Entity Owned 
For Lease
1 / 5
$9 SF/Yr
255 Myrtle St, New Britain, CT 06053
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Property summary
AI-generated overview
A 26,752 SF specialty commercial space is located within a multi-tenant building at 255 Myrtle Street in New Britain, Connecticut. The space is designed to function as a single, dedicated footprint within an established commercial property. The building site is positioned for access to Route 72 and Route 9, with connections to I-84 and I-91 providing regional travel access for employees, vendors, and deliveries. The property offers a larger floor-plate configuration under one roof within a shared building environment; prospective users should verify the exact suite or space configuration and any building-level details.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
67,007 SF
Lot
6.61 ac (287,932 SF)
Zoning code
UI
APN
NBRI M:C7B B:400
UPID
US15-1000203
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility Industrial Manufacturer
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
since 2022
4 recorded transactions
Zoning & alternative use
UI · New Britain, CT
Zoning description
270-40-40-195 - OFF-STREET PARKING FACILITIES INCLUDING PARKING GARAGES IN THE UI DISTRICT FOR PUBLIC USE OR PROFIT. [Approved 2-17-98, Item #23706-1] 270-40-40-195.10 Off-street parking facilities shall be intended to s…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.67M
Value range
$1.50M – $1.84M
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.50M
blend $1.67M
$1.84M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
67,007 SF
Lot area
6.61 ac
Year built
2000
Stories
2
APN
NBRI M:C7B B:400
Zoning
UI
Assessed value
$4,761,050
Annual tax
$182,253
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.67M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 342 sales
$69
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $25/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.76M
Move the market yield to see immediate price impact.
Value / SF
$71
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$300k
$6.00M
$4.28M
$3.33M
$333k
$6.67M
$4.76M
$3.70M
$367k
$7.33M
$5.24M
$4.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$182,253
Tax year 2023
Assessed value
$4,761,050
Assessed 2023
Previous assessed
$4,761,050
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$996,940
Assessed improvement
$3,764,110
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
2
Total area
67,007 SF
Lot
6.61 ac (287,932 SF)
Zoning code
UI
APN
NBRI M:C7B B:400
UPID
US15-1000203
Jurisdiction
NEW BRITAIN
Zoning & alternative use
UI · New Britain, CTZoning UI · permitted uses
UI · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
270-40-40-195 - OFF-STREET PARKING FACILITIES INCLUDING PARKING GARAGES IN THE UI DISTRICT FOR PUBLIC USE OR PROFIT. [Approved 2-17-98, Item #23706-1] 270-40-40-195.10 Off-street parking facilities shall be intended to s…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
2
Lot
6.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
UI
INDUSTRIAL
Jurisdiction
New Britain, CT
Recorded code
UI
Official district
UI
Official district profile
What the municipal code says about UI
Zoning description
270-40-40-195 - OFF-STREET PARKING FACILITIES INCLUDING PARKING GARAGES IN THE UI DISTRICT FOR PUBLIC USE OR PROFIT. [Approved 2-17-98, Item #23706-1] 270-40-40-195.10 Off-street parking facilities shall be intended to s…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UI in New Britain, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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