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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Manufacturing properties
24 Spg Ln Farmington, CT 06032-3349
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US15-0724252
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Total area
8,864 SF
Lot
2.08 ac (90,605 SF)
Zoning code
CR
APN
FARM M:0137 B:12E
UPID
US15-0724252
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
-
Murray Kaizer Dental Lab Dental Office
-
Yankee Fitness Company Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
Kaizer Farmington Re L · 20 yrs held
Kaizer Farmington Re L
since 2006
4 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
by Request
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$365k
Range $329k – $402k · ±10%
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
$41 / 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
$14,103
Tax year 2023
Assessed value
$582,540
Assessed 2023
Previous assessed
$582,540
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$160,580
Assessed improvement
$421,960
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
8,864 SF
Lot
2.08 ac (90,605 SF)
Zoning code
CR
APN
FARM M:0137 B:12E
UPID
US15-0724252
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CTZoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Kaizer Farmington Re L
Individual
Mailing address
24 SPG LN, FARMINGTON, CT 06032-3349
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2011
—
Kaizer Farmington Re LLC
—
Deed Of Trust
related
$620,000 · Savings Institute
Aug 28, 2008
—
Kaizer Farmington Re LLC
—
Deed Of Trust
related
$620,000 · Savings Institute
Mar 28, 2006
$540,000
Kaizer Farmington Re L
Spring Lane Assoc LLC
Warranty Deed
$640,000 · Bank Of Southern Conn
Sep 30, 1994
$400,000
Spring Ln Assoc LLC
Pb Re 1994 INC
Grant 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.
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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