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Property profile & analytics
FOR SALE
Showrooms
388 Main St Monroe, CT 06468
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-1250942
For Sale
1 / 10
$1,300,000
388 Main St, Monroe, CT 06468
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Construction
FRAME
Total area
8,356 SF
Lot
0.62 ac (27,007 SF)
Zoning code
B1
APN
MONR M:035 B:007 L:00
UPID
US15-1250942
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
-
Joseph P Ziehl Law Offices Law Firm
-
Value Four Big Box & Wholesale Store Food Market
-
Knepler Driving Schools Training Center Vocational School
-
Allikai Spa Medical Clinic Skin Care Clinic
-
Team Four Foodservice Big Box & Wholesale Store Food Market
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
388 Main Monroe LLC · 3 yrs held
388 Main Monroe LLC
since 2022
5 recorded transactions
Zoning & alternative use
B1 · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,337
Tax year 2023
Assessed value
$461,700
Assessed 2023
Previous assessed
$461,700
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$183,600
Assessed improvement
$278,100
Applied tax rate
126.0000
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
For Sale
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
11
Total area
8,356 SF
Lot
0.62 ac (27,007 SF)
Zoning code
B1
APN
MONR M:035 B:007 L:00
UPID
US15-1250942
Jurisdiction
MONROE
Zoning & alternative use
B1 · Monroe, CT
Zoning B1 · permitted uses
B1 · Monroe, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
11
Lot
0.62 ac
Current owner
From public records · entity-resolved
388 Main Monroe LLC
Entity
Free & Clear · 3 yrs held
Mailing address
388 MAIN ST, MONROE, CT 06468-1150
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
388 Main Monroe LLC
388 Office Park LLC
Warranty Deed
—
Apr 30, 1998
$440,000
388 Main St Assoc LLC
Antonico,joseph H
Grant Deed
$320,000 · New England Bank & Trust
Dec 22, 1992
$500,000
Joseph Antonico
Gtt Corp
Grant Deed
$125,000 · Connecticut National Bank
Dec 22, 1992
—
Joseph Antonico
—
Deed Of Trust
related
$225,000 · Ct Natl Bk
Sep 19, 1988
—
Jay Keillor
—
Deed Of Trust
related
$571,917 · Ct Natl 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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