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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Industrial properties
256 Oakwood Dr Glastonbury, CT 06033-2465
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0991960
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
18,600 SF
Lot
2.64 ac (114,998 SF)
Zoning code
PI
APN
GLAS M:F6 B:4900 L:E0012
UPID
US15-0991960
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
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Om Massage Group Alternative Medicine Practice Spa & Massage Center
-
Bria Skincare Alternative Medicine Practice Spa & Massage Center
-
Teles Athletics Training Center Sports School
-
Serven Wellness Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.33M
Owner & transaction history
Letteroak LLC · 4 yrs held
Letteroak LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PI · Glastonbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+66.1%
Office building
$2.1M
+59.0%
Auto repair, garage
$1.9M
+44.7%
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 Glastonbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glastonbury 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
$1,510,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,290,000
Current use
RETAIL STORES
$2,140,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$2,050,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,865,000
Change: +45% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,040,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.25M (Sep 28 2021)
Last sale anchor
$1.25M
Sep 28 2021
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
$72 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$29,673
Tax year 2024
Assessed value
$929,300
Assessed 2024
Previous assessed
$914,100
+1.7% YoY
Effective rate
3.19%
On assessed value
Assessed land
$437,400
Assessed improvement
$491,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
5
Total area
18,600 SF
Lot
2.64 ac (114,998 SF)
Zoning code
PI
APN
GLAS M:F6 B:4900 L:E0012
UPID
US15-0991960
Jurisdiction
GLASTONBURY
Zoning & alternative use
PI · Glastonbury, CT
Zoning PI · permitted uses
PI · Glastonbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glastonbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
5
Lot
2.64 ac
Current owner
From public records · entity-resolved
Letteroak LLC
Entity
Mailing address
256 OAKWOOD DR, GLASTONBURY, CT 06033-2465
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$1,250,000
Letteroak LLC
Lmh Holdings LLC
Warranty Deed
$1,125,000 · Webster Bank
Jul 9, 2013
$1,034,000
Lmh Holdings LLC
Gsanti LLC
Warranty Deed
$908,834 · Neil Giansanti
Sep 12, 2008
$1,000,000
Gsanti LLC
Giansanti,neil
Warranty Deed
$1,000,000 · Zenon Grzybowski
Sep 12, 2008
$1
Neil Giansanti
Giasanti,willard R
Grant Deed
related
—
Aug 30, 2000
$1,200,000
Oakwood Farms Sport
Ritter,george J
Warranty Deed
$650,000 · Zenon Grzybowski
Apr 23, 1999
—
Willard R Giansanti
—
Deed Of Trust
related
$500,000 · Glastonbury Bank & Trust
Jan 8, 1993
—
Assoc Oakwood
—
Deed Of Trust
related
$25,000 · Glastonbury Bank & Trust
Jan 3, 1991
—
Assoc Oakwood
—
Deed Of Trust
related
$608,400 · Glastonbury Bk & Tr
Jan 5, 1989
—
Lucus A Pettingill JR.
—
Deed Of Trust
related
$732,000 · Savings Bank Of Manchester
Mar 16, 1988
$675,000
Lucuis A Pettingill
The Glasco Corp
Grant Deed
$732,000 · Savings Bank Of Manchester
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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