Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,580,000
Showrooms
26 Shenipsit Lk Rd Tolland, CT 06084-2332
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0818532
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1992
Construction
STEEL FRAME
Total area
65,721 SF
Lot
6.39 ac (278,348 SF)
Zoning code
WRDD
APN
TOLL M:20 B:H L:1-01
UPID
US15-0818532
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
-
Woodlake at Tolland Nursing and Rehabilitation Center Nursing Home
-
Katlin Luu Physician
-
Lindsay Byrnes Physician
-
Kaitlin Gallagher Physician
-
Anita Russell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$6.58M
Owner & transaction history
Wat Realty LLC · 4 yrs held
Wat Realty LLC
since 2021
4 recorded transactions
Zoning & alternative use
WRDD · Tolland, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.0M
+1.0%
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 Tolland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tolland 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)
$6,940,000
Current use
OFFICE BUILDING
$7,005,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$6.58M
Range $5.92M – $7.24M · ±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
$100 / 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
$188,143
Tax year 2023
Assessed value
$5,040,000
Assessed 2023
Previous assessed
$5,040,000
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$329,200
Assessed improvement
$4,710,800
Applied tax rate
415.0000
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
1992
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
130
Total area
65,721 SF
Lot
6.39 ac (278,348 SF)
Zoning code
WRDD
APN
TOLL M:20 B:H L:1-01
UPID
US15-0818532
Jurisdiction
TOLLAND
Zoning & alternative use
WRDD · Tolland, CTZoning WRDD · permitted uses
WRDD · Tolland, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$7.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1992
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
130
Lot
6.39 ac
Current owner
From public records · entity-resolved
Wat Realty LLC
Entity
Mailing address
169 HIGHLAND AVE, EDISON, NJ 08817-2929
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
—
Wat Realty LLC
Mrt Of Tolland Ct Snf LLC
Deed
$7,328,000 · Peapack Gladstone Bank
Jul 5, 2017
$10,000,000
Mrt Of Tolland Ct Snf LLC
Prospect Echn Eldercare
Warranty Deed
—
Oct 4, 2016
$7,750,000
Prospect Eldercare Svcs
Echn Eldercare Services
Warranty Deed
—
Dec 18, 1991
—
Tolland County Health
—
Deed Of Trust
related
$8,900,000 · Winchester Modulas Hs
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.
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?”
You own 26 Shenipsit Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
