Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
40 Ctr St Prospect, CT 06712-1639
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0207675
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
FRAME
Total area
3,288 SF
Lot
0.56 ac (24,394 SF)
Zoning code
B
APN
PROS M:110 B:28 L:40
UPID
US15-0207675
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
-
Longo Stephen A Law Firm
-
Skin Care On Center Day Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Djr On Center LLC · 1 yrs held
Djr On Center LLC
since 2025
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
B · Prospect, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
280.51 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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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
$720,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $775k (Jan 6 2025)
Last sale anchor
$775k
Jan 6 2025
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
$227 / 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
$9,273
Tax year 2024
Assessed value
$288,530
Assessed 2024
Previous assessed
$288,530
+0.0% YoY
Effective rate
3.21%
On assessed value
Assessed land
$84,450
Assessed improvement
$204,080
Applied tax rate
340.0000
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
1
Total area
3,288 SF
Lot
0.56 ac (24,394 SF)
Zoning code
B
APN
PROS M:110 B:28 L:40
UPID
US15-0207675
Jurisdiction
PROSPECT
Zoning & alternative use
B · Prospect, CTZoning B · permitted uses
B · Prospect, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Business
General category
COMMERCIAL
Zone area
280.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Djr On Center LLC
Entity
Mailing address
107 SHR RDB, CLINTON, CT 06413-2346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
$775,000
Djr On Center LLC
Stephen A Longo
Warranty Deed
$425,000 · Stephen A Longo
Oct 2, 2024
—
Stephen A Longo
Rosanne V Longo
Quit Claim Deed
related
—
May 2, 2018
—
Rosanne V Longo
—
Deed
related
$122,000 · Jwf INC
May 9, 2008
—
Rosanne V Longo
—
Deed Of Trust
related
$160,000 · Wells Fargo Mortgage
Jan 27, 1997
—
Rosanne V Longo
—
Deed Of Trust
related
$219,500 · Community Savings Bank
Feb 1, 1993
—
Rosanne V Longo
—
Deed Of Trust
related
$190,000 · Community Savings Bank
—
—
Rosanne V Longo
—
Deed Of Trust
related
$122,000 · Jwf INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
