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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Industrial properties
273 Eastern Blvd Glastonbury, CT 06033-4319
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US15-0328566
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
PI
APN
GLAS M:F4 B:2100 L:W0011
UPID
US15-0328566
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
-
Center Aluminum Co Inc Building Supply Hardware & Home Improvement
-
Awning Place Inc Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$510k
Owner & transaction history
273 Eastern Bl Propllc · 26 yrs held
273 Eastern Bl Propllc
since 1999
7 recorded transactions
Zoning & alternative use
PI · Glastonbury, 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 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$830,000
Current use
WAREHOUSE, STORAGE
$670,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$43 / 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
$21,642
Tax year 2024
Assessed value
$677,800
Assessed 2024
Previous assessed
$677,800
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$210,100
Assessed improvement
$467,700
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Buildings
1
Stories
1
Units
2
Total area
12,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
PI
APN
GLAS M:F4 B:2100 L:W0011
UPID
US15-0328566
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
$830,000
WAREHOUSE, STORAGE
Est. value
$670,000
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
RADIANT
Stories
1
Buildings
1
Units
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
273 Eastern Bl Propllc
Individual
Mailing address
273 EASTERN BLVD, GLASTONBURY, CT 06033-4319
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2008
—
Eastern Blvd Prop 273
—
Deed Of Trust
related
$350,000 · Rockville Bank
Oct 13, 2000
—
273 Eastern Bl Prp LLC
—
Deed Of Trust
related
$468,000 · Savings Bank Of Manchester
Dec 30, 1999
$90,000
273 Eastern Bl Propllc
Chojnicki,john
Warranty Deed
—
Sep 27, 1996
—
John Chojnicki
—
Deed Of Trust
related
$130,000 · Amresco Newengland LP
Jul 11, 1995
$67,500
John Chojnicki
Monzeglio,david
Warranty Deed
—
Dec 29, 1994
$20,000
John Chojnicki
Tibbles,kenneth M
Grant Deed
—
May 4, 1988
$195,000
Kenneth M Tibbles
1st Financial Group
Grant Deed
—
Sep 14, 1987
$515,000
Kenneth M Tibbles
Barnett,frances
Grant Deed
$500,000 · Glastonbury Bank & Trust
Mar 20, 1987
$147,000
First Financial Group
Murray,t James
Grant Deed
related
$115,000 · Glastonbury 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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