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Property profile & analytics
FOR LEASE
Office buildings
4 Old Mill Rd Redding, CT 06896
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0379929
For Lease
1 / 2
$785,000
4 Old Mill Rd, Redding, CT 06896
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
4,858 SF
Lot
1.37 ac (59,677 SF)
Zoning code
BC
APN
REDD M:46 L:75
UPID
US15-0379929
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
-
EMI Specialty Papers Distribution Center
-
Elevation Spin - Train - TRX Gym & Fitness Center
-
Mesh-Mount Paper, Fiberglass & Tape Production Facility
-
Old Mill Market & Cafe Cafe & Coffee Shop
-
Yoga Station Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$785k
Owner & transaction history
4 Corners LLC · 13 yrs held
4 Corners LLC
since 2013
5 recorded transactions
Zoning & alternative use
BC · Redding, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+33.9%
Commercial (general)
$1.1M
+33.5%
Retail stores
$905,000
+6.5%
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 Redding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redding 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,130,000
Change: +34% · Conversion: Easy
RETAIL STORES
$905,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$162 / 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
$15,733
Tax year 2023
Assessed value
$568,200
Assessed 2023
Previous assessed
$568,200
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$316,800
Assessed improvement
$251,400
Applied tax rate
130.0000
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
For Lease
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Total area
4,858 SF
Lot
1.37 ac (59,677 SF)
Zoning code
BC
APN
REDD M:46 L:75
UPID
US15-0379929
Jurisdiction
REDDING
Zoning & alternative use
BC · Redding, CT
Zoning BC · permitted uses
BC · Redding, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redding. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$905,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Lot
1.37 ac
Current owner
From public records · entity-resolved
4 Corners LLC
Entity
Mailing address
292 POST RD E, WESTPORT, CT 06880-3628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Feb 19, 2013
—
4 Corners LLC
—
Deed Of Trust
related
$300,000 · Ffld County Bank Corp
Jan 23, 2002
—
4 Corners LLC
—
Deed Of Trust
related
$150,000 · Hudson United Bank
Jun 4, 1990
—
Michael Greenberg
—
Deed Of Trust
related
$500,000 · Citytrust
Mar 4, 1988
—
Michael Greenberg
—
Deed Of Trust
related
$550,000 · Citytrust
Mar 26, 1987
—
Michael Greenberg
—
Deed Of Trust
related
$265,787 · Westport 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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