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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Showrooms
348 Boston Post Rd, Orange, CT 06477-3508
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0686915
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Construction
FRAME
Total area
7,675 SF
Lot
2.77 ac (120,661 SF)
Zoning code
C-2
APN
ORAN M:22 B:5 L:1&1B
UPID
US15-0686915
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
-
TGI Fridays Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.51M
Owner & transaction history
231st Cgs LLC · 4 yrs held
231st Cgs LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
C-2 · Orange, 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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$3,600,000
ML approach
$3,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±10% · vs last sale $3.50M (Aug 12 2021)
Last sale anchor
$3.50M
Aug 12 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
$457 / 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
$56,387
Tax year 2023
Assessed value
$1,745,200
Assessed 2023
Previous assessed
$1,745,200
+0.0% YoY
Effective rate
3.23%
On assessed value
Assessed land
$533,100
Assessed improvement
$1,212,100
Applied tax rate
336.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
7,675 SF
Lot
2.77 ac (120,661 SF)
Zoning code
C-2
APN
ORAN M:22 B:5 L:1&1B
UPID
US15-0686915
Jurisdiction
ORANGE
Zoning & alternative use
C-2 · Orange, CT
Zoning C-2 · permitted uses
C-2 · Orange, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orange. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.77 ac
Current owner
From public records · entity-resolved
231st Cgs LLC
Entity
Free & Clear · 4 yrs held
Mailing address
20 E 74TH ST1B, NEW YORK, NY 10021-2654
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
$3,500,000
231st Cgs LLC
Bh Orange LLC
Deed
—
Apr 28, 2021
—
Bh Orange LLC
—
Deed
related
$10,000 · M & T Bank
Mar 27, 2020
—
Bh Orange LLC
Empire Hldgs Majestic
Warranty Deed
—
Jan 21, 2016
$3,500,000
Majestic Empire Holdin
Lambert Boston Associa
Warranty Deed
$55,780,874 · Manuf & Trdr Trust Co
Dec 23, 2003
—
Briad Restaurant Grp LLC
—
Deed Of Trust
related
$20,875,000 · Bank Of America
Jun 20, 2002
—
Boston Assoc Lambert
—
Deed Of Trust
related
$650,000 · American Savings Bank
Jun 22, 1989
—
Lambert Realty Assoc
—
Deed Of Trust
related
$1,400,000 · First Federal Bank Of Ct
Aug 3, 1988
$700,000
Lambert Realty Assoc
Small,dorothy
Grant Deed
—
Aug 3, 1988
—
Lambert Realty Assoc
—
Deed Of Trust
related
$950,000 · Union Trust Co
May 2, 1988
—
Gary M Richetelli
—
Deed Of Trust
related
$100,000 · Housatonic Bank & Trust
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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