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Property profile & analytics
OFF-MARKET
Industrial properties
261 Main St Cromwell, CT 06416-2302
Individually Owned
15-yr Hold
Free & Clear
Property ID
US15-0725089
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,428 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LB
APN
CROM M:00265200
UPID
US15-0725089
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
-
Imperial Co Restoration Services Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bruce M Raulukaitis · 15 yrs held
Bruce M Raulukaitis
since 2011
4 recorded transactions
Zoning & alternative use
LB · Cromwell, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Local Business
General category
COMMERCIAL
Zone area
85.55 ac
Source
Realmo
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 Cromwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cromwell 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
—
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
$9,775
Tax year 2023
Assessed value
$332,360
Assessed 2023
Previous assessed
$332,360
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$83,090
Assessed improvement
$249,270
Applied tax rate
256.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
4,428 SF
Lot
1.02 ac (44,431 SF)
Zoning code
LB
APN
CROM M:00265200
UPID
US15-0725089
Jurisdiction
CROMWELL
Zoning & alternative use
LB · Cromwell, CTZoning LB · permitted uses
LB · Cromwell, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Local Business
General category
COMMERCIAL
Zone area
85.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Bruce M Raulukaitis
Individual
Free & Clear · 15 yrs held
Mailing address
261 MAIN ST, CROMWELL, CT 06416-2302
Ownership since
2011
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
Jan 30, 2020
—
Bruce M Raulukaitis
—
Deed
related
$250,000 · Webster Bank
Apr 11, 2011
—
Raulukaitis,bruce M
—
Grant Deed
related
$150,000 · Sovereign Bank
Mar 23, 2011
$1
Bruce M Raulukaitis
Milardo,mario S JR
Grant Deed
related
—
Jul 16, 2001
$170,000
Mario S Milardo JR.
Krokulsi,edward J
Warranty Deed
$150,000 · Zenon Grzybowski
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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