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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Specialty properties
264 Middlesex Ave Chester, CT 06412-1248
Entity Owned
Free & Clear
Property ID
US15-0824871
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1974
Construction
FRAME
Total area
5,816 SF
Lot
2.16 ac (94,090 SF)
Zoning code
R-2
APN
CHES M:4 B:27
UPID
US15-0824871
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Chester Management LLC
Chester Management LLC
since 2026
Last sale
$875,000
5 recorded transactions
Zoning & alternative use
R-2 · Chester, 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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
$995,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,250,000
Change: 0% · Conversion: Difficult
RESTAURANT
$690,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$555,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$545,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $875k (Jan 5 2026)
Last sale anchor
$875k
Jan 5 2026
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
$152 / 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
$13,542
Tax year 2023
Assessed value
$455,970
Assessed 2023
Previous assessed
$455,970
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$85,070
Assessed improvement
$370,900
Applied tax rate
252.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
5,816 SF
Lot
2.16 ac (94,090 SF)
Zoning code
R-2
APN
CHES M:4 B:27
UPID
US15-0824871
Jurisdiction
CHESTER
Zoning & alternative use
R-2 · Chester, CT
Zoning R-2 · permitted uses
R-2 · Chester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$555,000
RETAIL STORES
Est. value
$545,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1974
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Chester Management LLC
Entity
Free & Clear · 0 yrs held
Mailing address
264 MIDDLESEX AVE, CHESTER, CT 06412-1248
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
$875,000
Chester Management LLC
Clayny LLC
Warranty Deed
—
Jun 28, 2023
$900,000
Clayny LLC
Christopher M Ficke
Warranty Deed
$675,000 · First County Bank
Jan 27, 1999
—
Christopher M Ficke
—
Deed Of Trust
related
$125,000 · Maritime Bank & Trust
Feb 2, 1998
—
Christopher M Ficke
—
Deed Of Trust
related
$80,000 · Maritime Bank & Trust
Dec 27, 1991
—
Christopher Ficke
—
Deed Of Trust
related
$57,000 · Maritime Bank & Trust
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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