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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Medical Office Space
280 Main St, Cheshire, CT 06410-3112
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0329007
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,198 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C-1
APN
CHES M:64 B:253 L:
UPID
US15-0329007
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
-
Hartford HealthCare Center for Healthy Aging Community Center
-
Lauren Just, APRN Physician Medical Clinic
-
Dr. Paul Pyo Physician Medical Clinic
-
Leon Meytin Physician Medical Clinic
-
Dr. Allison Padegimas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Centurion Holdings 1 INC · 5 yrs held
Centurion Holdings 1 INC
since 2021
3 recorded transactions
Zoning & alternative use
C-1 · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+33.1%
Industrial (general)
$4.0M
+22.5%
Commercial (general)
$3.9M
+20.2%
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 Cheshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheshire 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,255,000
Current use
OFFICE BUILDING
$4,330,000
Change: +33% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,985,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,910,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,605,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,470,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$2,715,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±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
$66 / 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
$346,810
Tax year 2023
Assessed value
$9,883,430
Assessed 2023
Previous assessed
$9,883,430
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$1,389,570
Assessed improvement
$8,493,860
Applied tax rate
322.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
41,198 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C-1
APN
CHES M:64 B:253 L:
UPID
US15-0329007
Jurisdiction
CHESHIRE
Zoning & alternative use
C-1 · Cheshire, CT
Zoning C-1 · permitted uses
C-1 · Cheshire, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheshire. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
OFFICE BUILDING
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
Centurion Holdings 1 INC
Entity
Free & Clear · 5 yrs held
Mailing address
129 PATRICIA M GENOVA DR, NEWINGTON, CT 06111-1543
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
—
Centurion Holdings 1 INC
Cheshire Medical Assoc
Warranty Deed
—
Mar 23, 2018
—
Cheshire Medical Assoc
Cheshire Medical Assoc
Quit Claim Deed
—
Jul 29, 2011
$545,000
7-11 INC
Evercore T Co
Warranty 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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