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Property profile & analytics
FOR LEASE
Office buildings
320 New Britain Rd Berlin, CT 06037
Entity Owned
12-yr Hold
Free & Clear
Property ID
US15-0951695
For Lease
1 / 15
$2,025/Mo
320 New Britain Rd, Berlin, CT 06037
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,564 SF
Lot
1.38 ac (60,113 SF)
Zoning code
CCD-1
APN
BERL M:9-1 B:24A L:49B
UPID
US15-0951695
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
-
Quest Diagnostics Medical Clinic
-
Dr. Kathryn Gonzalez, MD Physician
-
Dr. Laura Bevelock, MD Physician
-
Doctors-Central Connectlcut Medical Clinic
-
Kubrynski Martha Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$545k
Owner & transaction history
New Britain Road Realty · 12 yrs held
New Britain Road Realty
since 2014
3 recorded transactions
Zoning & alternative use
CCD-1 · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial Core District 1
General category
COMMERCIAL
Zone area
105.45 ac
Source
Realmo
Top alternative use upside
Retail stores
$410,000
+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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$395,000
Current use
RETAIL STORES
$410,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$355,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$335,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$153 / 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
$13,166
Tax year 2023
Assessed value
$445,400
Assessed 2023
Previous assessed
$445,400
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$109,800
Assessed improvement
$335,600
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
3,564 SF
Lot
1.38 ac (60,113 SF)
Zoning code
CCD-1
APN
BERL M:9-1 B:24A L:49B
UPID
US15-0951695
Jurisdiction
BERLIN
Zoning & alternative use
CCD-1 · Berlin, CTZoning CCD-1 · permitted uses
CCD-1 · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial Core District 1
General category
COMMERCIAL
Zone area
105.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$395,000
RETAIL STORES
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$335,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
New Britain Road Realty
Entity
Free & Clear · 12 yrs held
Mailing address
429 MIDDLETOWN AVE, NEW HAVEN, CT 06513-1007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2014
—
New Britain Road Realty
Lillian E P Beatman Lt
Trustees Deed
—
Mar 20, 2012
$1
Lillian E P Beatman Lt
Beatman,leslie H
Grant Deed
related
—
Sep 30, 1999
$490,000
Leslie H Beatman
Sultar,robert
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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