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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Manufacturing properties
35 Corporate Ave Plainville, CT 06062-1194
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0115789
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
STEEL FRAME
Total area
43,173 SF
Lot
8.43 ac (367,211 SF)
Zoning code
RI
APN
PLAI M:08 B:A L:34.19
UPID
US15-0115789
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
-
Connecticut Tool & Manufacturing LLC Industrial Manufacturer
-
Whitcraft Group Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$3.98M
Owner & transaction history
Store Master Funding 21 · 5 yrs held
Store Master Funding 21
since 2021
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
RI · Plainville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.0M
+66.1%
Office building
$4.8M
+59.0%
Auto repair, garage
$4.3M
+44.7%
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 Plainville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainville 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
$4,465,000
ML approach
$3,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,990,000
Current use
RETAIL STORES
$4,970,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$4,760,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,330,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,080,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,970,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,410,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.70M (Apr 15 2021)
Last sale anchor
$3.70M
Apr 15 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
$92 / 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
$73,352
Tax year 2023
Assessed value
$2,334,570
Assessed 2023
Previous assessed
$2,334,570
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$392,490
Assessed improvement
$1,942,080
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Units
1
Total area
43,173 SF
Lot
8.43 ac (367,211 SF)
Zoning code
RI
APN
PLAI M:08 B:A L:34.19
UPID
US15-0115789
Jurisdiction
PLAINVILLE
Zoning & alternative use
RI · Plainville, CT
Zoning RI · permitted uses
RI · Plainville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plainville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Units
1
Lot
8.43 ac
Current owner
From public records · entity-resolved
Store Master Funding 21
Individual
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
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
Apr 15, 2021
$3,700,000
Store Master Funding 21
Connecticut Tool&mfg Co
Warranty Deed
$3,700,000 · Citibank NA
Sep 18, 2017
—
Connecticut Tool & Manuf
—
Deed
related
$174,000,000 · Golub Capital LLC Golub Capital LLC
Apr 2, 2015
—
Connecticut Tool & Mfg LLC
Connecticut Tool & Mfg LLC
Quit Claim Deed
related
—
Jun 8, 2011
$1
Connecticut Tool & Mfg
Connecticut Tool & Mfg
Grant Deed
related
—
Dec 21, 2010
—
Ct Tool&manufacturing Co
—
Deed Of Trust
related
$20,522,388 · General Electric Capital Corp
Jun 15, 2009
$2,700,000
Connecticut Tool&mfg LLC
Seabird Properties LLC
Warranty Deed
$36,000,000 · Bank Of America
Jun 15, 2009
—
Connecticut Tool&mfg LLC
—
Deed Of Trust
related
$42,000,000 · Gci Capital Marke LLC
Sep 7, 2000
$240,800
Seabird Prop LLC
Fcp 2 LLC
Warranty Deed
$1,250,000 · First National Bank & Trust Co
—
—
Connecticut Tool & Mfg Co
—
Deed Of Trust
related
$66,000,000 · Golub Capital LLC
—
—
Connecticut Tool & Manuf
—
Deed Of Trust
related
$174,000,000 · Golub Capital LLC Golub Capital LLC
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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