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Property profile & analytics
FOR LEASE
Commercial real estate
3 Northwestern Dr, Bloomfield, CT 06002
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0658251
For Lease
1 / 36
$25 SF/Yr
3 Northwestern Dr, Bloomfield, CT 06002
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Property summary
AI-generated overview
This exceptional Class A, single-story office building, totaling 10,105 square feet, is situated on a 3.72-acre lot at 3 Northwestern Drive in Bloomfield, Connecticut, zip code 06002. Built in 1991, the property offers a blend of medical, traditional, and executive office spaces, currently featuring multiple tenancies. There are two immediately available suites ranging from 1,179 to 1,675 square feet of vacant space. The building enjoys a convenient location directly off Route 218 (Cottage Grove Road), surrounded by other professional offices and medical practices, making it an ideal location for a variety of businesses. Ample private parking is available for patients and clients. Its central location provides easy access to major Hartford area roadways, including US Route 44, I-91, and Connecticut Routes 178, 185, 187, and 189. This well-maintained property presents a fantastic opportunity for businesses seeking a professional and accessible location in a thriving area. The property features excellent visibility and is easily accessible from major transportation arteries. The building's single-story design offers convenient access for all tenants and their clients. The available suites are ready for immediate occupancy and offer a flexible layout adaptable to various business needs.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,105 SF
Lot
3.72 ac (162,043 SF)
Zoning code
PO
APN
BLOO M:37 L:139
UPID
US15-0658251
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
-
Steven L. Meltzer, DMD Dental Office
-
Dr. Jason Kwok Dental Office
-
Steven Lewis Meltzer Dental Office
-
Seidman & Bucari Dental Office
-
Robin Goldberg Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.28M
Owner & transaction history
Yellowbrick Property LLC · 2 yrs held
Yellowbrick Property LLC
since 2023
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
PO · Bloomfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+74.8%
Retail stores
$1.2M
+17.7%
Office building
$1.1M
+12.7%
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 Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield 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
$1,230,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Current use
RESTAURANT
$1,730,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,165,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$1,115,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,015,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.27M (Nov 29 2023)
Last sale anchor
$1.27M
Nov 29 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
$126 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,906
Tax year 2024
Assessed value
$966,000
Assessed 2024
Previous assessed
$966,000
+0.0% YoY
Effective rate
3.92%
On assessed value
Assessed land
$172,480
Assessed improvement
$793,520
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
6
Rooms
6
Bathrooms
2
Total area
10,105 SF
Lot
3.72 ac (162,043 SF)
Zoning code
PO
APN
BLOO M:37 L:139
UPID
US15-0658251
Jurisdiction
BLOOMFIELD
Zoning & alternative use
PO · Bloomfield, CT
Zoning PO · permitted uses
PO · Bloomfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$990,000
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
6
Rooms
6
Bathrooms
2
Lot
3.72 ac
Current owner
From public records · entity-resolved
Yellowbrick Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3 NORTHWESTERN DR, BLOOMFIELD, CT 06002-3465
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
$1,270,000
Yellowbrick Property LLC
Bloomfield Professional A
Warranty Deed
—
Feb 12, 2008
$1
Bloo Professional Arts LP
Mason,stephen
Warranty Deed
related
—
Dec 17, 1993
—
Stephen Mason
—
Deed Of Trust
related
$600,000 · Mechanics Savings Bank
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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