Financial
Distress signals
Property profile

392 South Main St 6 Colchester, CT 06415

FOR LEASE
Showrooms
Property ID
US15-0117262
7,545 SF 4.1 ac lot Built 1987
Last sale May 2013 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$729k
Assessed land$178k
Assessed improvement$552k
Effective rate2.72%

Value estimate

· Sep 2026
$625k
$563k – $688k
Submarket $/SF estimate$569k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$56/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$30 – $83
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
TC
General categoryUNKNOWN
JurisdictionCOLCHESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.5
Storage Facility9.2
Clothing Store8.8

Location

392 South Main St, Unit 6 Colchester, CT 06415
County assessor Recorded deeds · 2 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
51 Hayward, Colchester, CT 06415-1288 $385,000 Jan 2025 5,470 SF
95 Main, Colchester, CT 06415-2954 $250,000 Jul 2022 5,526 SF
212 Upton, Colchester, CT 06415-2756 $662,500 Jun 2022 5,040 SF
400 Halls Hl, Colchester, CT 06415-1452 $360,000 May 2021 6,000 SF
216 Lebanon, Colchester, CT 06415-1204 $171,000 Jan 2021 5,904 SF
32 Norwich, Colchester, CT 06415-1254 $80,000 May 2020 7,466 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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