349 Billings Rd Somers, CT 06071-2040
Industrial (I) Zone. The Industrial (I) Zoning District is intended to permit a variety of uses of an industrial nature which might not be desirable or compatible in residential or business areas. Somers Somersville § 214-4.2 Village District declared. A. In order to maintain and enhance the historic value, distinctive character and landscape of the village…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
I · Somers, CTIndustrial (I) Zone. The Industrial (I) Zoning District is intended to permit a variety of uses of an industrial nature which might not be desirable or compatible in residential or business areas. Somers Somersville § 214-4.2 Village District declared. A. In order to maintain and enhance the historic value, distinctive character and landscape of the village areas in Somers Center and Somersville, the Village Business (VB) Zoning District is hereby declared to be a "Village District" as authorized by C.G.S. Section 8-2j and as recommended in the Plan of Conservation and Development. B. In accordance with C.G.S. Section 8-2j, the Commission shall consider the design, placement, relationships and compatibility of structures, plantings, signs, roadways, street hardware and other objects in public view. These regulations encourage the conversion, conservation and preservation of existing buildings and sites in a manner that maintains the historic value, distinctive character and landscape of the Village District. C. Applications within a Village District shall be reviewed and processed in accordance with Section 214-9.8N , except that construction or renovation of residential dwellings within the Village Business (VB) Zoning District shall be exempt from such Village District review.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.