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Property profile & analytics
OFF-MARKET
Estimated value
$10,650,000
Retail properties & Spaces
3270 Berlin Tpke, Newington, CT 06111-4628
Entity Owned
25-yr Hold
Free & Clear
Property ID
US15-0879183
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1998
Construction
STEEL FRAME
Total area
133,946 SF
Lot
18.32 ac (798,019 SF)
Zoning code
PD
APN
NEWI M:27 B:127 L:0
UPID
US15-0879183
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
-
Installation Services General Contractor
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Lowe's Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.56M
Blend (final)
Blend
$10.65M
Owner & transaction history
Rubyback LLC · 25 yrs held
Rubyback LLC
since 2000
6 recorded transactions
Zoning & alternative use
PD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
RETAIL STORES
$13,535,000
Current use
AUTO REPAIR, GARAGE
$12,000,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,720,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,715,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.65M
Range $9.59M – $11.72M · ±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
$80 / 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
$375,928
Tax year 2023
Assessed value
$9,800,000
Assessed 2023
Previous assessed
$9,800,000
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$4,073,080
Assessed improvement
$5,726,920
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
133,946 SF
Lot
18.32 ac (798,019 SF)
Zoning code
PD
APN
NEWI M:27 B:127 L:0
UPID
US15-0879183
Jurisdiction
NEWINGTON
Zoning & alternative use
PD · Newington, CT
Zoning PD · permitted uses
PD · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$11.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
18.32 ac
Current owner
From public records · entity-resolved
Rubyback LLC
Entity
Free & Clear · 25 yrs held
Mailing address
PO BOX 1000, MOORESVILLE, NC 28115-1000
Ownership since
2000
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
Aug 21, 2000
$791,690
Rubyback LLC
Dead River Newi LLC
Grant Deed
—
Jun 10, 1999
—
Dead River Newngtn LLC
—
Deed Of Trust
related
$60,200 · Peoples Heritage
May 20, 1999
$550,000
Dead Rvr Newington LLC
Dead River Co
Warranty Deed
related
—
Apr 16, 1998
$1,100,000
Dead River Co
Lowes Home Ctr INC
Warranty Deed
—
Oct 15, 1997
$2,000,000
Lowes Home Centers INC
Cinema Nt
Grant Deed
—
Oct 15, 1997
$405,000
Lowes Home Centers INC
Mcbride Prop INC
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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