Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Industrial properties
38 Kripes Rd East Granby, CT 06026-9645
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0233628
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2011
Construction
STEEL FRAME
Total area
14,960 SF
Lot
14.01 ac (610,276 SF)
Zoning code
CP
APN
EGRA M:17 B:19
UPID
US15-0233628
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
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.73M
Owner & transaction history
Kripes Rd Prop Owner LLC · 2 yrs held
Kripes Rd Prop Owner LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
CP · East Granby, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+146.7%
Retail stores
$1.7M
+66.1%
Office building
$1.7M
+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 East Granby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Granby 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
$1,695,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,560,000
Change: +147% · Conversion: Difficult
RETAIL STORES
$1,720,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$1,650,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,500,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,415,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,375,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.75M (Dec 19 2023)
Last sale anchor
$1.75M
Dec 19 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
$116 / 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
$29,639
Tax year 2024
Assessed value
$994,600
Assessed 2024
Previous assessed
$994,600
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$331,700
Assessed improvement
$662,900
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
14,960 SF
Lot
14.01 ac (610,276 SF)
Zoning code
CP
APN
EGRA M:17 B:19
UPID
US15-0233628
Jurisdiction
EAST GRANBY
Zoning & alternative use
CP · East Granby, CT
Zoning CP · permitted uses
CP · East Granby, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Granby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
14.01 ac
Current owner
From public records · entity-resolved
Kripes Rd Prop Owner LLC
Entity
Mailing address
38 KRIPES RD, EAST GRANBY, CT 06026-9645
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$1,750,000
Kripes Rd Prop Owner LLC
Ross Real Estate LLC
Warranty Deed
$2,010,000 · Nbt Bank National Association
Feb 27, 2012
—
Sb Connecticut Holdings
—
Deed Of Trust
related
$996,000 · New England Mortgage Corp
Aug 5, 2011
$986,000
Sb Connecticut Hldgs L
John S Barberino
Warranty Deed
$1,215,000 · Td Bank NA
Apr 5, 2001
—
John Barberino
—
Deed Of Trust
related
$300,000 · Larry Stripling
Dec 18, 1997
—
John Barberino
—
Deed Of Trust
related
$110,000 · Richard Gray
Nov 7, 1997
$207,500
John Barberino
Aeroplex Assoc
Warranty Deed
—
Aug 30, 1988
$745,000
Aeroplex Assoc
Haggan,isabel
Grant Deed
$850,000 · Citytrust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 38 Kripes Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
