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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Specialty properties
36 Scotland Rd, Madison, CT 06443-3358
Entity Owned
18-yr Hold
Free & Clear
Property ID
US15-0221860
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1996
Construction
FRAME
Total area
2,923 SF
Lot
3.26 ac (142,006 SF)
Zoning code
R-2
APN
MADI M:49 B:28
UPID
US15-0221860
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
-
Madison Racquet & Swim Club Nightclub Music Venue
-
Aquadome Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$358k
Blend (final)
Blend
$505k
Owner & transaction history
36 Scotland Road LLC · 18 yrs held
36 Scotland Road LLC
since 2008
Last sale
$690,000
4 recorded transactions
Zoning & alternative use
R-2 · Madison, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$520,000
+115.7%
Commercial (general)
$325,000
+33.6%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$325,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $690k (Sep 13 2024)
Last sale anchor
$690k
Sep 13 2024
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
$173 / 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
$15,108
Tax year 2023
Assessed value
$504,100
Assessed 2023
Previous assessed
$504,100
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$145,100
Assessed improvement
$359,000
Applied tax rate
328.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,923 SF
Lot
3.26 ac (142,006 SF)
Zoning code
R-2
APN
MADI M:49 B:28
UPID
US15-0221860
Jurisdiction
MADISON
Zoning & alternative use
R-2 · Madison, CT
Zoning R-2 · permitted uses
R-2 · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$325,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1996
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3.26 ac
Current owner
From public records · entity-resolved
36 Scotland Road LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 508, MADISON, CT 06443-0508
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2008
$1
36 Scotland Road LLC
Dunlop,robert H 3rd
Grant Deed
related
—
Sep 30, 1999
—
Robert H Dunlop 3rd
—
Deed Of Trust
related
$675,000 · Peoples Bank
Apr 29, 1996
—
Robert H Dunlop 3rd
—
Deed Of Trust
related
$526,000 · Webster Bank
Mar 19, 1991
$223,000
Robert H Dunlop III
Madison Racquet Club
Warranty Deed
$150,000 · Shore 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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