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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Day care centers
395 Willard Ave Newington, CT 06111-2341
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0883812
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2020
Total area
10,050 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CD
APN
NEWI M:9 B:303 L:11
UPID
US15-0883812
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
-
The Learning Experience - Newington Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$620k
Owner & transaction history
395 Willard Ave Newington · 4 yrs held
395 Willard Ave Newington
since 2021
6 recorded transactions
Zoning & alternative use
CD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Section 3.23 Accessory Buildings and Uses Permitted in Business, Industrial and PD, CD and PL Zones 3.23.1 Accessory Outside Use Standards A. Supplies, materials, products and equipment which are incidental and subordinate to the principal use of the lot may be stored outside on the same lot but shall not be located in front of the principal building nor be…
Zone name
Commercial Development
General category
COMMERCIAL
Zone area
46.94 ac
Top alternative use upside
Commercial (general)
$865,000
+43.5%
Auto repair, garage
$790,000
+30.8%
Apartment house (5+ units)
$750,000
+24.8%
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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$600,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$790,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$750,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$630,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$62 / 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
$37,244
Tax year 2023
Assessed value
$970,910
Assessed 2023
Previous assessed
$970,910
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$347,440
Assessed improvement
$623,470
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
10,050 SF
Lot
2.03 ac (88,427 SF)
Zoning code
CD
APN
NEWI M:9 B:303 L:11
UPID
US15-0883812
Jurisdiction
NEWINGTON
Zoning & alternative use
CD · Newington, CTZoning CD · permitted uses
CD · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Section 3.23 Accessory Buildings and Uses Permitted in Business, Industrial and PD, CD and PL Zones 3.23.1 Accessory Outside Use Standards A. Supplies, materials, products and equipment which are incidental and subordinate to the principal use of the lot may be stored outside on the same lot but shall not be located in front of the principal building nor be placed on rack shelving higher than 12 feet. B. Products and equipment intended for sale may be displayed in front of the principal building when approved by the Commission, but not in the required front yard setback area. C. This display of this equipment and products shall not obstruct pedestrian walks or fire lanes. (Effective 12/01/2001) 3.23.2 Accessory Building Accessory buildings shall conform to the requirements of Section 4 and for the zone in which the building is located. Accessory buildings shall not be located in front of the principal building and shall only be located to the rear of or side of the principal building. (Effective 12-01-01) 3.23.3 Standards A. Accessory buildings are permitted only when there is a principal building on the same lot.
Zone name
Commercial Development
General category
COMMERCIAL
Zone area
46.94 ac
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$750,000
MEDICAL BUILDING
Est. value
$715,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2020
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
395 Willard Ave Newington
Individual
Mailing address
570 PIERMONT RD #120, CLOSTER, NJ 07624-3100
Ownership since
2021
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
Sep 22, 2021
—
395 Willard Ave Newington
Colchester Properties LLC
Warranty Deed
$3,300,000 · Peoplesbank (holyoke Ma)
Dec 23, 2019
—
Colchester Props LLC
395 Willard LLC
Quit Claim Deed
related
—
Dec 23, 2019
$600,000
Colchester Props LLC
395 Willard LLC
Warranty Deed
$3,300,000 · Peoplesbank (holyoke Ma)
May 18, 2017
$457,000
365 Willard LLC
Family Adult Day Care LLC
Warranty Deed
—
Nov 29, 2011
—
Family Adult Day Care LLC
—
Deed Of Trust
related
$59,904 · Milton Lewis Howard Assoc INC
Jun 11, 2009
$300,000
Family Adult Day Care LLC
Rotundo Dev LLC
Grant 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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