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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
304 Spielman Hwy Burlington, CT 06013-1605
Entity Owned
8-yr Hold
Free & Clear
Property ID
US15-0775776
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
FRAME
Total area
11,160 SF
Lot
1.8 ac (78,408 SF)
Zoning code
CB
APN
BURL M:4-10 L:17
UPID
US15-0775776
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
-
Cadence Academy Preschool Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$946k
Blend (final)
Blend
$1.07M
Owner & transaction history
Scf Rc Funding 4 LLC · 8 yrs held
Scf Rc Funding 4 LLC
since 2018
6 recorded transactions
Zoning & alternative use
CB · Burlington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
240.58 ac
Source
Realmo
Top alternative use upside
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
OFFICE BUILDING
$1,230,000
Current use
RETAIL STORES
$1,285,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,120,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,055,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,025,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$96 / 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
$18,758
Tax year 2023
Assessed value
$582,540
Assessed 2023
Previous assessed
$582,540
+0.0% YoY
Effective rate
3.22%
On assessed value
Assessed land
$115,430
Assessed improvement
$467,110
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
11,160 SF
Lot
1.8 ac (78,408 SF)
Zoning code
CB
APN
BURL M:4-10 L:17
UPID
US15-0775776
Jurisdiction
BURLINGTON
Zoning & alternative use
CB · Burlington, CTZoning CB · permitted uses
CB · Burlington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Central Business
General category
COMMERCIAL
Zone area
240.58 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING Current
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
1938
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Scf Rc Funding 4 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
902 CARNEGIE CTR STE #520, PRINCETON, NJ 08540-6531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2018
$1,533,333
Scf Rc Funding 4 LLC
Schneiders 4 INC
Warranty Deed
—
Apr 7, 2008
—
Schneiders 4 INC
—
Deed Of Trust
related
$1,250,000 · Sovereign Bank
Mar 5, 2004
$700,000
Schneiders INC 5
Fortuna,sharon
Warranty Deed
$720,000 · Sovereign Bank
Jan 30, 1997
$493,500
Joseph Furtuna
Layton Corporation
Warranty Deed
$406,000 · Robert Fishman Trust
Oct 28, 1993
—
The Layton Corp
—
Deed Of Trust
related
$250,000 · Robert Fishman Trust
Sep 14, 1992
$595,000
Layton Corp
Dean,barbara S
Warranty Deed
$590,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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