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Property profile & analytics
OFF-MARKET
Estimated value
$6,570,000
Commercial real estate
383 Ctr St, Windsor Locks, CT 06096-2828
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0117825
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Good Nights Inn & Suites Hotel & Motel
-
Ramada by Wyndham Windsor Locks Hotel & Motel
-
Travelodge by Wyndham Windsor Locks Hotel & Motel
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
Khushi Hospitality Grp Ll · 2 yrs held
Khushi Hospitality Grp Ll
since 2024
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
BUS1 · Windsor Locks, 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 Windsor Locks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Windsor Locks 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
$6,570,000
ML approach
$6,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,660,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,370,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$6.57M
Range $5.91M – $7.23M · ±10% · vs last sale $6.57M (May 6 2024)
Last sale anchor
$6.57M
May 6 2024
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
$58 / 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
$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
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
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, CT
Zoning BUS1 · permitted uses
BUS1 · Windsor Locks, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Windsor Locks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
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
1971
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
165
Lot
8.98 ac
Current owner
From public records · entity-resolved
Khushi Hospitality Grp Ll
Individual
Mailing address
383 S CTR ST WINDSOR LOCKS, LOCKS
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2024
$6,571,000
Khushi Hospitality Grp Ll
40-50 Airport Rd LLC
Quit Claim Arm's Length For Ne States
—
Jun 7, 2019
—
383 S Ctr St LLC
770 Inn & Suites LLC
Warranty Deed
$1,500,000 · Other Institutional Lenders
Feb 8, 2019
$1,750,000
770 Inn & Suites LLC
Praas Wl LLC
Warranty Deed
$1,375,000 · A&s Capital LLC
Aug 8, 2016
$600,000
Wl Praas LLC
Mcc Bradley LLC
Warranty Deed
$1,370,000 · First Republic Bank
Sep 28, 2012
$1
Mcc Bradley LLC
Mcc Funding LLC
Grant Deed
related
—
Sep 28, 2012
—
Mcc Funding LLC
Beverly Hills Suites LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 3, 2012
$1
Mcc Bradley LLC
Mcc Funding LLC
Grant Deed
related
—
Nov 23, 2011
—
Mcc Funding LLC
Beverly Hills Suites LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 3, 2009
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$3,700,000 · Worth Funding INC
May 11, 2007
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$1,300,000 · Robert Rimberg
Aug 16, 2006
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$3,320,000 · Windsor Locks Ent LLC
Nov 30, 2005
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$350,000 · Northern Source LLC
Nov 14, 2005
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$350,000 · Orthern Funding
Apr 5, 2005
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$500,000 · Orthern Funding
Feb 18, 2005
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$900,000 · Orthern Funding
Feb 8, 2005
—
Beverly Hills Suites LLC
—
Deed Of Trust
related
$300,000 · Worth Funding INC
May 28, 2004
$2,650,000
Beverly Hills Suites LLC
Oneil,john
Grant Deed
$1,300,000 · Worth Funding INC
Jul 24, 1998
—
Naeem Butt
—
Deed Of Trust
related
$31,581 · Conn Light & Power
Apr 7, 1997
—
Naeem Butt
—
Deed Of Trust
related
$1,311,000 · Tms Mortgage
Aug 7, 1996
$600,000
Naeem Butt
Jdj Assoc
Warranty Deed
—
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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