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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Showrooms
30 Bank St New Britain, CT 06051-2219
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-0905394
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Total area
20,065 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CBD
APN
NBRI M:C7C B:1
UPID
US15-0905394
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
-
Connecticut Bar Association Association / Organization
-
American Dispute Resolution Mediation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$785k
Owner & transaction history
30 Bank Street LLC · 3 yrs held
30 Bank Street LLC
since 2023
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
CBD · 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
$645,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,160,000
Current use
WAREHOUSE, STORAGE
$1,120,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $900k (Jun 26 2023)
Last sale anchor
$900k
Jun 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
$39 / 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
$25,515
Tax year 2023
Assessed value
$666,540
Assessed 2023
Previous assessed
$666,540
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$44,310
Assessed improvement
$622,230
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1968
Heating
NONE
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
2
Total area
20,065 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CBD
APN
NBRI M:C7C B:1
UPID
US15-0905394
Jurisdiction
NEW BRITAIN
Zoning & alternative use
CBD · New Britain, CT
Zoning CBD · permitted uses
CBD · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1968
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
30 Bank Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
30 BANK ST, NEW BRITAIN, CT 06051-2219
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
Feb 19, 2026
—
30 Bank Street Nb LLC
—
Deed
related
$3,350,000 · Bayport Funding LLC
May 24, 2024
—
30 Bank Street LLC
—
Deed
related
$3,300,000 · Arion Fund LLC
Jun 26, 2023
$900,000
30 Bank Street LLC
Ct Bar Institute INC
Warranty Deed
—
Feb 4, 2019
—
Ct Bar Institute INC
—
Deed
related
$725,000 · Liberty Bank
Jul 18, 2008
—
Conn Bar Institute INC
—
Deed Of Trust
related
$1,000,000 · Peoples Bank
Apr 6, 2000
—
Ct Bar Institute INC
—
Deed Of Trust
related
$600,000 · Hudson United Bank
Feb 29, 2000
$200,000
Ct Bar Institute INC
Tomasso George Est
Grant Deed
—
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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