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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Industrial properties
38 New Britain Ave Rocky Hill, CT 06067-1197
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0581208
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1973
Construction
STEEL FRAME
Total area
19,256 SF
Lot
2.18 ac (94,961 SF)
Zoning code
C
APN
ROCK M:12 L:154
UPID
US15-0581208
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
-
Robert J Industries Telecommunications Service
-
A1 Pellet Department Store
-
Kid's Lane Daycare Center
-
Training For Warriors Central Connecticut Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$630k
Owner & transaction history
38 New Britain Ave LLC · 2 yrs held
38 New Britain Ave LLC
since 2024
4 recorded transactions
Zoning & alternative use
C · Rocky Hill, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rocky Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky Hill 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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$33 / 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
$33,532
Tax year 2023
Assessed value
$933,520
Assessed 2023
Previous assessed
$933,520
+0.0% YoY
Effective rate
3.59%
On assessed value
Assessed land
$569,100
Assessed improvement
$364,420
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
19,256 SF
Lot
2.18 ac (94,961 SF)
Zoning code
C
APN
ROCK M:12 L:154
UPID
US15-0581208
Jurisdiction
ROCKY HILL
Zoning & alternative use
C · Rocky Hill, CT
Zoning C · permitted uses
C · Rocky Hill, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
2.18 ac
Current owner
From public records · entity-resolved
38 New Britain Ave LLC
Entity
Mailing address
38 NEW BRITAIN AVE, ROCKY HILL, CT 06067-1197
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2024
$1,240,000
38 New Britain Ave LLC
38 New Britain Ave LLC
Warranty Deed
related
$990,000 · 38 New Britain Ave Ll
May 14, 2007
$1
38 New Britain Avenue LLC
Chester,arthur
Grant Deed
related
—
Nov 22, 1996
$325,000
Arthur R Chester
Ocwen Fsb
Grant Deed
$270,000 · Liberty Bank
Oct 7, 1988
—
Rkalph S Karey
—
Deed Of Trust
related
$550,000 · Farm & Merchant 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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