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Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Showrooms
381 Main St Cromwell, CT 06416
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US15-0171313
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
83,171 SF
Lot
6.33 ac (275,735 SF)
Zoning code
R-15
APN
CROM M:00108600
UPID
US15-0171313
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.19M
Blend (final)
Blend
$7.56M
Owner & transaction history
Cromwell Realty LLC · 11 yrs held
Cromwell Realty LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-15 · Cromwell, 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 Cromwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cromwell 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)
$10,050,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,835,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±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
$91 / 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
$207,937
Tax year 2023
Assessed value
$7,070,280
Assessed 2023
Previous assessed
$7,070,280
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$2,147,530
Assessed improvement
$4,922,750
Applied tax rate
256.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
175
Bathrooms
100
Total area
83,171 SF
Lot
6.33 ac (275,735 SF)
Zoning code
R-15
APN
CROM M:00108600
UPID
US15-0171313
Jurisdiction
CROMWELL
Zoning & alternative use
R-15 · Cromwell, CT
Zoning R-15 · permitted uses
R-15 · Cromwell, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cromwell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
COMMERCIAL (GENERAL) Current
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
175
Bathrooms
100
Lot
6.33 ac
Current owner
From public records · entity-resolved
Cromwell Realty LLC
Entity
Mailing address
4201 US HWY 9TH ST #220, HOWELL, NJ 07731-3308
Ownership since
2015
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
Feb 7, 2022
—
Cromwell Realty LLC
—
Deed
related
$6,560,000 · Capital Fund I LLC
Jan 5, 2015
$11,206,582
Cromwell Realty LLC
Sabra Health Care Ne L
Warranty Deed
$47,048,947 · Capital Lending&mtg G
Aug 5, 2008
$11,427,060
Cse Cromwell Conn LLC
Cromwell Crest Adascent
Grant Deed
—
Aug 15, 2007
—
Waterford Equities LLC
—
Deed Of Trust
related
$8,000,000 · Worth Funding INC
Dec 20, 2004
—
Waterford Equities LLC
—
Deed Of Trust
related
$26,400,000 · Capital Source Mortgage Co INC
Mar 4, 1998
—
Crest Conval Cromwell
—
Deed Of Trust
related
$7,850,000 · Worth Funding INC
May 13, 1997
—
Cromwell Crest Convale
—
Deed Of Trust
related
$4,800,000 · Signet 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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