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Property profile & analytics
OFF-MARKET
Estimated value
$10,075,000
Showrooms
245 Long Hl Rd Middletown, CT 06457-4063
Entity Owned
10-yr Hold
Free & Clear
Property ID
US15-1287571
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Total area
92,968 SF
Lot
20.35 ac (886,446 SF)
Zoning code
R-15
APN
MTWN M:27 L:0073
UPID
US15-1287571
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
-
Liberty Bank Customer Service Center Corporate Office
-
Liberty Bank Corporate Headquarters Corporate Office
-
Carol Lafauci Nursing Home
-
Franklin Energy Production Facility
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.77M
Blend (final)
Blend
$10.08M
Owner & transaction history
Long Hill Rd Assoc LLC · 10 yrs held
Long Hill Rd Assoc LLC
since 2016
6 recorded transactions
Zoning & alternative use
R-15 · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,265,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,865,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$10.08M
Range $9.07M – $11.08M · ±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
$108 / 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
$277,322
Tax year 2023
Assessed value
$7,900,910
Assessed 2023
Previous assessed
$7,900,910
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$607,560
Assessed improvement
$7,293,350
Applied tax rate
250.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
92,968 SF
Lot
20.35 ac (886,446 SF)
Zoning code
R-15
APN
MTWN M:27 L:0073
UPID
US15-1287571
Jurisdiction
MIDDLETOWN
Zoning & alternative use
R-15 · Middletown, CT
Zoning R-15 · permitted uses
R-15 · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
20.35 ac
Current owner
From public records · entity-resolved
Long Hill Rd Assoc LLC
Entity
Free & Clear · 10 yrs held
Mailing address
245 LONG HL RD, MIDDLETOWN, CT 06457-4063
Ownership since
2016
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
Aug 22, 2018
—
Long Hill Road Assoc LLC
—
Deed
related
$17,000,000 · Miscellaneous Ins Co
Mar 10, 2016
—
Long Hill Rd Assoc LLC
Sbnh Middletown LLC
Warranty Deed
—
Jan 29, 2004
—
245 Long Hl Rd Assoc LLC
—
Deed Of Trust
related
$8,000,000 · Citizens Bank Of Ct
Mar 27, 2001
—
Long Hl Rd Assoc LLC
—
Deed Of Trust
related
$4,800,000 · Peoples Bank
Oct 6, 1997
$1,200,000
Jeg Holdings INC
Weekly Reader Corp
Warranty Deed
related
—
—
—
Long Hill Road Assoc LLC
—
Deed Of Trust
related
$17,000,000 · Miscellaneous Ins Co
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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