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Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Automotive properties
245 New Britain Ave, Plainville, CT 06062-2066
Entity Owned
~
Est. High Equity
Property ID
US15-0465854
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1964
Construction
FRAME
Total area
21,478 SF
Lot
2.52 ac (109,771 SF)
Zoning code
GC
APN
PLAI M:22 B:D L:29
UPID
US15-0465854
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
-
Gengras Volkswagen Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.74M
Owner & transaction history
B T T Realty LLC
B T T Realty LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC · Plainville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.5M
+14.8%
Office building
$2.4M
+9.9%
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 Plainville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainville 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
AUTO REPAIR, GARAGE
$2,155,000
Current use
RETAIL STORES
$2,470,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$2,365,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,030,000
Change: -6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$81 / 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
$52,581
Tax year 2023
Assessed value
$1,673,490
Assessed 2023
Previous assessed
$1,673,490
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$740,600
Assessed improvement
$932,890
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Units
1
Total area
21,478 SF
Lot
2.52 ac (109,771 SF)
Zoning code
GC
APN
PLAI M:22 B:D L:29
UPID
US15-0465854
Jurisdiction
PLAINVILLE
Zoning & alternative use
GC · Plainville, CT
Zoning GC · permitted uses
GC · Plainville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1964
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Units
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
B T T Realty LLC
Entity
Mailing address
300 CONNECTICUT BLVD, EAST HARTFORD, CT 06108-3065
Ownership since
2025
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
Jul 17, 2025
$4,000,000
B T T Realty LLC
Peru Partners LLC
Warranty Deed
$3,000,000 · Northwest Community Bank
May 1, 2019
—
245 New Britain Ave LLC
Crowley,kenneth M
Quit Claim Deed
related
—
May 1, 2019
$3,000,000
Peru Ptrs LLC
245 New Britain Ave LLC
Warranty Deed
$2,100,000 · Simsbury Bk&tr
Jul 25, 2016
—
245 New Britain Ave LLC
—
Deed
related
$779,400 · Simsbury Bk&tr
Jun 30, 2011
—
245 New Britain Ave LLC
—
Deed Of Trust
related
$4,150,000 · Simsbury Bank & Trust Co
—
—
245 New Britain Ave LLC
—
Deed Of Trust
related
$370,140 · Simsbury Bk&tr
—
—
245 New Britain Ave LLC
—
Deed Of Trust
related
$779,400 · Simsbury Bk&tr
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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