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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
340 Main St Farmington, CT 06032-2902
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0231513
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
FRAME
Total area
3,846 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R20
APN
FARM M:0140 B:1-11600340
UPID
US15-0231513
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
-
Diane Bonney, Berkshire Hathaway NE Prop. Real Estate Agency
-
Divya Kataria, Connecticut REALTOR Real Estate Agency
-
Jacek Mikolajczyk, Berkshire Hathaway NE Prop. Real Estate Agency
-
Diane Lattarulo, Berkshire Hathaway NE Prop. Real Estate Agency
-
Nelson Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$540k
Owner & transaction history
340 Main LLC · 18 yrs held
340 Main LLC
since 2007
7 recorded transactions
Zoning & alternative use
R20 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$445,000
+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
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$430,000
Current use
RETAIL STORES
$445,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$385,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$365,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$140 / 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
$13,756
Tax year 2023
Assessed value
$568,190
Assessed 2023
Previous assessed
$568,190
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$239,120
Assessed improvement
$329,070
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
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Rooms
9
Bathrooms
3
Total area
3,846 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R20
APN
FARM M:0140 B:1-11600340
UPID
US15-0231513
Jurisdiction
FARMINGTON
Zoning & alternative use
R20 · Farmington, CT
Zoning R20 · permitted uses
R20 · 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
$430,000
RETAIL STORES
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$365,000
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Rooms
9
Bathrooms
3
Lot
0.6 ac
Current owner
From public records · entity-resolved
340 Main LLC
Entity
Mailing address
75 WW ST, SIMSBURY, CT 06070-2459
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2008
—
340 Main LLC
—
Deed Of Trust
related
$720,000 · Farmington Savings Bank
Oct 21, 2008
—
340 Main LLC
—
Deed Of Trust
related
$720,000 · Farmington Savings Bank
Oct 5, 2007
$495,000
340 Main LLC
Aiezza,michael
Grant Deed
$720,000 · Farmington Savings Bank
Jun 23, 2005
—
Michael Aiezza
—
Deed Of Trust
related
$250,000 · Fleet Mortgage Corp
Mar 11, 2005
—
Michael Aiezza
—
Deed Of Trust
related
$150,000 · Fleet Mortgage Corp
Oct 31, 1997
—
Michael Aiezza
—
Deed Of Trust
related
$214,600 · Columbia National INC
Feb 18, 1994
—
Michael Aiezza
—
Deed Of Trust
related
$257,000 · Dale Mortgage Bankers Corp
Jul 15, 1988
$330,000
John Aiezza
Burnham,bruce E
Grant Deed
$264,000 · Sanborn Corp
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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