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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Investment properties
39 Buckland St Manchester, CT 06042-7700
Individually Owned
28-yr Hold
Property ID
US15-0695056
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1997
Total area
20,384 SF
Lot
40 ac (1,742,400 SF)
Zoning code
PRD
APN
MANC M:42 B:800 L:39
UPID
US15-0695056
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
-
Aspen Woods Apartment Complex Apartment Building
-
Building 6 Apartment Building
-
Sheila A. Bridges-Howard, LCSW Physician
-
Nigeria foods market African Goods Store
-
GustoDaddy Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$2.32M
Owner & transaction history
Developers Manchester · 28 yrs held
Developers Manchester
since 1997
6 recorded transactions
Zoning & alternative use
PRD · Manchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+90.5%
Retail stores
$2.3M
+28.2%
Office building
$2.2M
+22.8%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,830,000
Current use
RESTAURANT
$3,485,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$2,345,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$2,245,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,045,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,930,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$114 / 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
$1,329,290
Tax year 2023
Assessed value
$35,733,600
Assessed 2023
Previous assessed
$35,733,600
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$5,040,000
Assessed improvement
$30,693,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Buildings
9
Units
16
Total area
20,384 SF
Lot
40 ac (1,742,400 SF)
Zoning code
PRD
APN
MANC M:42 B:800 L:39
UPID
US15-0695056
Jurisdiction
MANCHESTER
Zoning & alternative use
PRD · Manchester, CT
Zoning PRD · permitted uses
PRD · Manchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Buildings
9
Units
16
Lot
40 ac
Current owner
From public records · entity-resolved
Developers Manchester
Individual
Mailing address
820 MORRIS TPKE, SHORT HILLS, NJ 07078-2624
Ownership since
1997
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
Jan 28, 2025
—
Hamden Developers LLC
—
Deed
related
$105,000,000 · New York Life Ins Co
Oct 26, 2023
—
Manchester Developers LLC
—
Deed
related
$45,000,000 · Goldman Sachs Bank USA
Oct 31, 2012
—
Manchester Developers LLC
—
Deed Of Trust
related
$25,000,000 · Principal Mutual Life Ins
Sep 30, 1997
$1,037,000
Developers Manchester
Brentwwood Manchester
Grant Deed
related
—
Mar 24, 1997
$125,000
Manchester Dev LLC
Brentwood Manchester
Warranty Deed
related
—
Apr 7, 1992
—
Brentwood Manch Assoc
—
Deed Of Trust
related
$706,000 · Society For Savings
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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