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Property profile & analytics
OFF-MARKET
Estimated value
$18,395,000
Commercial real estate
42 Century Dr, Bristol, CT 06010-4779
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US15-1064636
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
STEEL FRAME
Total area
114,375 SF
Lot
12.72 ac (554,137 SF)
Zoning code
IP-1
APN
BRIS M:04 L:1-0208353
UPID
US15-1064636
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
-
DoubleTree by Hilton Hotel Bristol, Connecticut Hotel & Motel
-
TimeOut Sports Bar Restaurant
-
TimeOut Sports & Pizza Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.84M
Blend (final)
Blend
$18.40M
Owner & transaction history
Reesa Niznick · 16 yrs held
Reesa Niznick
since 2010
7 recorded transactions
Zoning & alternative use
IP-1 · Bristol, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.6M
+40.7%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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)
$13,905,000
Current use
RESTAURANT
$19,555,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$13,165,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$12,605,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,920,000
Change: -14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,470,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$18.40M
Range $16.56M – $20.23M · ±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
$161 / 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
$544,250
Tax year 2023
Assessed value
$17,932,460
Assessed 2023
Previous assessed
$17,932,460
+0.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$1,307,180
Assessed improvement
$16,625,280
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
6
Units
141
Total area
114,375 SF
Lot
12.72 ac (554,137 SF)
Zoning code
IP-1
APN
BRIS M:04 L:1-0208353
UPID
US15-1064636
Jurisdiction
BRISTOL
Zoning & alternative use
IP-1 · Bristol, CT
Zoning IP-1 · permitted uses
IP-1 · Bristol, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.9M
RESTAURANT
Est. value
$19.6M
RETAIL STORES
Est. value
$13.2M
OFFICE BUILDING
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$11.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
3
Units
141
Lot
12.72 ac
Current owner
From public records · entity-resolved
Reesa Niznick
Individual
Mailing address
8840 W RUSSELL RD STE #200, LAS VEGAS, NV 89148-1355
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
—
Bristol Hotel LLC
—
Deed
related
$16,000,000 · Thomaston Savings Bank
Feb 19, 2010
$1
Reesa Niznick
Niznick,reesa
Grant Deed
related
—
Nov 24, 2008
—
Fpc Hotel Dev INC
—
Deed Of Trust
related
$3,500,000 · Lafayette American Bank
Dec 31, 2003
—
Bizniz LLC
Bqt D B A Bqt
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 3, 2002
$5,672,300
Bqi LLC
Fpc Hotel Development
Warranty Deed
$5,400,000 · Zuckerman Family Nomi
Sep 10, 1998
—
Bqi Ltd Ptnshp
—
Deed Of Trust
related
$3,500,000 · Lafayette American Bank
Jun 24, 1988
—
Fpc Hotel Development
—
Deed Of Trust
related
$6,000,000 · United Bank & Trust Co
Aug 17, 1987
—
Fpc Hotel Dev INC
—
Deed Of Trust
related
$1,300,000 · United Bank & Trust 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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