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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Super regional malls
405 Queen St Southington, CT 06489-1823
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0836051
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,720 SF
Lot
2.75 ac (119,790 SF)
Zoning code
B
APN
SOUT M:157 L:017
UPID
US15-0836051
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
-
Nardelli's Grinder Shoppe Restaurant
-
Villari's Martial Arts Centers - Southington CT Training Center Sports School
-
AT&T Store Telecommunications Service
-
Fancy Bagels Inc. (Bike/Boat/Book/etc) Store Bakery
-
Gohan Japanese Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.91M
Owner & transaction history
Executive 200 LLC · 4 yrs held
Executive 200 LLC
since 2022
Last sale
$4.9M
3 recorded transactions
Zoning & alternative use
B · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area
Zone name
Business
General category
COMMERCIAL
Zone area
1,044.05 ac
Source
Realmo
Top alternative use upside
Office building
$3.7M
+206.2%
Commercial (general)
$3.6M
+195.5%
Restaurant
$3.5M
+189.0%
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
$4,915,000
ML approach
$4,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,700,000
Change: +206% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,570,000
Change: +195% · Conversion: Easy
RESTAURANT
$3,495,000
Change: +189% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.41M – $5.40M · ±10% · vs last sale $4.90M (May 2 2022)
Last sale anchor
$4.90M
May 2 2022
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
$160 / 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
$72,886
Tax year 2023
Assessed value
$2,400,720
Assessed 2023
Previous assessed
$2,400,720
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$817,700
Assessed improvement
$1,583,020
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
13
Total area
30,720 SF
Lot
2.75 ac (119,790 SF)
Zoning code
B
APN
SOUT M:157 L:017
UPID
US15-0836051
Jurisdiction
SOUTHINGTON
Zoning & alternative use
B · Southington, CTZoning B · permitted uses
B · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area
Zone name
Business
General category
COMMERCIAL
Zone area
1,044.05 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
13
Lot
2.75 ac
Current owner
From public records · entity-resolved
Executive 200 LLC
Entity
Mailing address
405 QUEEN ST, SOUTHINGTON, CT 06489-1823
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$4,900,000
Executive 200 LLC
405 Queen LLC
Warranty Deed
$3,430,000 · Td Bank NA
Apr 6, 1989
—
Victor Basile
—
Deed Of Trust
related
$550,000 · Bristol Savings Bank
Jun 18, 1987
—
Peggy Mock
—
Deed Of Trust
related
$50,000 · Ct Natl Mtg Co
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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