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353 Scott Swamp Rd, Farmington, CT 06032
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Property summary
AI-generated overview
This exceptional 19,776 square foot retail shopping center, located at 353 Scott Swamp Road in Farmington, Connecticut, presents a unique investment opportunity. The property, built in 1988 and extensively renovated in 2023, boasts a Class B designation and comprises a single, one-story building situated on 2.52 acres of land. Currently, there are five available retail units ranging from a minimum of 1,385 square feet to a maximum contiguous space of 9,495 square feet, totaling 9,495 square feet of vacant space. The property features ample parking with 119 spaces (a 6/1000 ratio), providing convenient access for customers. Its strategic location in Farmington, Hartford County, offers excellent visibility and high traffic counts of 22,052 ADT. Directory and monument signage enhance the property's prominence. Farmington's strong economy, low mill rate, highly educated workforce, and convenient access to regional highways make this a highly desirable location for businesses. The property's nine total suites offer flexibility for various retail concepts. This is an ideal opportunity to establish or expand a retail presence in a thriving Connecticut market.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
19,218 SF
Lot
2.52 ac (109,771 SF)
Zoning code
B1
APN
FARM M:0136 B:43E
UPID
US15-0231509
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Medical Clinic
-
Auto Parts Store
-
Dental Office
-
Daycare Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$650k
Owner & transaction history
since 2010
3 recorded transactions
Zoning & alternative use
B1 · Farmington, CT
Zoning description
The Intent of this to promote Business Uses
General category
COMMERCIAL
Top alternative use upside
Medical building
$1.1M
+39.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$650k
Value range
$585k – $715k
±10% around blend
Estimated value / SF
$34 / SF
Confidence
Property data
100
Comparable evidence
60
$585k
blend $650k
$715k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,218 SF
Lot area
2.52 ac
Year built
1988
Stories
1
APN
FARM M:0136 B:43E
Zoning
B1
Assessed value
$1,318,380
Annual tax
$31,918
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$792k
Range $412k – $1.17M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$650k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+39%
vs current-use indication
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.32M
Move the market yield to see immediate price impact.
Value / SF
$69
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$83k
$1.66M
$1.19M
$923k
$92k
$1.85M
$1.32M
$1.03M
$102k
$2.03M
$1.45M
$1.13M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,918
Tax year 2023
Assessed value
$1,318,380
Assessed 2023
Previous assessed
$1,318,380
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$477,400
Assessed improvement
$840,980
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
19,218 SF
Lot
2.52 ac (109,771 SF)
Zoning code
B1
APN
FARM M:0136 B:43E
UPID
US15-0231509
Jurisdiction
FARMINGTON
Zoning & alternative use
B1 · Farmington, CTZoning B1 · permitted uses
B1 · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Intent of this to promote Business Uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B1
COMMERCIAL
Jurisdiction
Farmington, CT
Recorded code
B1
Official district
B1
Official district profile
What the municipal code says about B1
Zoning description
The Intent of this to promote Business Uses
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1 in Farmington, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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