New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Industrial properties
299 John Downey Dr New Britain, CT 06051-2905
Entity Owned
6-yr Hold
Free & Clear
Property ID
US15-1052072
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1967
Construction
STEEL FRAME
Total area
9,344 SF
Lot
2.14 ac (93,218 SF)
Zoning code
I1
APN
NBRI M:A9C B:13
UPID
US15-1052072
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
-
Leonard Markese Construction Construction Company General Contractor
-
Midstate Abatement, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Markese Props LLC · 6 yrs held
Markese Props LLC
since 2020
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
I1 · New Britain, 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 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
$515,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$650,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: -17% · Conversion: Difficult
WAREHOUSE, STORAGE
$520,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Jun 2 2020)
Last sale anchor
$500k
Jun 2 2020
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
$54 / 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
$13,084
Tax year 2023
Assessed value
$341,810
Assessed 2023
Previous assessed
$341,810
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$104,090
Assessed improvement
$237,720
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
2
Total area
9,344 SF
Lot
2.14 ac (93,218 SF)
Zoning code
I1
APN
NBRI M:A9C B:13
UPID
US15-1052072
Jurisdiction
NEW BRITAIN
Zoning & alternative use
I1 · New Britain, CT
Zoning I1 · permitted uses
I1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$520,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (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
1967
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
2
Lot
2.14 ac
Current owner
From public records · entity-resolved
Markese Props LLC
Entity
Free & Clear · 6 yrs held
Mailing address
299 JOHN DOWNEY DR, NEW BRITAIN, CT 06051-2905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
$500,000
Markese Props LLC
299 John Downey Drive LLC
Warranty Deed
—
Jun 29, 2012
$440,000
299 John Downey Drive
Roberta Cowell
Warranty Deed
$352,000 · Td Bank NA
Mar 6, 2009
$1
Roberta Cowell
Dreiling,alex
Grant Deed
related
—
Sep 17, 2002
—
Alex Dreiling
—
Deed Of Trust
related
$76,100 · Us Small Business Admn
Dec 17, 1996
—
Alex Dreiling
—
Deed Of Trust
related
$310,000 · First National Bank New Englnd
May 3, 1993
$360,000
Alex Dreiling
Gtt Corp
Grant Deed
$180,000 · Ct Development Auth
May 3, 1993
—
Alex Dreiling
—
Deed Of Trust
related
$151,000 · Zuckerman Family Nomi
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 299 John Downey Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
