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Property profile & analytics
OFF-MARKET
Industrial properties
244 Upton Rd Colchester, CT 06415-2748
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0757142
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
STEEL FRAME
Total area
8,941 SF
Lot
1.08 ac (47,045 SF)
Zoning code
AC
APN
COLC M:009 B:000 L:008-009
UPID
US15-0757142
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
-
Hydro-Pure Water Treatment, LLC Home Appliance Store Hardware & Home Improvement
-
Pramzius Watches (Bike/Boat/Book/etc) Store
-
Advanced Architectural Sheet Metal, Inc. Roofing Company General Contractor
-
PWA Arcitects | Colchester CT Architect
-
American Regatta (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Commerce Center LLC · 7 yrs held
Commerce Center LLC
since 2019
7 recorded transactions
Zoning & alternative use
AC · Colchester, 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 Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester 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
—
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
$8,631
Tax year 2023
Assessed value
$317,100
Assessed 2023
Previous assessed
$317,100
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$74,100
Assessed improvement
$243,000
Applied tax rate
380.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Total area
8,941 SF
Lot
1.08 ac (47,045 SF)
Zoning code
AC
APN
COLC M:009 B:000 L:008-009
UPID
US15-0757142
Jurisdiction
COLCHESTER
Zoning & alternative use
AC · Colchester, CT
Zoning AC · permitted uses
AC · Colchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Lot
1.08 ac
Current owner
From public records · entity-resolved
Commerce Center LLC
Entity
Mailing address
48 WESTCHESTER RD, COLCHESTER, CT 06415-2420
Ownership since
2019
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
Jan 10, 2019
$375,000
Commerce Center LLC
Colchester Land LLC
Warranty Deed
$200,000 · Reynold Marvin
Apr 30, 2013
—
Colchester Land LLC
—
Deed Of Trust
related
$232,365 · Peoples Bank
Aug 23, 2007
—
Colchester Land LLC
—
Deed Of Trust
related
$110,000 · Peoples Bank
Dec 28, 1995
$350,000
Colchester Land LLC
Norwich Savings
Grant Deed
$258,560 · Farm & Merchant Savings Bank
Jul 13, 1990
—
A&m Ent
—
Deed Of Trust
related
$213,769 · Zuckerman Family Nomi
Jun 17, 1988
—
O & M Enterprises
—
Deed Of Trust
related
$550,000 · Norwich Savings Society
Feb 25, 1988
$60,000
A & M Enterprises
Bourbeau,ronald
Grant Deed
$55,000 · Norwich Savings Society
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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