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Property profile & analytics
FOR LEASE
Office buildings
300 Queen St Southington, CT 06489
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0611821
For Lease
1 / 3
$1,375,000
300 Queen St, Southington, CT 06489
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
FRAME
Total area
11,612 SF
Lot
1.59 ac (69,260 SF)
Zoning code
B
APN
SOUT M:157 L:001
UPID
US15-0611821
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 Hearing Center Physician
-
Connecticut Ear, Nose and Throat Associates, PC Physician
-
Dr. Carl Moeller Physician
-
Kyle Chambers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.38M
Owner & transaction history
Labyrinth Prop Group LLC · 5 yrs held
Labyrinth Prop Group LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
B · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+55.2%
Retail stores
$1.3M
+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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$1,375,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,280,000
Current use
RESTAURANT
$1,985,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$1,335,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,165,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,095,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.14M (Jul 7 2021)
Last sale anchor
$1.14M
Jul 7 2021
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
$118 / 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
$23,368
Tax year 2023
Assessed value
$769,690
Assessed 2023
Previous assessed
$769,690
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$289,700
Assessed improvement
$479,990
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
For Lease
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
11,612 SF
Lot
1.59 ac (69,260 SF)
Zoning code
B
APN
SOUT M:157 L:001
UPID
US15-0611821
Jurisdiction
SOUTHINGTON
Zoning & alternative use
B · Southington, CT
Zoning B · permitted uses
B · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING Current
RESTAURANT
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Labyrinth Prop Group LLC
Entity
Mailing address
31 SUMMERFIELD DR, WETHERSFIELD, CT 06109-3439
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$1,140,000
Labyrinth Prop Group LLC
300 Queen LLC
Warranty Deed
$1,272,000 · Webster Bank
Jun 27, 2017
$1,100,000
300 Queen LLC
Queen St Southington L
Warranty Deed
$825,000 · Union Savings Bank
Apr 20, 2012
$925,000
Queen St Southington LLC
Southington LP Queen St
Warranty Deed
$694,000 · First County Bank
Jun 23, 2006
—
Southington LP Queen St.
—
Deed Of Trust
related
$1,800,000 · Bank Of America
May 23, 2005
—
Lexington Southington LP
—
Deed Of Trust
related
$13,780,000 · J P Morgan Chase Bank
Dec 1, 1993
$360,000
LP Queen S Southington
Elihy Realty Holdings
Grant Deed
$260,000 · American Bank Of Conneticut
Aug 5, 1991
$1,401,375
Elihu Realty Holdings
Senese,john
Warranty Deed
related
—
Feb 2, 1988
$325,000
John Senese
Larson,paul
Grant Deed
$340,000 · Burritt Intrafinancial Banc
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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