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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Showrooms
27 Main St, Clinton, CT 06413-2076
Individually Owned
~
Est. High Equity
Property ID
US15-0088560
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
9,271 SF
Lot
0.37 ac (16,117 SF)
Zoning code
B-4
APN
CLIN M:44 B:29 L:7
UPID
US15-0088560
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
-
Coffee Break Restaurant
-
Spritzo – Clinton Kitchen & Bath Showroom Kitchen & Bath Showroom Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$855k
Owner & transaction history
Theodore Kanaras
Theodore Kanaras
since 2025
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
B-4 · Clinton, 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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
$830,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$985,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $935k (Apr 30 2025)
Last sale anchor
$935k
Apr 30 2025
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
$92 / 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
$15,419
Tax year 2023
Assessed value
$516,900
Assessed 2023
Previous assessed
$516,900
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$78,600
Assessed improvement
$438,300
Applied tax rate
254.0000
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
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
9,271 SF
Lot
0.37 ac (16,117 SF)
Zoning code
B-4
APN
CLIN M:44 B:29 L:7
UPID
US15-0088560
Jurisdiction
CLINTON
Zoning & alternative use
B-4 · Clinton, CT
Zoning B-4 · permitted uses
B-4 · Clinton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$985,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1900
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Theodore Kanaras
Individual
Mailing address
175 RIV RD, ESSEX, CT 06426-1309
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$850,000
Theodore Kanaras
D A P Realty Assoc INC
Warranty Deed
$550,000 · D A P Rlty Assoc INC
Apr 30, 2025
$935,000
Pelletier Group LLC
27 West Main Street LLC
Warranty Deed
$880,000 · 27 West Main St LLC
Apr 11, 2013
—
27 W Main Street LLC
—
Deed Of Trust
related
$350,000 · Webster Bank
Feb 29, 2012
$325,000
27 West Main St LLC
Boyle,terance
Warranty Deed
—
Mar 2, 2010
$230,000
Terence Boyle
Clinton Town Of
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Nov 13, 1992
—
Grain Clinton
—
Deed Of Trust
related
$125,000 · Guilford Savings Bank
Oct 10, 1989
—
Grain Clinton
—
Deed Of Trust
related
$115,000 · Ct Natl Bk
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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