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Property profile & analytics
OFF-MARKET
Showrooms
406 Berlin St, East Berlin, CT 06023-1184
Entity Owned
6-yr Hold
Free & Clear
Property ID
US15-0609831
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1905
Construction
FRAME
Total area
7,214 SF
Lot
0.56 ac (24,394 SF)
Zoning code
GI
APN
BERL M:17-2 B:151 L:1B
UPID
US15-0609831
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Creative Residencies LLC · 6 yrs held
Creative Residencies LLC
since 2019
5 recorded transactions
Zoning & alternative use
GI · East Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 East Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Berlin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,652
Tax year 2023
Assessed value
$292,700
Assessed 2023
Previous assessed
$292,700
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$84,200
Assessed improvement
$208,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1905
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
8
Bathrooms
8
Total area
7,214 SF
Lot
0.56 ac (24,394 SF)
Zoning code
GI
APN
BERL M:17-2 B:151 L:1B
UPID
US15-0609831
Jurisdiction
BERLIN
Zoning & alternative use
GI · East Berlin, CT
Zoning GI · permitted uses
GI · East Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1905
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
8
Bathrooms
8
Lot
0.56 ac
Current owner
From public records · entity-resolved
Creative Residencies LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 4040, HARTFORD, CT 06147-4040
Ownership since
2019
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
Aug 20, 2021
—
Creative Residencies LLC
—
Deed
related
$400,000 · Dade Realty Co LLC
Dec 27, 2019
—
Creative Residencies LLC
—
Deed
related
$225,000 · Dade Realty Co LLC
Oct 31, 2019
—
Creative Residencies LLC
Eugene LLC
Quit Claim Deed
related
—
Jun 14, 2004
$58,100
Eugene LLC
Baron Eugene C Est
Grant Deed
related
$100,000 · Worth Funding INC
—
—
Creative Residencies LLC
—
Deed Of Trust
related
$225,000 · Dade Realty Co LLC
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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