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Property profile & analytics
FOR SALE
Residential income homes
387 S Main St Seymour, CT 06483
Entity Owned
2-yr Hold
Property ID
US15-0400689
For Sale
1 / 12
$729,900
387 S Main St, Seymour, CT 06483
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1770
Total area
4,362 SF
Lot
0.89 ac (38,909 SF)
Zoning code
R-18
APN
SEYM M:10-0-6 L:111-A
UPID
US15-0400689
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$388k
Blend (final)
Blend
$595k
Owner & transaction history
387 South Main St LLC · 2 yrs held
387 South Main St LLC
since 2023
Last sale
$590,000
6 recorded transactions
Zoning & alternative use
R-18 · Seymour, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$490,000
+7.6%
Office building
$490,000
+6.9%
Retail stores
$475,000
+3.6%
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 Seymour submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seymour 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
$625,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$455,000
Current use
COMMERCIAL (GENERAL)
$490,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$490,000
Change: +7% · Conversion: Moderate
RETAIL STORES
$475,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$395,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $590k (Sep 29 2023)
Last sale anchor
$590k
Sep 29 2023
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
$136 / 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
$9,027
Tax year 2023
Assessed value
$250,880
Assessed 2023
Previous assessed
$250,880
+0.0% YoY
Effective rate
3.60%
On assessed value
Assessed land
$32,270
Assessed improvement
$218,610
Applied tax rate
309.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1770
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
11
Bathrooms
4
Total area
4,362 SF
Lot
0.89 ac (38,909 SF)
Zoning code
R-18
APN
SEYM M:10-0-6 L:111-A
UPID
US15-0400689
Jurisdiction
SEYMOUR
Zoning & alternative use
R-18 · Seymour, CT
Zoning R-18 · permitted uses
R-18 · Seymour, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seymour. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$455,000
COMMERCIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING
Est. value
$490,000
RETAIL STORES
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1770
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
11
Bathrooms
4
Lot
0.89 ac
Current owner
From public records · entity-resolved
387 South Main St LLC
Entity
Mailing address
387 S MAIN ST SEYMOUR
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
387 South Main St LLC
Omar S Rivera
Quit Claim Deed
related
—
Jul 19, 2023
$590,000
Omar S Rivera
Biagio R Alberti
Warranty Deed
$431,250 · First World Mortgage Corporation
Mar 22, 2004
—
Biagio R Alberti
—
Deed Of Trust
related
$189,700 · Ctx Mortgage Co
Aug 1, 2003
—
Biagio Alberti
—
Deed Of Trust
related
$189,700 · Ctx Mortgage Co
Dec 1, 1992
—
Biagio Alberti
—
Deed Of Trust
related
$82,500 · Norwest Mortgage INC
Aug 30, 1989
—
Group Ebh
—
Deed Of Trust
related
$244,000 · Zuckerman Family Nomi
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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