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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
394 Lk Rd Killingly, CT 06241-1511
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US15-0958094
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
FRAME
Total area
6,546 SF
Lot
5.96 ac (259,618 SF)
Zoning code
LI
APN
KILL M:62 B:33 L:2
UPID
US15-0958094
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
-
Byrnes Agency Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Jayball LLC · 20 yrs held
Jayball LLC
since 2006
1 recorded transaction
Zoning & alternative use
LI · Killingly, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to encourage the establishment of certain small manufacturing activities, office and administrative headquarters, research organizations, and similar uses which are less demanding in terms of site requirements than those uses normally found in the industrial district
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
47.80 ac
Source
Realmo
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 Killingly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Killingly 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$14,331
Tax year 2023
Assessed value
$500,220
Assessed 2023
Previous assessed
$500,220
+0.0% YoY
Effective rate
2.86%
On assessed value
Assessed land
$108,080
Assessed improvement
$392,140
Applied tax rate
500.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
6,546 SF
Lot
5.96 ac (259,618 SF)
Zoning code
LI
APN
KILL M:62 B:33 L:2
UPID
US15-0958094
Jurisdiction
KILLINGLY
Zoning & alternative use
LI · Killingly, CTZoning LI · permitted uses
LI · Killingly, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to encourage the establishment of certain small manufacturing activities, office and administrative headquarters, research organizations, and similar uses which are less demanding in terms of site requirements than those uses normally found in the industrial district
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
47.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
5.96 ac
Current owner
From public records · entity-resolved
Jayball LLC
Entity
Mailing address
PO BOX 739, KILLINGLY, CT 06241-0739
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2006
—
Jayball LLC
—
Deed Of Trust
related
$807,000 · Commonwealth National 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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