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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Industrial properties
270 Eastern Blvd Glastonbury, CT 06033-4310
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0202328
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Construction
STEEL FRAME
Total area
9,754 SF
Lot
1.24 ac (54,014 SF)
Zoning code
PI
APN
GLAS M:F4 B:2100 L:E0014
UPID
US15-0202328
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
-
SmartCon Solutions Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$1.05M
Owner & transaction history
270 Eastern Blvd LLC · 5 yrs held
270 Eastern Blvd LLC
since 2020
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
PI · Glastonbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+146.7%
Commercial (general)
$1.4M
+110.8%
Retail stores
$1.1M
+66.1%
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
$1,085,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$675,000
Current use
RESTAURANT
$1,670,000
Change: +147% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,425,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$1,125,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$1,075,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +45% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.05M (Jul 24 2020)
Last sale anchor
$1.05M
Jul 24 2020
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
$107 / 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
$19,857
Tax year 2024
Assessed value
$621,900
Assessed 2024
Previous assessed
$621,900
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$193,900
Assessed improvement
$428,000
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
9,754 SF
Lot
1.24 ac (54,014 SF)
Zoning code
PI
APN
GLAS M:F4 B:2100 L:E0014
UPID
US15-0202328
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
$675,000
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
270 Eastern Blvd LLC
Entity
Mailing address
478 3RD MILE RD, GLASTONBURY, CT 06033-3839
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
$1,050,000
270 Eastern Blvd LLC
Nerf Properties LLC
Warranty Deed
$963,000 · Chelsea Groton Bank
May 14, 2012
—
Nefd Properties LLC
—
Deed Of Trust
related
$560,000 · Peoples Bank
May 23, 2005
—
Need Prop LLC
—
Deed Of Trust
related
$875,000 · Peoples Bank
Oct 22, 2001
—
Nefd Properties LLC
—
Deed Of Trust
related
$916,000 · Cit Small Business Lending Co
Jun 18, 2001
$175,000
Nefd Prop LLC
Rosen,douglas R
Warranty Deed
—
Apr 12, 1990
$210,000
Douglas R Rosen
Rlm Assocs
Grant Deed
$155,000 · Tolland Bank
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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