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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Super regional malls
2420 Main St Stratford, CT 06615-5951
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0065043
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,550 SF
Lot
0.89 ac (38,768 SF)
Zoning code
E-13
APN
STRA M:40-9 B:5 L:1
UPID
US15-0065043
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
-
Functional Therapy Clinic & Stratford Wellness Center Alternative Medicine Practice Spa & Massage Center
-
Dougherty Insurance Agency, Inc. Insurance Agency
-
Hwangs School of Martial Arts - Taekwondo Judo Hapkido Stratford Training Center Sports School
-
Grover Opticians of Stratford Ophthalmologist (Bike/Boat/Book/etc) Store
-
Familia en Cristo Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Colonial Center Ct LLC · 2 yrs held
Colonial Center Ct LLC
since 2023
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
E-13 · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+265.0%
Commercial (general)
$1.3M
+259.7%
Retail stores
$1.2M
+237.5%
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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
$945,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,290,000
Change: +265% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,275,000
Change: +260% · Conversion: Easy
RETAIL STORES
$1,195,000
Change: +237% · Conversion: Easy
OFFICE BUILDING
$1,160,000
Change: +228% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +164% · Conversion: Difficult
MEDICAL BUILDING
$815,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$760,000
Change: +115% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.35M (Dec 22 2023)
Last sale anchor
$1.35M
Dec 22 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
$110 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$30,931
Tax year 2024
Assessed value
$769,440
Assessed 2024
Previous assessed
$769,440
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$247,800
Assessed improvement
$521,640
Applied tax rate
114.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
12
Total area
10,550 SF
Lot
0.89 ac (38,768 SF)
Zoning code
E-13
APN
STRA M:40-9 B:5 L:1
UPID
US15-0065043
Jurisdiction
STRATFORD
Zoning & alternative use
E-13 · Stratford, CTZoning E-13 · permitted uses
E-13 · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
MEDICAL BUILDING
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$760,000
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
12
Lot
0.89 ac
Current owner
From public records · entity-resolved
Colonial Center Ct LLC
Entity
Mailing address
2420 MAIN ST, STRATFORD, CT 06615-5951
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
$1,350,000
Colonial Center Ct LLC
J V Chase
Warranty Deed
$400,000 · Habib American Bank
Dec 22, 2023
—
Colonial Center Ct LLC
Pickus Albert M Est
Deed
—
Jul 25, 1991
$25,000
Vincent Chase
Pickees,ross
Grant Deed
—
Jul 25, 1991
—
Vincent Chase
—
Deed Of Trust
related
$135,000 · Colony Savings Bank
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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