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Property profile & analytics
FOR LEASE
Industrial properties
4 National Dr Windsor Locks, CT 06096
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0705201
For Lease
1 / 2
$12 SF/Yr
4 National Dr, Windsor Locks, CT 06096
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1988
Construction
STEEL FRAME
Total area
9,436 SF
Lot
1.07 ac (46,609 SF)
Zoning code
BUS1
APN
WINL M:32 B:66 L:23
UPID
US15-0705201
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
-
Subway Take-out & Catering Catering Service
-
Speedy Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.68M
Owner & transaction history
Expct LLC · 5 yrs held
Expct LLC
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
BUS1 · Windsor Locks, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+80.9%
Industrial (general)
$1.1M
+25.1%
Retail stores
$1.1M
+21.8%
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 Windsor Locks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Windsor Locks 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
$1,715,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,615,000
Change: +81% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,115,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$1,085,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$1,040,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.66M (Dec 22 2020)
Last sale anchor
$1.66M
Dec 22 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
$178 / 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
$33,167
Tax year 2023
Assessed value
$1,259,650
Assessed 2023
Previous assessed
$1,259,650
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$365,090
Assessed improvement
$894,560
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Total area
9,436 SF
Lot
1.07 ac (46,609 SF)
Zoning code
BUS1
APN
WINL M:32 B:66 L:23
UPID
US15-0705201
Jurisdiction
WINDSOR LOCKS
Zoning & alternative use
BUS1 · Windsor Locks, CT
Zoning BUS1 · permitted uses
BUS1 · Windsor Locks, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Windsor Locks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Lot
1.07 ac
Current owner
From public records · entity-resolved
Expct LLC
Entity
Mailing address
8 2ND MILE RD, FARMINGTON, CT 06032-2559
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
$1,660,000
Expct LLC
Hickory North Prop LLC
Warranty Deed
$1,360,000 · Peoples United Bank
Apr 2, 2007
—
High Line Lube LLC
—
Deed Of Trust
related
$4,403,635 · Peoples Bank
Aug 24, 2005
—
Wsor Locks Fast Oil LLC
—
Deed Of Trust
related
$12,000,000 · Peoples Bank
Nov 21, 2001
—
Hickory North Prop
—
Deed Of Trust
related
$475,000 · Enfield Fsla
Mar 9, 1999
$515,000
Hickory N Prop
Napolitano,robert
Grant Deed
$412,000 · New England Bank & Trust
Apr 27, 1993
$1,500,000
Ian Melmed
Sidlin INC
Grant Deed
$1,100,000 · Bank Of Boston Ct
Apr 27, 1993
—
Ian Melmed
—
Deed Of Trust
related
$400,000 · Zwi Kohorn
Apr 18, 1991
$250,000
Sidlin INC
Smith,deforest W
Warranty Deed
$250,000 · Zenon Grzybowski
Jun 24, 1988
$1,282,504
Deforest W Smith
Court N Yards USA
Grant Deed
$1,140,000 · Bankboston Development Co LLC
Aug 31, 1987
$420,000
Nyards USA Court
Shrair,david A
Grant Deed
$1,000,000 · Connecticut 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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