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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
435 Highland Ave Cheshire, CT 06410-2583
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-1069880
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
7,337 SF
Lot
1.26 ac (54,886 SF)
Zoning code
R-20A
APN
CHES M:50 B:6 L:
UPID
US15-1069880
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
-
Dr. Kelly S. Morrison, DMD Dental Office
-
Feldman David G DDS Dental Office
-
Dr. Jonathan A. Feldman Sr, DMD Dental Office
-
Morrison Kelly DDS Dental Office
-
Jonathan Uhl, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$885k
Owner & transaction history
Cheshire Highland LLC · 3 yrs held
Cheshire Highland LLC
since 2022
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
R-20A · Cheshire, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+31.7%
Commercial (general)
$825,000
+1.5%
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 Cheshire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheshire 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
$850,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$815,000
Current use
RESTAURANT
$1,075,000
Change: +32% · Conversion: Moderate
COMMERCIAL (GENERAL)
$825,000
Change: +1% · Conversion: Easy
RETAIL STORES
$795,000
Change: -2% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$770,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $900k (Sep 22 2022)
Last sale anchor
$900k
Sep 22 2022
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
$121 / 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
$53,433
Tax year 2023
Assessed value
$1,522,730
Assessed 2023
Previous assessed
$1,522,730
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$199,220
Assessed improvement
$1,323,510
Applied tax rate
322.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
7,337 SF
Lot
1.26 ac (54,886 SF)
Zoning code
R-20A
APN
CHES M:50 B:6 L:
UPID
US15-1069880
Jurisdiction
CHESHIRE
Zoning & alternative use
R-20A · Cheshire, CT
Zoning R-20A · permitted uses
R-20A · Cheshire, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheshire. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$815,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$825,000
RETAIL STORES
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$665,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
2012
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Cheshire Highland LLC
Entity
Mailing address
435 HIGHLAND AVE STE #210, CHESHIRE, CT 06410-2583
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
$900,000
Cheshire Highland LLC
Jad Partners LLC
Warranty Deed
$3,862,500 · Peoplesbank (holyoke Ma)
Jan 29, 2021
—
Jad Partners LLC
—
Deed
related
$1,690,000 · Bank Of America NA
Nov 16, 1993
—
Ct Interam Corp
—
Deed Of Trust
related
$250,000 · Bank Of Boston Ct
Jul 2, 1990
$283,700
Interam Corp
Fazzone,james
Grant Deed
$345,000 · Citytrust
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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