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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Car washes
373 Talcottville Rd, Vernon, CT 06066-4016
Entity Owned
2-yr Hold
Free & Clear
Property ID
US15-0889713
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1965
Construction
STEEL FRAME
Total area
7,806 SF
Lot
1.42 ac (61,855 SF)
Zoning code
COMMER
APN
VERN M:04 B:0004 L:0005A
UPID
US15-0889713
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
-
Mr Sparkle Car Wash Car Wash
-
Deluxe Cloth Wash Car Wash
-
Touchless Automatic Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Expct LLC · 2 yrs held
Expct LLC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
COMMER · Vernon, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$960,000
+43.1%
Office building
$785,000
+16.8%
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
$1,185,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$960,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.21M (Dec 21 2023)
Last sale anchor
$1.21M
Dec 21 2023
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
$156 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$20,001
Tax year 2024
Assessed value
$569,990
Assessed 2024
Previous assessed
$569,990
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$198,800
Assessed improvement
$371,190
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Rooms
10
Bathrooms
1
Total area
7,806 SF
Lot
1.42 ac (61,855 SF)
Zoning code
COMMER
APN
VERN M:04 B:0004 L:0005A
UPID
US15-0889713
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
$960,000
OFFICE BUILDING
Est. value
$785,000
RESTAURANT
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
1965
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Rooms
10
Bathrooms
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Expct LLC
Entity
Free & Clear · 2 yrs held
Mailing address
373 TALCOTTVILLE RD STE, VERNON, CT 06066-4016
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
—
Expct LLC
Expct LLC
Quit Claim Deed
related
—
Jul 17, 2020
$1,213,469
Expct LLC
Jtf Properties LLC
Warranty Deed
$9,448,000 · Peoples United Bank
Jan 16, 1997
—
John Ferruolo
—
Deed Of Trust
related
$400,000 · Savings Bank Of Manchester
Oct 12, 1993
—
Car Wash Newington
—
Deed Of Trust
related
$667,500 · Savings Bank Of Manchester
Feb 4, 1991
—
John Ferruolo
—
Deed Of Trust
related
$290,000 · United Bank & Trust Co
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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