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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Showrooms
416 Slater Rd New Britain, CT 06053-3464
Entity Owned
38-yr Hold
Free & Clear
Property ID
US15-0928869
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Total area
22,643 SF
Lot
1.16 ac (50,530 SF)
Zoning code
B1
APN
NBRI M:E3C B:33
UPID
US15-0928869
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
-
KBA Architects Architect Interior Designer
-
Scope Construction Co. Inc Construction Company General Contractor
-
New Britain Paving General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.21M
Owner & transaction history
Development Design · 38 yrs held
Development Design
since 1988
7 recorded transactions
Zoning & alternative use
B1 · New Britain, 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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
COMMERCIAL (GENERAL)
$1,695,000
Current use
INDUSTRIAL (GENERAL)
$1,570,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$53 / 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
$43,525
Tax year 2023
Assessed value
$1,137,010
Assessed 2023
Previous assessed
$1,137,010
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$58,310
Assessed improvement
$1,078,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
2
Bathrooms
7
Total area
22,643 SF
Lot
1.16 ac (50,530 SF)
Zoning code
B1
APN
NBRI M:E3C B:33
UPID
US15-0928869
Jurisdiction
NEW BRITAIN
Zoning & alternative use
B1 · New Britain, CT
Zoning B1 · permitted uses
B1 · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1990
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
2
Bathrooms
7
Lot
1.16 ac
Current owner
From public records · entity-resolved
Development Design
Entity
Free & Clear · 38 yrs held
Mailing address
416 SLATER RD, NEW BRITAIN, CT 06053-3464
Ownership since
1988
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
Jun 14, 2019
—
Design Development Realty
—
Deed
related
$250,000 · Webster Bank
May 22, 2017
—
Design Development Rea
—
Deed
related
$250,000 · Webster Bank
Jun 10, 1991
—
Dev Design
—
Deed Of Trust
related
$400,000 · Ct Natl Bk
Jul 21, 1989
—
Dev Design
—
Deed Of Trust
related
$1,500,000 · Ct Natl Bk
Jul 7, 1988
$220,000
Development Design
Tomasso Brothers
Grant Deed
—
Apr 2, 1987
$98,500
Tomasso Brothers INC
Burritt Intfncl
Grant Deed
—
Feb 6, 1987
$118,000
Tomasso Bros INC
City Of New Britain
Grant Deed
—
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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