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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
394 Ee St Plainville, CT 06062-3238
Individually Owned
6-yr Hold
Free & Clear
Property ID
US15-0237502
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
FRAME
Total area
9,000 SF
Lot
1.27 ac (55,321 SF)
Zoning code
GC
APN
PLAI M:42 B:E L:02
UPID
US15-0237502
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
-
Cintas Fire Protection General Contractor Security Service
-
Cintas Document Management Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$825k
Owner & transaction history
Props Nosal & E · 6 yrs held
Props Nosal & E
since 2020
Last sale
$820,000
5 recorded transactions
Zoning & alternative use
GC · Plainville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Commercial
General category
COMMERCIAL
Zone area
426.85 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.0M
+4.4%
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 Plainville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plainville 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
$845,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$990,000
Current use
RETAIL STORES
$1,035,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$905,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$825,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $820k (Mar 31 2020)
Last sale anchor
$820k
Mar 31 2020
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
$92 / 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
$16,174
Tax year 2023
Assessed value
$514,780
Assessed 2023
Previous assessed
$514,780
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$300,790
Assessed improvement
$213,990
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Units
1
Total area
9,000 SF
Lot
1.27 ac (55,321 SF)
Zoning code
GC
APN
PLAI M:42 B:E L:02
UPID
US15-0237502
Jurisdiction
PLAINVILLE
Zoning & alternative use
GC · Plainville, CTZoning GC · permitted uses
GC · Plainville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Commercial
General category
COMMERCIAL
Zone area
426.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$990,000
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$825,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Units
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Props Nosal & E
Individual
Free & Clear · 6 yrs held
Mailing address
85 FIELDSTONE CT #1, CHESHIRE, CT 06410-1213
Ownership since
2020
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
Mar 31, 2020
$820,000
Props Nosal & E
Obc Advisors LLC
Warranty Deed
—
Mar 14, 2007
$1
Obc Advisors LLC
Wells,jeffrey
Grant Deed
related
—
Jun 18, 2002
—
Jeffrey Wells
—
Deed Of Trust
related
$700,000 · Farmington Savings Bank
Sep 4, 2001
$210,000
Jeffrey Wells
Stpierre,roger L
Warranty Deed
—
Sep 30, 1993
—
Roger L Pierre
—
Deed Of Trust
related
$90,000 · Peoples Bank New Britan
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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