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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
38 Old Post Rd Madison, CT 06443-2156
Individually Owned
15-yr Hold
Free & Clear
Property ID
US15-0608890
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1996
Construction
FRAME
Total area
3,768 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C
APN
MADI M:44 B:54-1
UPID
US15-0608890
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
-
Madison Avenue Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Old Post Rd 38 · 15 yrs held
Old Post Rd 38
since 2011
7 recorded transactions
Zoning & alternative use
C · Madison, 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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,314
Tax year 2024
Assessed value
$468,800
Assessed 2024
Previous assessed
$468,800
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$171,000
Assessed improvement
$297,800
Applied tax rate
328.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
3,768 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C
APN
MADI M:44 B:54-1
UPID
US15-0608890
Jurisdiction
MADISON
Zoning & alternative use
C · Madison, CT
Zoning C · permitted uses
C · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Old Post Rd 38
Individual
Free & Clear · 15 yrs held
Mailing address
38 OLD POST RD, MADISON, CT 06443-2156
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
38 Old Post Rd LLC
—
Deed
related
$552,000 · 360 FCU
Jul 10, 2023
—
38 Old Post Rd LLC
—
Deed
related
$107,186 · M & T Bank
Jun 12, 2012
—
Old Post Rd 38
—
Deed Of Trust
related
$175,000 · Peoples Bank
Jan 3, 2011
$1
Old Post Rd 38
Palumbo,mark A
Grant Deed
related
—
Jan 3, 2011
—
Old Post Rd 38
—
Deed Of Trust
related
$475,000 · Peoples Bank
Dec 30, 2005
—
Mark A Palumbo
—
Deed Of Trust
related
$475,000 · Citizens Bank Of Ct
Jun 8, 2001
—
Mark A Palumbo
—
Deed Of Trust
related
$33,500 · Worth Funding INC
Dec 15, 1997
—
Mark A Palumbo
—
Deed Of Trust
related
$50,000 · Ljp Assoc LLC
Mar 26, 1996
$125,000
Mark A Palumbo
E&m Realty Corp
Warranty Deed
$500,000 · Wmc Mortgage Corp
Mar 26, 1996
—
Mark A Palumbo
—
Deed Of Trust
related
$25,000 · Zenon Grzybowski
—
—
38 Old Post Rd LLC
—
Deed Of Trust
related
$459,921 · People's United Bk
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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