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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office Spaces
316 Main St, Farmington, CT 06032-2961
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0528569
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
5,100 SF
Zoning code
BR
APN
FARM M:0140 B:5B/6-94300316
UPID
US15-0528569
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$535k
Owner & transaction history
316 Main Street LLC · 4 yrs held
316 Main Street LLC
since 2021
Last sale
$525,000
4 recorded transactions
Zoning & alternative use
BR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$870,000
+52.4%
Retail stores
$585,000
+2.6%
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$635,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$570,000
Current use
RESTAURANT
$870,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$585,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$510,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$480,000
Change: -16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$470,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $525k (Oct 22 2021)
Last sale anchor
$525k
Oct 22 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
$105 / 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
$8,911
Tax year 2023
Assessed value
$368,060
Assessed 2023
Previous assessed
$368,060
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$368,060
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
5,100 SF
Zoning code
BR
APN
FARM M:0140 B:5B/6-94300316
UPID
US15-0528569
Jurisdiction
FARMINGTON
Zoning & alternative use
BR · Farmington, CT
Zoning BR · permitted uses
BR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$570,000
RESTAURANT
Est. value
$870,000
RETAIL STORES
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$480,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$470,000
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
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Current owner
From public records · entity-resolved
316 Main Street LLC
Entity
Mailing address
316 MAIN ST, FARMINGTON, CT 06032-2961
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
316 Main Street LLC
—
Deed
related
$400,000 · Savers Cooperative Bank
Oct 22, 2021
$525,000
316 Main Street LLC
Djg LLC
Warranty Deed
$393,750 · Djg LLC
Dec 8, 2011
—
Djg LLC
—
Deed Of Trust
related
$320,000 · Farmington Savings Bank
Nov 10, 2004
—
Djg LLC
—
Deed Of Trust
related
$110,000 · Sovereign 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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