Individually Owned Property summary
AI-generated overview
This exceptional restaurant leasing opportunity encompasses 10,800 square feet of prime commercial space situated at 383 South Center Street in Windsor Locks, Connecticut, within the Ramada Inn. The property is offered as a single-tenant lease, providing a significant footprint for a restaurant operation. The asking rent is $8.88 per square foot, structured as a Triple Net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. A key advantage is the inclusion of a fully equipped kitchen, eliminating the need for extensive upfront investment in kitchen infrastructure. This allows for immediate occupancy and commencement of operations. The property's location in Windsor Locks, Hartford County, CT, offers convenient access to major transportation routes and a substantial customer base. The address is 383 South Center Street, Windsor Locks, CT 06096. This turnkey restaurant space presents a compelling opportunity for established restaurant businesses or ambitious entrepreneurs seeking a well-equipped and strategically located establishment. The property's size and amenities make it ideal for a variety of restaurant concepts.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Construction
STEEL FRAME
Total area
112,820 SF
Lot
8.98 ac (391,169 SF)
Zoning code
BUS1
APN
WINL M:57 B:127 L:7
UPID
US15-0117825
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel & Motel
-
Hotel & Motel
-
Hotel & Motel
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.44M
Blend (final)
Blend
$6.57M
Owner & transaction history
since 2024
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
BUS1 · Windsor Locks, CT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.57M
Value range
$5.91M – $7.23M
±10% around blend
Estimated value / SF
$58 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$5.91M
blend $6.57M
$7.23M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
112,820 SF
Lot area
8.98 ac
Year built
1971
Stories
2
APN
WINL M:57 B:127 L:7
Zoning
BUS1
Assessed value
$6,580,000
Annual tax
$173,251
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$6.44M
Range $6.06M – $16.62M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 933 sales
$95
-38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $58/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.57M
Move the market yield to see immediate price impact.
Value / SF
$58
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$414k
$8.28M
$5.91M
$4.60M
$460k
$9.20M
$6.57M
$5.11M
$506k
$10.12M
$7.23M
$5.62M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$173,251
Tax year 2023
Assessed value
$6,580,000
Assessed 2023
Previous assessed
$6,580,000
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$822,500
Assessed improvement
$5,757,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
2
Units
165
Total area
112,820 SF
Lot
8.98 ac (391,169 SF)
Zoning code
BUS1
APN
WINL M:57 B:127 L:7
UPID
US15-0117825
Jurisdiction
WINDSOR LOCKS
Zoning & alternative use
BUS1 · Windsor Locks, CTZoning BUS1 · permitted uses
BUS1 · Windsor Locks, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
165
Lot
8.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BUS1
Jurisdiction
Windsor Locks, CT
Recorded code
BUS1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BUS1 in Windsor Locks, CT.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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