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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Industrial properties
344 Johnson Ave Cheshire, CT 06410-1208
Entity Owned
6-yr Hold
Free & Clear
Property ID
US15-0811240
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,642 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I-2
APN
CHES M:12 B:9 L:
UPID
US15-0811240
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$730k
Owner & transaction history
Ck 344 E Johnson Ave LLC · 6 yrs held
Ck 344 E Johnson Ave LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-2 · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$975,000
+59.3%
Office building
$960,000
+57.1%
Retail stores
$940,000
+53.4%
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 Cheshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheshire 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
INDUSTRIAL (GENERAL)
$610,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$940,000
Change: +53% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$905,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$510,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$84 / 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
$18,890
Tax year 2023
Assessed value
$538,330
Assessed 2023
Previous assessed
$538,330
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$118,140
Assessed improvement
$420,190
Applied tax rate
322.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
8,642 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I-2
APN
CHES M:12 B:9 L:
UPID
US15-0811240
Jurisdiction
CHESHIRE
Zoning & alternative use
I-2 · Cheshire, CT
Zoning I-2 · permitted uses
I-2 · Cheshire, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheshire. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING
Est. value
$960,000
RETAIL STORES
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$510,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Ck 344 E Johnson Ave LLC
Entity
Free & Clear · 6 yrs held
Mailing address
301 E JOHNSON AVE, CHESHIRE, CT 06410-1269
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
Ck East Johnson South LLC
—
Deed
related
$13,081,145 · Farm Credit
Nov 13, 2019
—
Ck 344 E Johnson Ave LLC
Ck 306 E Johnson Ave LLC
Quit Claim Deed
related
—
Aug 28, 2017
$479,250
Ck 344 E Johnson Ave LLC
Talon Co LLC
Warranty Deed
—
Oct 28, 2005
—
Talon Co
—
Deed Of Trust
related
$50,000 · Mark Hubeny
Dec 17, 2003
—
Talon Company
—
Deed Of Trust
related
$240,000 · Apple Valley Bt
Sep 15, 1994
$210,000
Talcon Co LLC
Branford Sb
Grant Deed
$140,000 · Branford Savings Bank
May 26, 1989
—
Bldrs Jubilee
—
Deed Of Trust
related
$286,451 · Branford Svgs Bk
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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