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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
240 Divinity St Bristol, CT 06010-6013
Individually Owned
4-yr Hold
Property ID
US15-0248322
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1800
Construction
FRAME
Total area
6,105 SF
Lot
1.17 ac (50,965 SF)
Zoning code
R-15/R
APN
BRIS M:12 L:117
UPID
US15-0248322
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$520k
Owner & transaction history
Jason Pio · 4 yrs held
Jason Pio
since 2022
6 recorded transactions
Zoning & alternative use
R-15/R · Bristol, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+16.7%
Retail stores
$705,000
+10.4%
Office building
$675,000
+5.8%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$635,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$705,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$610,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$85 / 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
$10,438
Tax year 2023
Assessed value
$343,910
Assessed 2023
Previous assessed
$343,910
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$87,430
Assessed improvement
$256,480
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1800
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
13
Bathrooms
5
Total area
6,105 SF
Lot
1.17 ac (50,965 SF)
Zoning code
R-15/R
APN
BRIS M:12 L:117
UPID
US15-0248322
Jurisdiction
BRISTOL
Zoning & alternative use
R-15/R · Bristol, CT
Zoning R-15/R · permitted uses
R-15/R · Bristol, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1800
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
13
Bathrooms
5
Lot
1.17 ac
Current owner
From public records · entity-resolved
Jason Pio
Individual
Mailing address
26 RIPPLING BRK DR, PALM COAST, FL 32164-6508
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
Jason Pio
Karen L Pio
Quit Claim Deed
related
$280,000 · Thomaston Savings Bank
Jul 29, 2021
—
Karen L Pio
Karen L Pio
Quit Claim Deed
related
—
Jan 11, 2008
—
Karen L Pio
—
Deed Of Trust
related
$200,000 · Valley Bank & Trust Co
Jun 2, 2003
—
Carlo Pio
—
Deed Of Trust
related
$114,000 · Webster Bank
Jun 17, 1992
—
Carlo Pio
—
Deed Of Trust
related
$184,100 · Bristol Fed Svgs Bk
Apr 6, 1987
—
Carlo Pio
—
Deed Of Trust
related
$110,000 · Bristol Fed Svgs Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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