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Property profile & analytics
FOR LEASE
Industrial properties
255 Myrtle St New Britain, CT 06053
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-1000203
For Lease
1 / 3
$9 SF/Yr
255 Myrtle St, New Britain, CT 06053
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SST New England Production Facility Industrial Manufacturer
-
SST Consumables Industrial Manufacturer Production Facility
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
Nbpthird Myrtle LLC · 4 yrs held
Nbpthird Myrtle LLC
since 2022
4 recorded transactions
Zoning & alternative use
UI · New Britain, 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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
$25 / 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
$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
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
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, CT
Zoning UI · permitted uses
UI · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
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
Current owner
From public records · entity-resolved
Nbpthird Myrtle LLC
Entity
Free & Clear · 4 yrs held
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Nbpiii Myrtle LLC
—
Deed
related
$48,958,500 · Silicon Valley Bank
Jan 4, 2022
—
Nbpthird Myrtle LLC
Fremont 255 Myrtle LLC
Warranty Deed
—
Dec 21, 2021
—
Nbpiii Myrtle LLC
Fremont 255 Myrtle LLC
Warranty Deed
—
Jun 11, 2012
$2,275,000
Fremont 255 Myrtle LLC
Christ Water Technology
Warranty Deed
$1,250,000 · Webster 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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