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Property profile & analytics
OFF-MARKET Estimated value $610,000
Banks

40 Middle St Bristol, CT 06010-5201

9,844 SF 1.2 ac lot Built 2011
Individually Owned Absentee Owner Free & Clear
Property ID
US15-1018641
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2011
Construction STEEL FRAME
Total area 9,844 SF
Lot 1.2 ac (52,272 SF)
Zoning code BHC
APN BRIS M:34 L:87
UPID US15-1018641
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
  • Thomaston Financial Services Financial Advisor
  • Thomaston Savings Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
$815k
Blend (final) Blend
$610k
Owner & transaction history
SB THOMASTON
SB THOMASTON
Zoning & alternative use
BHC · Bristol, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The BHC Route 72 Corridor Business Zone is intended to accommodate retail, service, office, and residential uses in a manner consistent with, and in furtherance of, the goals, policies and recommendations contained in the “Route 72 Corridor Land Use and Transportation Master Plan”, adopted by the Bristol Planning Commission on April 28, 2005. 2.1.10 127BI Ge…

Zone name Route 72 Corridor Business Zone
General category COMMERCIAL
Zone area 107.57 ac
Source BristolZoningRegulations 070126
Top alternative use upside
Auto repair, garage $1.0M +12.6%
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