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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Industrial properties
301 Johnson Ave Cheshire, CT 06410-1269
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US15-0222592
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
STEEL FRAME
Total area
25,440 SF
Lot
22.93 ac (998,831 SF)
Zoning code
I-2
APN
CHES M:12 B:23 L:
UPID
US15-0222592
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
-
Kurt Weiss Greenhouses Inc Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.70M
Owner & transaction history
301 E Johnson Avenue LLC · 13 yrs held
301 E Johnson Avenue LLC
since 2012
7 recorded transactions
Zoning & alternative use
I-2 · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+106.8%
Commercial (general)
$2.9M
+59.3%
Office building
$2.8M
+57.1%
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 Cheshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheshire 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
INDUSTRIAL (GENERAL)
$1,800,000
Current use
RESTAURANT
$3,720,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,865,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$2,825,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$2,760,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,665,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,305,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±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
$106 / 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
$84,642
Tax year 2023
Assessed value
$2,412,130
Assessed 2023
Previous assessed
$2,412,130
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$179,570
Assessed improvement
$2,232,560
Applied tax rate
322.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
25,440 SF
Lot
22.93 ac (998,831 SF)
Zoning code
I-2
APN
CHES M:12 B:23 L:
UPID
US15-0222592
Jurisdiction
CHESHIRE
Zoning & alternative use
I-2 · Cheshire, CT
Zoning I-2 · permitted uses
I-2 · Cheshire, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheshire. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
22.93 ac
Current owner
From public records · entity-resolved
301 E Johnson Avenue LLC
Entity
Mailing address
301 E JOHNSON AVE, CHESHIRE, CT 06410-1269
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
Ck East Johnson South LLC
—
Deed
related
$13,081,145 · Farm Credit
Jan 11, 2013
—
Ck 301 E Johnson Ave LLC
—
Deed Of Trust
related
$7,900,000 · Farm Credit Bank
Dec 19, 2012
$1,595,030
301 E Johnson Avenue LLC
Weiss,russell C
Warranty Deed
$7,900,000 · Farm Credit East Aca
Dec 19, 2012
—
Court Cheshire Mccausland
—
Deed Of Trust
related
$7,900,000 · Farm Credit East Aca
Feb 24, 2011
—
Russell C Weiss
—
Deed Of Trust
related
$3,725,000 · Farm Credit Connecticut
Mar 11, 1997
—
Russell C Weiss
—
Deed Of Trust
related
$3,196,000 · First Pioneer Farm Credit Aca
Feb 4, 1997
$1,782,000
Russell C Weiss
Delucia Farms Cheshire
Warranty Deed
$3,196,000 · First Pioneer Farm Credit Aca
Jul 30, 1991
—
Farms Cheshire Delucia
—
Deed Of Trust
related
$2,625,000 · Union Trust Co
May 11, 1988
—
Delucia Farms Of Ches
—
Deed Of Trust
related
$2,000,000 · Union Trust Co
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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