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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office Spaces
37 Webster Sq Rd Berlin, CT 06037-2326
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-1001952
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Construction
FRAME
Total area
6,171 SF
Zoning code
CCD-2
APN
BERL M:10-3 B:83A L:9 U:1
UPID
US15-1001952
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$670k
Owner & transaction history
E & Z Realty-llc · 1 yrs held
E & Z Realty-llc
since 2025
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
CCD-2 · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+55.2%
Retail stores
$710,000
+4.4%
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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$645,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$680,000
Current use
RESTAURANT
$1,055,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$710,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$620,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $725k (Apr 1 2025)
Last sale anchor
$725k
Apr 1 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
$109 / 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
$7,434
Tax year 2023
Assessed value
$251,500
Assessed 2023
Previous assessed
$251,500
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed improvement
$251,500
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
3
Total area
6,171 SF
Zoning code
CCD-2
APN
BERL M:10-3 B:83A L:9 U:1
UPID
US15-1001952
Jurisdiction
BERLIN
Zoning & alternative use
CCD-2 · Berlin, CT
Zoning CCD-2 · permitted uses
CCD-2 · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$680,000
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
3
Current owner
From public records · entity-resolved
E & Z Realty-llc
Entity
Mailing address
PO BOX 54, MONTGOMERY, NY 12549-0054
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$725,000
E & Z Realty-llc
Lafayette Investments-llc
Warranty Deed
$325,000 · Lafayette Invs LLC
Jan 12, 2021
—
Lafayette Investments LLC
—
Deed
related
$280,000 · Thomaston Savings Bank
Jan 19, 2016
—
Lafayette Investments LLC
37-41 Webster Sq Rd LLC
Quit Claim Deed
related
$330,000 · Webster Bk NA
Jan 22, 2009
$1
37-41 Webster Sq Rd LLC
Commerce Court Rlty LLC
Grant Deed
related
—
Mar 7, 2002
$305,000
Commerce Crt Rlty LLC
Berlin Webster Mill Pr
Warranty Deed
$240,000 · Bancnorth Mortgage Co
Mar 1, 1991
—
Webster Mill Berlin
—
Deed Of Trust
related
$1,653,000 · Burritt Intrafinancial Banc
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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