puerto Vallarta LLC
since 2009
7 recorded transactions
Zoning & alternative use
B-BT · Newington, 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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
$29,002
Tax year 2023
Assessed value
$756,050
Assessed 2023
Previous assessed
$756,050
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$548,450
Assessed improvement
$207,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
5,104 SF
Lot
1.67 ac (72,745 SF)
Zoning code
B-BT
APN
NEWI M:17 B:188 L:0
UPID
US15-0611370
Jurisdiction
NEWINGTON
Zoning & alternative use
B-BT · Newington, CT
Zoning B-BT · permitted uses
B-BT · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Puerto Vallarta LLC
Entity
Mailing address
2385 BERLIN TPKE, NEWINGTON, CT 06111-4104
Ownership since
2009
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
Apr 26, 2019
—
Puerto Vallarta LLC
—
Deed
related
$300,000 · Miscellaneous Govt Agcy
Oct 21, 2009
$1
Puerto Vallarta LLC
Rodriguez,esaul
Grant Deed
related
—
Oct 14, 2003
—
Esaul Rodriguez
—
Deed Of Trust
related
$600,000 · Howard L Gelin
Apr 30, 2003
$135,000
Mcdonalds Corp
Turnpike Hldgs LLC
Warranty Deed
—
Sep 7, 2000
$565,000
Esual Rodriguez
Turnpike Holdings LLC
Warranty Deed
$700,000 · Zenon Grzybowski
Mar 11, 1991
—
George Diamond
—
Deed Of Trust
related
$261,395 · Zwi Kohorn
Feb 27, 1991
—
George Diamond
—
Deed Of Trust
related
$540,000 · Equity Bank
Jan 31, 1990
—
George Diamond
—
Deed Of Trust
related
$440,000 · Equity Bank
Dec 11, 1987
—
George Diamond
—
Deed Of Trust
related
$220,000 · Equity Bank
—
—
Puerto Vallarta LLC
—
Deed Of Trust
related
$300,000 · Miscellaneous Govt Agcy
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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