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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Turn key restaurants
2421 Berlin Tpke Berlin, CT 06037-4036
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US15-1027727
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,757 SF
Lot
5.13 ac (223,463 SF)
Zoning code
BT-2
APN
BERL M:27-2 B:153 L:24 U:7634
UPID
US15-1027727
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
-
Motel close by Hotel & Motel
-
Rotary Club of Kensington-Berlin Nightclub Music Venue
-
Casa Mia at the Hawthorne Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.80M
Owner & transaction history
Hawthorne Elite Plaza INC · 11 yrs held
Hawthorne Elite Plaza INC
since 2015
7 recorded transactions
Zoning & alternative use
BT-2 · Berlin, 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$63 / 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
$67,616
Tax year 2023
Assessed value
$2,287,400
Assessed 2023
Previous assessed
$2,287,400
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$304,000
Assessed improvement
$1,983,400
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
28,757 SF
Lot
5.13 ac (223,463 SF)
Zoning code
BT-2
APN
BERL M:27-2 B:153 L:24 U:7634
UPID
US15-1027727
Jurisdiction
BERLIN
Zoning & alternative use
BT-2 · Berlin, CT
Zoning BT-2 · permitted uses
BT-2 · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
5.13 ac
Current owner
From public records · entity-resolved
Hawthorne Elite Plaza INC
Entity
Mailing address
1905 HEMPSTEAD TPKE, EAST MEADOW, NY 11554-1047
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2015
$1,250,000
Hawthorne Elite Plaza INC
Mayra INC
Quit Claim Deed
—
Apr 5, 2012
—
Mayra INC
—
Deed Of Trust
related
$1,400,000 · Windsor Fsla
Aug 24, 2010
$1
Mayra INC
Hawthorne Inn INC
Warranty Deed
—
Jan 15, 2008
—
Connecticut LP Toll
—
Deed Of Trust
related
$2,800,000 · Hawthorne Inn INC
Nov 4, 1997
—
Hawthorne Inn INC
—
Deed Of Trust
related
$1,000,000 · Lafayette American Bank
May 29, 1996
—
Hawthorne Inn INC
—
Deed Of Trust
related
$732,337 · Lafayette American Bank
Oct 24, 1994
—
Hawthorne Inn INC
—
Deed Of Trust
related
$200,000 · Lafayette American Bank
Oct 16, 1991
—
Hawthorne Inn INC
—
Deed Of Trust
related
$1,000,000 · American National 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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