New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Medical Office Space
357 Hartford Tpke, Vernon, CT 06066-4838
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0267713
Property summary
AI-generated overview
This 9,150 sq ft medical office building in Vernon, CT, offers a compelling investment opportunity with a strong 8.52% cap rate and a 100% occupancy rate. The property features two credit-rated tenants, Starling Physicians and Integrated Dermatology Group, both under long-term net leases with annual rent bumps. Built in 1984, the single-building property sits on a 1.15-acre lot with 25 parking spaces and boasts a prime location on Hartford Turnpike, providing excellent visibility and accessibility to I-84. The current leases have a weighted average lease term of 4.9 years, with options for two additional five-year renewals. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment for discerning buyers. The Net Operating Income (NOI) is $115,013, and the asking price is $1,350,000. The property is zoned commercial and has undergone consistent maintenance since its construction.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
9,048 SF
Lot
1.15 ac (50,094 SF)
Zoning code
COMMER
APN
VERN M:11 B:0015 L:00012
UPID
US15-0267713
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
-
Martin Elizabeth MD Pediatrician Medical Clinic
-
Dr. Jerome E. Lahman, MD Pediatrician Medical Clinic
-
Judy Huang-Bulger, MD, FAAP Pediatrician Medical Clinic
-
Amy Davidson Rapaport, MD, FAAP Pediatrician Medical Clinic
-
CHANDRANNI QUINONES Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
357 Hartford Tpke LLC · 1 yrs held
357 Hartford Tpke LLC
since 2025
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
COMMER · Vernon, 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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$1,145,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,115,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$805,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.34M (Mar 24 2025)
Last sale anchor
$1.34M
Mar 24 2025
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
$139 / 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
$28,929
Tax year 2023
Assessed value
$866,410
Assessed 2023
Previous assessed
$866,410
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$161,000
Assessed improvement
$705,410
Applied tax rate
420.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Bathrooms
4
Total area
9,048 SF
Lot
1.15 ac (50,094 SF)
Zoning code
COMMER
APN
VERN M:11 B:0015 L:00012
UPID
US15-0267713
Jurisdiction
VERNON
Zoning & alternative use
COMMER · Vernon, CT
Zoning COMMER · permitted uses
COMMER · Vernon, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$765,000
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
4
Lot
1.15 ac
Current owner
From public records · entity-resolved
357 Hartford Tpke LLC
Entity
Mailing address
357 HARTFORD TPKE, VERNON, CT 06066-4838
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
$1,335,000
357 Hartford Tpke LLC
Vernon Medical Arts Asso
Warranty Deed
$1,000,000 · Union Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 357 Hartford Tpke?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
