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Property profile & analytics
OFF-MARKET
Estimated value
$3,860,000
Medical Office Space
375 Willard Ave Newington, CT 06111-2300
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0421600
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
FRAME
Total area
29,920 SF
Lot
3.06 ac (133,294 SF)
Zoning code
CD
APN
NEWI M:9 B:304 L:21
UPID
US15-0421600
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
-
Kenneth Fink, DMD Dental Office
-
Starling Physicians Newington Pediatrics Medical Clinic
-
Starling Physicians: Maryanna Polukhin, MD Medical Clinic
-
Starling Physicians: Carmen Stelea, MD Physician
-
Dr. Kirsten Kerrigan, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$3.86M
Owner & transaction history
POSITIVELY PESACH LLC
POSITIVELY PESACH LLC
Zoning & alternative use
CD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 3.23 Accessory Buildings and Uses Permitted in Business, Industrial and PD, CD and PL Zones 3.23.1 Accessory Outside Use Standards A. Supplies, materials, products and equipment which are incidental and subordinate to the principal use of the lot may be stored outside on the same lot but shall not be located in front of the principal building nor be…
Zone name
Commercial Development
General category
COMMERCIAL
Zone area
46.94 ac
Top alternative use upside
Restaurant
$4.0M
+87.5%
Office building
$3.7M
+73.7%
Commercial (general)
$2.6M
+20.7%
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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
RESTAURANT
$4,000,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$3,705,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,575,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,345,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.86M
Range $3.47M – $4.25M · ±10%
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
$129 / 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
$179,321
Tax year 2023
Assessed value
$4,674,700
Assessed 2023
Previous assessed
$4,674,700
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$379,890
Assessed improvement
$4,294,810
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
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
29,920 SF
Lot
3.06 ac (133,294 SF)
Zoning code
CD
APN
NEWI M:9 B:304 L:21
UPID
US15-0421600
Jurisdiction
NEWINGTON
Zoning & alternative use
CD · Newington, CTZoning CD · permitted uses
CD · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 3.23 Accessory Buildings and Uses Permitted in Business, Industrial and PD, CD and PL Zones 3.23.1 Accessory Outside Use Standards A. Supplies, materials, products and equipment which are incidental and subordinate to the principal use of the lot may be stored outside on the same lot but shall not be located in front of the principal building nor be placed on rack shelving higher than 12 feet. B. Products and equipment intended for sale may be displayed in front of the principal building when approved by the Commission, but not in the required front yard setback area. C. This display of this equipment and products shall not obstruct pedestrian walks or fire lanes. (Effective 12/01/2001) 3.23.2 Accessory Building Accessory buildings shall conform to the requirements of Section 4 and for the zone in which the building is located. Accessory buildings shall not be located in front of the principal building and shall only be located to the rear of or side of the principal building. (Effective 12-01-01) 3.23.3 Standards A. Accessory buildings are permitted only when there is a principal building on the same lot.
Zone name
Commercial Development
General category
COMMERCIAL
Zone area
46.94 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
POSITIVELY PESACH LLC
Entity
Free & Clear · 0 yrs held
Mailing address
433 S MAIN ST STE #328, WEST HARTFORD, CT 06110-2812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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