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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
3 Concorde Way Windsor Locks, CT 06096-1542
Trust Owned
7-yr Hold
Free & Clear
Property ID
US15-0071565
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
FRAME
Total area
6,532 SF
Lot
0.54 ac (23,522 SF)
Zoning code
BUS2
APN
WINL M:39 B:125 L:33
UPID
US15-0071565
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
-
Mc Cuin J Scott Law Firm
-
A & G Insurance LLC Insurance Agency
-
Prime Healthcare Medical Clinic
-
Soroka Alan MD Physician
-
AIT Worldwide Logistics Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$665k
Owner & transaction history
Merrigan,gary S Trust · 7 yrs held
Merrigan,gary S Trust
since 2019
5 recorded transactions
Zoning & alternative use
BUS2 · Windsor Locks, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$770,000
+7.3%
Retail stores
$750,000
+4.4%
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 Windsor Locks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Windsor Locks 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
OFFICE BUILDING
$720,000
Current use
INDUSTRIAL (GENERAL)
$770,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$655,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$102 / 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
$12,231
Tax year 2023
Assessed value
$464,520
Assessed 2023
Previous assessed
$464,520
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$107,860
Assessed improvement
$356,660
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Total area
6,532 SF
Lot
0.54 ac (23,522 SF)
Zoning code
BUS2
APN
WINL M:39 B:125 L:33
UPID
US15-0071565
Jurisdiction
WINDSOR LOCKS
Zoning & alternative use
BUS2 · Windsor Locks, CT
Zoning BUS2 · permitted uses
BUS2 · Windsor Locks, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Windsor Locks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$720,000
INDUSTRIAL (GENERAL)
Est. value
$770,000
RETAIL STORES
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Lot
0.54 ac
Current owner
From public records · entity-resolved
Merrigan,gary S Trust
Trust
Free & Clear · 7 yrs held
Mailing address
560 HALFWAY HOUSE RD, WINDSOR LOCKS, CT 06096-1500
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
May 7, 2019
—
Merrigan,gary S Trust
Merrigan,gary S
Quit Claim Deed
related
—
Mar 14, 2019
—
Lefebve,dale M Trust
Lefebvre,darryl J
Quit Claim Deed
related
—
Jan 12, 2017
$61,000
Emily Thompson
Hud-housing Of Urban Dev
Warranty Deed
—
Sep 25, 2003
$100,000
Gary Merrigan
Merrigan,catherine
Grant Deed
related
$100,000 · Zenon Grzybowski
Dec 2, 1993
—
Gary Merrigan
—
Deed Of Trust
related
$395,000 · Savings Bank Of Rockville
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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