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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Residential income homes
283-285 Hartford Ave Wethersfield, CT 06109
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0978826
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1883
Construction
FRAME
Total area
3,395 SF
Lot
0.33 ac (14,375 SF)
Zoning code
B
APN
WETH M:211 B:010
UPID
US15-0978826
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
$545k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$359k
Blend (final)
Blend
$565k
Owner & transaction history
14 Standish Property LLC · 4 yrs held
14 Standish Property LLC
since 2022
Last sale
$569,450
5 recorded transactions
Zoning & alternative use
B · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$345,000
+15.5%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
$585,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
RETAIL STORES
$345,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $569k (May 31 2022)
Last sale anchor
$569k
May 31 2022
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
$166 / 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
$8,220
Tax year 2023
Assessed value
$196,740
Assessed 2023
Previous assessed
$196,740
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$74,940
Assessed improvement
$121,800
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1883
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
13
Bathrooms
4
Total area
3,395 SF
Lot
0.33 ac (14,375 SF)
Zoning code
B
APN
WETH M:211 B:010
UPID
US15-0978826
Jurisdiction
WETHERSFIELD
Zoning & alternative use
B · Wethersfield, CT
Zoning B · permitted uses
B · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$345,000
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
1883
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
13
Bathrooms
4
Lot
0.33 ac
Current owner
From public records · entity-resolved
14 Standish Property LLC
Entity
Mailing address
283 HARTFORD AVE #285, WETHERSFIELD, CT 06109-1256
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$569,450
14 Standish Property LLC
Peter A Mace
Warranty Deed
—
Jun 30, 2003
—
Peter A Mace
—
Deed Of Trust
related
$221,500 · Sib Mortgage Corp
Jan 14, 2003
—
Douglas A Ovian
—
Deed Of Trust
related
$200,000 · Fleet National Bank
Jan 31, 2000
$167,500
Peter A Mace
283 Hartford Ave LLC
Warranty Deed
$166,100 · Advanta Mortgage Corp
Feb 12, 1998
$250,000
Doulgas A Ovian
Macdonough Winston Est
Grant Deed
$200,000 · New England 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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