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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Showrooms
392 Main St Colchester, CT 06415-1497
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US15-0117262
Property summary
AI-generated overview
This 864-square-foot retail space at 392 S. Main St., Unit 7, Colchester, CT 06415, presents a fantastic opportunity for businesses seeking a prime location. Built in 1987, this single-tenant unit offers a spacious open area ideal for retail displays or classroom setup, a private back office for administrative tasks, a convenient bathroom, and a welcoming entry lobby/office area. Its location on a busy Main Street provides excellent visibility and accessibility, with easy access to Route 2. The property boasts ample parking with 10 spaces available. Utilities are shared responsibly
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,545 SF
Lot
4.1 ac (178,596 SF)
Zoning code
TC
APN
COLC M:013 B:000 L:005-001
UPID
US15-0117262
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
-
Dutch Associates Land Surveyor Contractor
-
Alchemy Studio LLC Hair Salon
-
Merciful Saviour Gift Shop Religious Bookstore
-
Ted Gasparino: Allstate Insurance Insurance Agency
-
Sandra Lindstrom, Carl Guild & Associates Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$625k
Owner & transaction history
4b Props LLC · 13 yrs held
4b Props LLC
since 2013
2 recorded transactions
Zoning & alternative use
TC · Colchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+145.9%
Retail stores
$840,000
+99.7%
Apartment house (5+ units)
$640,000
+51.9%
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 Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester 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)
$420,000
Current use
OFFICE BUILDING
$1,035,000
Change: +146% · Conversion: Easy
RETAIL STORES
$840,000
Change: +100% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$640,000
Change: +52% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$460,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$83 / 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
$19,846
Tax year 2023
Assessed value
$729,100
Assessed 2023
Previous assessed
$729,100
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$177,600
Assessed improvement
$551,500
Applied tax rate
380.0000
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
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
9
Total area
7,545 SF
Lot
4.1 ac (178,596 SF)
Zoning code
TC
APN
COLC M:013 B:000 L:005-001
UPID
US15-0117262
Jurisdiction
COLCHESTER
Zoning & alternative use
TC · Colchester, CT
Zoning TC · permitted uses
TC · Colchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$420,000
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$640,000
INDUSTRIAL (GENERAL)
Est. value
$460,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
9
Lot
4.1 ac
Current owner
From public records · entity-resolved
4b Props LLC
Entity
Mailing address
52 GRISWOLD LN, AMSTON, CT 06231-1350
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2013
$900,000
4b Props LLC
Fedus Family LLC
Warranty Deed
$600,000 · Fedus Family LLC
Jan 5, 2012
—
Colchester Town Of
Carvalho Brothers Realty
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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