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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Showrooms
38 Elizabeth St Kent, CT 06757-1325
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0956454
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
7,420 SF
Lot
0.91 ac (39,640 SF)
APN
KENT M:0019 B:0013 L:21
UPID
US15-0956454
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
-
Morning Star Retirement Home Retirement Community Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$615k
Owner & transaction history
Morning Star Re LLC · 18 yrs held
Morning Star Re LLC
since 2007
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+5.5%
Apartment house (5+ units)
$925,000
+0.3%
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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
COMMERCIAL (GENERAL)
$920,000
Current use
RESTAURANT
$970,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: +0% · Conversion: Moderate
OFFICE BUILDING
$865,000
Change: -6% · Conversion: Easy
RETAIL STORES
$845,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$83 / 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
$9,146
Tax year 2023
Assessed value
$487,500
Assessed 2023
Previous assessed
$487,500
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$67,500
Assessed improvement
$420,000
Applied tax rate
216.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
18
Rooms
21
Bathrooms
8
Total area
7,420 SF
Lot
0.91 ac (39,640 SF)
APN
KENT M:0019 B:0013 L:21
UPID
US15-0956454
Jurisdiction
KENT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$920,000
RESTAURANT
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
OFFICE BUILDING
Est. value
$865,000
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
18
Rooms
21
Bathrooms
8
Lot
0.91 ac
Current owner
From public records · entity-resolved
Morning Star Re LLC
Entity
Mailing address
57 BRK RD, VALLEY STREAM, NY 11581-2419
Ownership since
2007
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 12, 2011
—
Morning Star Re LLC
—
Deed Of Trust
related
$50,000 · Webster Bank
Aug 31, 2007
—
Morning Star Re LLC
—
Deed Of Trust
related
$280,000 · Ct Comunity Inv
Aug 6, 2007
$879,000
Morning Star Re LLC
Anderson,marjorie J
Warranty Deed
$450,000 · Ncb Savings Bank
Aug 6, 2007
—
Morning Star Re LLC
—
Deed Of Trust
related
$270,000 · Ncb Savings Bank
Aug 1, 1988
$570,000
Marjorie J Anderson
Oskwarek,stanley J
Grant Deed
$427,500 · New Milford 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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