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Property profile & analytics
OFF-MARKET
Turn key restaurants
296 Main St Newington, CT 06111-2035
Individually Owned
11-yr Hold
Free & Clear
Property ID
US15-1020066
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
CONCRETE
Total area
2,070 SF
Lot
0.54 ac (23,522 SF)
Zoning code
B
APN
NEWI M:4 B:289 L:0
UPID
US15-1020066
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
-
Yannis Pizza Restaurant Restaurant
-
Gustafson Group Llc Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M E Investors · 11 yrs held
M E Investors
since 2014
3 recorded transactions
Zoning & alternative use
B · Newington, 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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,538
Tax year 2023
Assessed value
$300,780
Assessed 2023
Previous assessed
$300,780
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$166,250
Assessed improvement
$134,530
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
2,070 SF
Lot
0.54 ac (23,522 SF)
Zoning code
B
APN
NEWI M:4 B:289 L:0
UPID
US15-1020066
Jurisdiction
NEWINGTON
Zoning & alternative use
B · Newington, CT
Zoning B · permitted uses
B · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
M E Investors
Individual
Free & Clear · 11 yrs held
Mailing address
44 DENNISON RDG, WETHERSFIELD, CT 06109-3964
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Aug 8, 2014
—
M E Investors
Bikakis,michael G
Quit Claim Deed
related
—
Jul 19, 2002
$238,500
Michael G Bikakis
Hussain,mohammad K
Warranty Deed
—
Jan 31, 1997
$290,000
Mohammad K Hussain
Friendly Ice Cream
Warranty Deed
$232,000 · Fleet Mortgage Corp
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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