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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Showrooms
283 Main St, New Britain, CT 06051-2202
Entity Owned
Absentee Owner
Free & Clear
Property ID
US15-0494373
Property summary
AI-generated overview
This brand-new, 2023-built property at 283 S Main St, New Britain, CT 06051, offers up to 6,000 square feet of flexible retail space in the vibrant Downtown submarket. Ideal for various uses, including retail, medical, or restaurant establishments, this first-floor space boasts high visibility and a corner location. The building features a total of three suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 2,872 square feet. Rental rates are $25 per square foot, plus an additional $5 per square foot for taxes, insurance, and CAM charges. The property is part of a new development, offering excellent opportunities for businesses seeking a prominent location in a thriving urban setting. This is a single building with multiple tenancy options. The building is situated in the heart of Downtown New Britain, providing easy access to local amenities and a strong customer base. Don't miss this chance to secure your space in this exciting new development.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
100,492 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CBD
APN
NBRI M:C7C B:4
UPID
US15-0494373
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
-
The Highrailer Apartment Building
-
Amato's Toy and Hobby (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Nextwaving Solutions Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$6.70M
Owner & transaction history
The Highrailer Apt LLC
The Highrailer Apt LLC
since 2026
4 recorded transactions
Zoning & alternative use
CBD · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.1M
+91.0%
Auto repair, garage
$10.1M
+73.8%
Apartment house (5+ units)
$9.7M
+66.6%
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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
COMMERCIAL (GENERAL)
$5,800,000
Current use
OFFICE BUILDING
$11,075,000
Change: +91% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,080,000
Change: +74% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,660,000
Change: +67% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,965,000
Change: +20% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,605,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±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
$67 / 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
$229,078
Tax year 2024
Assessed value
$5,786,270
Assessed 2024
Previous assessed
$5,786,270
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$904,960
Assessed improvement
$4,881,310
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
1
Stories
6
Units
115
Rooms
2
Total area
100,492 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CBD
APN
NBRI M:C7C B:4
UPID
US15-0494373
Jurisdiction
NEW BRITAIN
Zoning & alternative use
CBD · New Britain, CT
Zoning CBD · permitted uses
CBD · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.8M
OFFICE BUILDING
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.7M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$5.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2023
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
6
Buildings
1
Units
115
Rooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
The Highrailer Apt LLC
Entity
Free & Clear · 0 yrs held
Mailing address
114 W MAIN ST STE #206, NEW BRITAIN, CT 06051-4223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
$30,750,000
The Highrailer Apt LLC
Main & Columbus LLC
Warranty Deed
—
Dec 22, 2022
—
Main & Columbus LLC
—
Deed
related
$20,300,000 · Liberty Bank
Aug 16, 2022
—
Main&columbus LLC
Main&columbus LLC
Warranty Deed
related
—
Apr 1, 2022
$407,500
Main&columbus LLC
283 Main St New Britain
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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