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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Commercial land
28 Flt Rock Pl Westbrook, CT 06498-1579
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0119836
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1978
Construction
WOOD FRAME
Total area
5,150 SF
Lot
3.07 ac (133,729 SF)
Zoning code
TIC
APN
WBRO M:166 L:030
UPID
US15-0119836
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.13M
Owner & transaction history
Eae 28 Flat Rock Pl LLC · 3 yrs held
Eae 28 Flat Rock Pl LLC
since 2023
7 recorded transactions
Zoning & alternative use
TIC · Westbrook, 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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$219 / 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
$30,347
Tax year 2023
Assessed value
$1,423,420
Assessed 2023
Previous assessed
$1,423,420
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,423,420
Applied tax rate
278.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
8
Total area
5,150 SF
Lot
3.07 ac (133,729 SF)
Zoning code
TIC
APN
WBRO M:166 L:030
UPID
US15-0119836
Jurisdiction
WESTBROOK
Zoning & alternative use
TIC · Westbrook, CT
Zoning TIC · permitted uses
TIC · Westbrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
8
Lot
3.07 ac
Current owner
From public records · entity-resolved
Eae 28 Flat Rock Pl LLC
Entity
Mailing address
1 FLT ROCK PL, WESTBROOK, CT 06498-1579
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
—
Eae 28 Flat Rock Pl LLC
28 Flat Rock Place LLC
Warranty Deed
$29,050,578 · Bank Of America NA
Jun 18, 2010
—
28 Flat Rock Place LLC
—
Deed Of Trust
related
$36,000,000 · Bank Of America
Dec 15, 2009
$2,050,000
28 Flat Rock Place LLC
Constantinou,paul
Warranty Deed
—
Dec 15, 2009
$1
Paul Constantinou
Constantinou Ltd
Grant Deed
related
—
Sep 20, 2001
—
Constantinou Ltd
—
Deed Of Trust
related
$600,000 · Citizens Bank Of Ct
Jun 19, 1998
—
Constantinou Ltd
—
Deed Of Trust
related
$101,500 · Howard Falk Tr
Nov 18, 1997
—
Constantinou Ltd
—
Deed Of Trust
related
$400,000 · Apple Financial Group
Jun 30, 1997
—
Constantinou Ltd
—
Deed Of Trust
related
$125,000 · Apple Financial Group
Jun 28, 1996
—
Constantinou Ltd
—
Deed Of Trust
related
$250,000 · Branford Savings Bank
May 8, 1995
$400,000
Anthony S Constantinou
Flat Rock Prop INC
Warranty Deed
$420,000 · Worth Funding INC
Feb 2, 1993
$275,000
Rock Prop Flat
Gtt Corp Tr
Grant Deed
—
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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