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Property profile & analytics
FOR LEASE
Office buildings
400 Executive Blvd Southington, CT 06489
Entity Owned
11-yr Hold
Free & Clear
Property ID
US15-0337701
For Lease
1 / 3
$13,045,000
400 Executive Blvd, Southington, CT 06489
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
121,648 SF
Lot
6.96 ac (303,178 SF)
Zoning code
I-1
APN
SOUT M:131 L:004
UPID
US15-0337701
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
-
Stanley Black And Decker Corporate Office
-
Biancardi Robert Insurance Agency
-
Barbosa Jessica Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.46M
Blend (final)
Blend
$13.05M
Owner & transaction history
400 Executive Blvd LLC · 11 yrs held
400 Executive Blvd LLC
since 2015
5 recorded transactions
Zoning & alternative use
I-1 · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.8M
+55.2%
Retail stores
$14.0M
+4.4%
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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$13,405,000
Current use
RESTAURANT
$20,800,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$14,000,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,200,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,495,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,180,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$13.05M
Range $11.74M – $14.35M · ±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
$107 / 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
$222,383
Tax year 2023
Assessed value
$7,324,870
Assessed 2023
Previous assessed
$7,324,870
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$1,128,950
Assessed improvement
$6,195,920
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
1992
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Total area
121,648 SF
Lot
6.96 ac (303,178 SF)
Zoning code
I-1
APN
SOUT M:131 L:004
UPID
US15-0337701
Jurisdiction
SOUTHINGTON
Zoning & alternative use
I-1 · Southington, CT
Zoning I-1 · permitted uses
I-1 · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.4M
RESTAURANT
Est. value
$20.8M
RETAIL STORES
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.2M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Lot
6.96 ac
Current owner
From public records · entity-resolved
400 Executive Blvd LLC
Entity
Free & Clear · 11 yrs held
Mailing address
59 MAIDEN LN, NEW YORK, NY 10038-4502
Ownership since
2015
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
Mar 18, 2015
—
400 Executive Blvd LLC
Webster Bank NA
Quit Claim Deed
related
—
Oct 1, 2013
—
Webster Bank NA
Hartconn Corp
Warranty Deed
—
Jan 18, 2002
—
Hartconn Corp
—
Deed Of Trust
related
$8,000,000 · Peoples Bank
Apr 26, 1991
—
Hartconn Corp
—
Deed Of Trust
related
$10,600,000 · United Bank & Trust Co
—
—
Hartconn Corp
—
Loan Modification
related
$6,538,984 · Webster 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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