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Property profile & analytics
OFF-MARKET
Investment properties
422 Main St Portland, CT 06480-1526
Individually Owned
9-yr Hold
Property ID
US15-0351240
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1887
Total area
3,665 SF
Lot
0.67 ac (29,185 SF)
Zoning code
R10
APN
PORT M:038 B:0105
UPID
US15-0351240
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
-
Portland and District Pipers Music Venue Theater & Performing Art Venue
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
Coreyanne P Armstrong · 9 yrs held
Coreyanne P Armstrong
since 2017
5 recorded transactions
Zoning & alternative use
R10 · Portland, 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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
$8,348
Tax year 2023
Assessed value
$257,180
Assessed 2023
Previous assessed
$257,180
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$47,110
Assessed improvement
$210,070
Applied tax rate
276.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1887
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
3,665 SF
Lot
0.67 ac (29,185 SF)
Zoning code
R10
APN
PORT M:038 B:0105
UPID
US15-0351240
Jurisdiction
PORTLAND
Zoning & alternative use
R10 · Portland, CTZoning R10 · permitted uses
R10 · Portland, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1887
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Coreyanne P Armstrong
Individual
Mailing address
422 MAIN ST, PORTLAND, CT 06480-1526
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Feb 21, 2017
$333,500
Coreyanne P Armstrong
Ian Tovey
Warranty Deed
$340,670 · Cbc National Bk
Jan 6, 2011
—
Michael Gambaccini
—
Deed Of Trust
related
$221,471 · Wells Fargo Mortgage
May 11, 2006
—
Michael Gambaccini
—
Deed Of Trust
related
$95,000 · Washington Mutual Bank
Jul 25, 2003
$351,000
Michael Gambaccini
Godwin,frank J JR
Warranty Deed
$250,000 · Charter Oak Lending Group
Jun 26, 1987
—
Frank J Godwin JR.
—
Deed Of Trust
related
$80,000 · Tolland 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.
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