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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Office buildings
24 Grassy Pln St Bethel, CT 06801-1700
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US15-0341441
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
FRAME
Total area
30,089 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C
APN
BETH M:14 B:16 L:7
UPID
US15-0341441
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
-
Connecticut Holistic Chiro Center Alternative Medicine Practice
-
Keith A. Erwin Sr, DC Alternative Medicine Practice
-
Catholic Charities-Fairfield Charitable Organization
-
Bethel Integrative Massage Alternative Medicine Practice Spa & Massage Center
-
KarlyG_Nailsart Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Acme Realty · 25 yrs held
Acme Realty
since 2001
7 recorded transactions
Zoning & alternative use
C · Bethel, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. Commercial (C) Zone - The purpose of the Commercial Zone is to maintain and enhance areas containing commercial uses to meet the needs of Bethel residents and businesses. 3. Route 6 Business (RT6) Zone - The purpose of the Route 6 Business Zone is to encourage a mix and intensity of land use along Route 6 which will meet community needs, provide opportuni…
Zone name
Commercial
General category
COMMERCIAL
Zone area
96.99 ac
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 Bethel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bethel 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
$58 / 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
$79,835
Tax year 2023
Assessed value
$2,808,120
Assessed 2023
Previous assessed
$2,808,120
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$337,820
Assessed improvement
$2,470,300
Applied tax rate
116.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
8
Total area
30,089 SF
Lot
1.15 ac (50,094 SF)
Zoning code
C
APN
BETH M:14 B:16 L:7
UPID
US15-0341441
Jurisdiction
BETHEL
Zoning & alternative use
C · Bethel, CTZoning C · permitted uses
C · Bethel, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. Commercial (C) Zone - The purpose of the Commercial Zone is to maintain and enhance areas containing commercial uses to meet the needs of Bethel residents and businesses. 3. Route 6 Business (RT6) Zone - The purpose of the Route 6 Business Zone is to encourage a mix and intensity of land use along Route 6 which will meet community needs, provide opportunities for economic development, and preserve important resources. 4. Industrial (I) Zone - The purpose of the Industrial Zone is to provide for appropriate locations and standards for industrial-type uses. 5. Industrial Park (IP) Zone - The purpose of the Industrial Park Zone is to provide for appropriate locations and standards for industrial-type uses in a park-type environment. • Village Center (VC) Zone • Commercial (C) Zone • Route 6 Business (RT6) Zone • Industrial (I) Zone • Industrial Park (IP) Zone 46
Zone name
Commercial
General category
COMMERCIAL
Zone area
96.99 ac
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
8
Lot
1.15 ac
Current owner
From public records · entity-resolved
Acme Realty
Entity
Mailing address
24 GRASSY PLN ST, BETHEL, CT 06801-1700
Ownership since
2001
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
Sep 5, 2013
—
E W Batista Family LP
—
Deed Of Trust
related
$4,840,000 · Union Savings Bank
Jan 5, 2007
—
E W Matista Family Ltd
—
Deed Of Trust
related
$4,840,000 · Union Savings Bank
Apr 18, 2001
$1,850,000
Acme Realty
Cardillo,michael
Warranty Deed
$1,435,000 · Union Savings Bank Danbury
Aug 7, 1997
—
Michael S Cardillo
—
Deed Of Trust
related
$633,000 · Peoples Bank
Feb 28, 1996
—
Michael Cardillo
—
Deed Of Trust
related
$400,000 · Peoples Bank
Nov 2, 1990
$500,000
Michael S Cardillo
Bernard J Dolan Co
Grant Deed
$500,000 · Brookfield Bank
Feb 18, 1988
—
Michael S Cardillo
—
Deed Of Trust
related
$1,500,000 · Merchants Bank & Trust Co
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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