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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Industrial properties
360 Captain Lewis Dr Southington, CT 06489-1193
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1042945
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
9,180 SF
Lot
1.64 ac (71,438 SF)
Zoning code
I-1
APN
SOUT M:203 L:003
UPID
US15-1042945
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
-
Select Mechanical Service Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
360 Captain Lewis Rlty · 3 yrs held
360 Captain Lewis Rlty
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
I-1 · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+146.7%
Retail stores
$1.1M
+66.1%
Office building
$1.0M
+59.0%
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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$1,605,000
ML approach
$1,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,570,000
Change: +147% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$1,010,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.60M (Nov 10 2022)
Last sale anchor
$1.60M
Nov 10 2022
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
$172 / 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
$16,129
Tax year 2023
Assessed value
$531,270
Assessed 2023
Previous assessed
$531,270
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$68,870
Assessed improvement
$462,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
2
Stories
1
Units
1
Total area
9,180 SF
Lot
1.64 ac (71,438 SF)
Zoning code
I-1
APN
SOUT M:203 L:003
UPID
US15-1042945
Jurisdiction
SOUTHINGTON
Zoning & alternative use
I-1 · Southington, CT
Zoning I-1 · permitted uses
I-1 · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
2008
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
2
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
360 Captain Lewis Rlty
Individual
Mailing address
360 CAPTAIN LEWIS DR, SOUTHINGTON, CT 06489-1193
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
360 Captain Lewis Rlty
—
Deed
related
$704,000 · Community Investment Corp
Nov 10, 2022
$1,600,000
360 Captain Lewis Rlty
Leone Realty And Dev LLC
Warranty Deed
$1,543,500 · Webster Bank
Nov 10, 2022
—
360 Captain Lewis Rlty
—
Deed
related
$100,000 · Webster Bank
Jun 1, 2022
—
Leone Realty&dev LLC
—
Deed
related
$200,000 · Liberty Bank
Mar 31, 2021
—
Leone Rlty&dev LLC
—
Deed
related
$770,000 · Thomaston Savings Bank
Jul 14, 2017
—
Leone Realty&dev LLC
—
Deed
related
$730,000 · Thomaston Savings Bank
Jun 30, 2016
—
Leone Realty&dev LLC
—
Deed
related
$150,000 · Thomaston Savings Bank
May 28, 2013
—
Leone Realty&dev LLC
—
Deed Of Trust
related
$840,000 · Thomaston 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.
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