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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Office buildings
3 Ella Grasso Tpke Windsor Locks, CT 06096
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-1179876
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
STEEL FRAME
Total area
10,404 SF
Lot
16.58 ac (722,225 SF)
Zoning code
BUS1
APN
WINL M:45 B:125 L:1
UPID
US15-1179876
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$3.06M
Owner & transaction history
Albatross 88 LLC · 2 yrs held
Albatross 88 LLC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
BUS1 · Windsor Locks, 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 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
$3,045,000
ML approach
$2,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10% · vs last sale $3.15M (Oct 26 2023)
Last sale anchor
$3.15M
Oct 26 2023
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
$294 / 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
$67,336
Tax year 2023
Assessed value
$2,557,380
Assessed 2023
Previous assessed
$2,557,380
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$2,278,290
Assessed improvement
$279,090
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
10,404 SF
Lot
16.58 ac (722,225 SF)
Zoning code
BUS1
APN
WINL M:45 B:125 L:1
UPID
US15-1179876
Jurisdiction
WINDSOR LOCKS
Zoning & alternative use
BUS1 · Windsor Locks, CT
Zoning BUS1 · permitted uses
BUS1 · 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.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
16.58 ac
Current owner
From public records · entity-resolved
Albatross 88 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
10209 ORANGE ST WILMINGTON
Ownership since
2023
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
Oct 26, 2023
—
Albatross 88 LLC
Edward S Babbitt
Quit Claim Deed
related
—
Jun 12, 2007
—
Bld Re Holdings LLC
—
Deed Of Trust
related
$350,000 · Edward Bubbitt
Nov 21, 2006
—
Bdl Re Holdings LLC
—
Deed Of Trust
related
$200,000 · Edward Babbitt
Aug 11, 2006
—
Bdl Re Holdings LLC
—
Deed Of Trust
related
$3,000,000 · Edward S Babbitt
Apr 13, 2006
$3,150,000
Bdl Re Holdings LLC
Prf Of Conn INC
Warranty Deed
$3,000,000 · Zwi Kohorn
Dec 9, 2002
—
Prf Of Ct INC
Turnpike Road Of Wind Loc
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 30, 1997
$900,000
Turnpike Road Windsor
Prf Of Conn INC
Warranty Deed
$810,000 · Zenon Grzybowski
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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