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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Medical Office Space
428 Hartford Tpke, Vernon, CT 06066-4841
Individually Owned
33-yr Hold
Free & Clear
Property ID
US15-0064452
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
FRAME
Total area
18,720 SF
Lot
2.25 ac (98,010 SF)
Zoning code
COMMER
APN
VERN M:11 B:0014 L:00004
UPID
US15-0064452
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
-
Trinity Health Of New England Medical Group: OB/GYN & Nurse Midwifery Physician
-
Mr. Eric Camyre Pediatrician Physician
-
Family Essentials Network, Inc. Charitable Organization Social Service Agency
-
Megan Schmidt, MD Physician
-
Iyanna Liles, MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
428 Htfd Tpke Assoc · 33 yrs held
428 Htfd Tpke Assoc
since 1992
7 recorded transactions
Zoning & alternative use
COMMER · Vernon, 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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$625,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$36 / 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
$74,441
Tax year 2023
Assessed value
$2,229,440
Assessed 2023
Previous assessed
$2,229,440
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$315,000
Assessed improvement
$1,914,440
Applied tax rate
420.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Total area
18,720 SF
Lot
2.25 ac (98,010 SF)
Zoning code
COMMER
APN
VERN M:11 B:0014 L:00004
UPID
US15-0064452
Jurisdiction
VERNON
Zoning & alternative use
COMMER · Vernon, CT
Zoning COMMER · permitted uses
COMMER · Vernon, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$625,000
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
1992
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
428 Htfd Tpke Assoc
Individual
Free & Clear · 33 yrs held
Mailing address
27 NAEK RD, VERNON, CT 06066-3965
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2018
—
428 Hartford Tpke Asso
—
Deed
related
$250,000 · United Bank
Nov 30, 2011
—
428 Hartford Tpke Assn LP
—
Deed Of Trust
related
$350,000 · Rockville Bank
Dec 30, 2010
—
428 Hartford Tpk Assoc
—
Deed Of Trust
related
$2,465,000 · Rockville Bank
Jan 17, 2006
—
428 Hartford Tpke Assoc
—
Deed Of Trust
related
$1,900,000 · Newalliance Bank
Sep 27, 2001
—
Hartford Tpke Assn 428
—
Deed Of Trust
related
$1,800,000 · Savings Bank Of Manchester
Dec 7, 1999
—
Hartford Tpke As 428
—
Deed Of Trust
related
$461,937 · Naek Constr Co
Sep 17, 1997
—
428 Hartford Tpke
—
Deed Of Trust
related
$406,903 · Zuckerman Family Nomi
Dec 7, 1992
—
428 Hartford Tpke
—
Deed Of Trust
related
$1,500,000 · Mechanics Savings Bank
Aug 11, 1992
$600,000
428 Htfd Tpke Assoc
Potterton,evelyn
Warranty Deed
—
May 22, 1987
—
Elaine Potterton
—
Deed Of Trust
related
$450,000 · Central Bank Savings
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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