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Property profile & analytics
OFF-MARKET
Estimated value
$5,735,000
Showrooms
397 Cromwell Ave Rocky Hill, CT 06067-1827
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0834211
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Construction
STEEL FRAME
Total area
26,236 SF
Lot
2.86 ac (124,582 SF)
Zoning code
C
APN
ROCK M:12 L:156
UPID
US15-0834211
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
-
Leisure time massage Alternative Medicine Practice Spa & Massage Center
-
Bhog Multi-Cuisine Indian Restaurant Restaurant
-
Sushi House Restaurant
-
New China Star Restaurant
-
Domino's Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$5.74M
Owner & transaction history
Marconi Enterprises LLC · 2 yrs held
Marconi Enterprises LLC
since 2023
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
C · Rocky Hill, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+62.8%
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 Rocky Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky Hill 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
$5,610,000
ML approach
$5,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,485,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$5.74M
Range $5.16M – $6.31M · ±10% · vs last sale $7.80M (Dec 1 2023)
Last sale anchor
$7.80M
Dec 1 2023
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
$219 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$147,589
Tax year 2024
Assessed value
$5,059,600
Assessed 2024
Previous assessed
$5,059,600
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$1,364,580
Assessed improvement
$3,695,020
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
26,236 SF
Lot
2.86 ac (124,582 SF)
Zoning code
C
APN
ROCK M:12 L:156
UPID
US15-0834211
Jurisdiction
ROCKY HILL
Zoning & alternative use
C · Rocky Hill, CT
Zoning C · permitted uses
C · Rocky Hill, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.5M
RESTAURANT
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.86 ac
Current owner
From public records · entity-resolved
Marconi Enterprises LLC
Entity
Mailing address
397 CROMWELL AVE, ROCKY HILL, CT 06067-1827
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$7,800,000
Marconi Enterprises LLC
Hillview Plaza Assoc LLC
Warranty Deed
$5,320,000 · Hlview Plz Assoc LLC
Jan 18, 2006
—
Hillview Plaza Assoc LLC
—
Deed Of Trust
related
$3,500,000 · Newalliance Bank
Sep 3, 2004
—
Hillview Plz Assoc
—
Deed Of Trust
related
$500,000 · Wachovia Bank NA
Nov 29, 2000
—
Hillview Plz Assoc LLC
—
Deed Of Trust
related
$43,200 · First Union National Bank
Mar 17, 1998
—
Maria A Dimanno
—
Deed Of Trust
related
$21,605 · Commercial Credit Corp
Oct 31, 1997
—
Hillview Plaza Assoc
—
Deed Of Trust
related
$1,850,000 · First Union National Bank
Mar 16, 1994
—
Hillview Plaza Assoc
—
Deed Of Trust
related
$1,125,000 · Centerbank
Dec 7, 1993
—
Hillview Plaza Assoc
—
Deed Of Trust
related
$300,000 · Robert Fishman Trust
May 19, 1989
$805,000
Prtns Spf
Allessio,john
Grant Deed
$875,000 · Connecticut Bank & Trust
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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