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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Medical Office Space
291 Farmington Ave, Farmington, CT 06032-1925
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0967323
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
12,280 SF
Zoning code
PR
APN
FARM M:0067 B:4A1-06350291
UPID
US15-0967323
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
-
Cameron Seymour Dental Office
-
Mielcarek Jason T DDS Dental Office
-
Dr. David A. Galbraith, DMD Dental Office
-
Tingey Ian C DDS Dental Office
-
Dental Associates Sleep Solutions Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$885k
Owner & transaction history
291 Group LLC · 7 yrs held
291 Group LLC
since 2019
5 recorded transactions
Zoning & alternative use
PR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+112.8%
Commercial (general)
$1.1M
+67.4%
Auto repair, garage
$1.0M
+53.6%
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$675,000
Current use
RESTAURANT
$1,435,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,125,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,010,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$1,000,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$72 / 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
$48,438
Tax year 2023
Assessed value
$2,000,740
Assessed 2023
Previous assessed
$2,000,740
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$2,000,740
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
12,280 SF
Zoning code
PR
APN
FARM M:0067 B:4A1-06350291
UPID
US15-0967323
Jurisdiction
FARMINGTON
Zoning & alternative use
PR · Farmington, CT
Zoning PR · permitted uses
PR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$675,000
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Current owner
From public records · entity-resolved
291 Group LLC
Entity
Mailing address
291 FARMINGTON AVE, FARMINGTON, CT 06032-1925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 30, 2019
—
10110 LLC
—
Deed
related
$609,788 · Simsbury Bk&tr
Jan 18, 2019
—
291 Group LLC
Farmington Office Assoc
Warranty Deed
related
$2,440,000 · Putnam Bk
Dec 14, 1999
—
Farmington Ofce Ascllc
—
Deed Of Trust
related
$870,000 · Mechanics Savings Bank
Mar 29, 1994
—
Farmington Office Assn
—
Deed Of Trust
related
$635,000 · Chase Manhattan Bank
—
—
10110 LLC
—
Deed Of Trust
related
$609,788 · Simsbury Bk&tr
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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