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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Warehouses
389 Marion Ave, Plantsville, CT 06479-1403
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US15-0745469
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1947
Construction
FRAME
Total area
57,621 SF
Lot
12.35 ac (537,966 SF)
Zoning code
I-1
APN
SOUT M:062 L:034
UPID
US15-0745469
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
-
A & A Surplus Material Handling Equipment Supplier
-
A&A Surplus Inc. Material Handling Equipment Supplier
-
CT Warehouse Racks Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.35M
Owner & transaction history
Marion Ave Assoc LLC · 21 yrs held
Marion Ave Assoc LLC
since 2004
7 recorded transactions
Zoning & alternative use
I-1 · Plantsville, 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 Plantsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantsville 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
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$23 / 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
$21,459
Tax year 2023
Assessed value
$706,820
Assessed 2023
Previous assessed
$706,820
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$318,690
Assessed improvement
$388,130
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
57,621 SF
Lot
12.35 ac (537,966 SF)
Zoning code
I-1
APN
SOUT M:062 L:034
UPID
US15-0745469
Jurisdiction
SOUTHINGTON
Zoning & alternative use
I-1 · Plantsville, CT
Zoning I-1 · permitted uses
I-1 · Plantsville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plantsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
12.35 ac
Current owner
From public records · entity-resolved
Marion Ave Assoc LLC
Entity
Mailing address
389 MARION AVE, PLANTSVILLE, CT 06479-1403
Ownership since
2004
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
Jan 26, 2024
—
Lovley Development INC
—
Deed
related
$1,568,000 · Ion Bank
Jun 28, 2021
—
Marion Ave Associates LLC
—
Deed
related
$250,000 · Webster Bank
Feb 23, 2017
—
Marion Avenue Assoc Ll
—
Deed
related
$500,000 · Webster Bank
Dec 10, 2012
—
Larry Brownstein
—
Deed Of Trust
related
$300,000 · Webster Bank
Sep 28, 2012
—
Larry Brownstein
—
Deed Of Trust
related
$500,000 · Webster Bank
Jul 16, 2004
$650,000
Marion Ave Assoc LLC
Plantsville Acquisitn LLC
Grant Deed
$520,000 · Webster Bank
Jul 16, 2004
—
Marion Ave Assoc LLC
—
Deed Of Trust
related
$360,000 · Webster 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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