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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Showrooms
450 Monroe Tpke Monroe, CT 06468-2343
Entity Owned
3-yr Hold
Free & Clear
Property ID
US15-0936978
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1973
Construction
STEEL FRAME
Total area
17,595 SF
Lot
1.22 ac (53,143 SF)
Zoning code
B1
APN
MONR M:030 B:006 L:00
UPID
US15-0936978
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
-
PixboothFUN Department Store
-
jmls consulting services, llc Construction Company
-
Angelovic Insurance Group LLC Insurance Agency
-
Swept Away Spa Spa & Massage Center
-
Monroe Nail Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.14M
Owner & transaction history
450 Monroe Turnpike LLC · 3 yrs held
450 Monroe Turnpike LLC
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
B1 · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$2,195,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $1.81M (Oct 18 2022)
Last sale anchor
$1.81M
Oct 18 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
$122 / 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
$44,343
Tax year 2023
Assessed value
$1,180,900
Assessed 2023
Previous assessed
$1,180,900
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$533,800
Assessed improvement
$647,100
Applied tax rate
126.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
15
Total area
17,595 SF
Lot
1.22 ac (53,143 SF)
Zoning code
B1
APN
MONR M:030 B:006 L:00
UPID
US15-0936978
Jurisdiction
MONROE
Zoning & alternative use
B1 · Monroe, CT
Zoning B1 · permitted uses
B1 · Monroe, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
15
Lot
1.22 ac
Current owner
From public records · entity-resolved
450 Monroe Turnpike LLC
Entity
Free & Clear · 3 yrs held
Mailing address
450 MONROE TPKE, MONROE, CT 06468-2343
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
—
450 Monroe Tpke LLC
—
Deed
related
$1,300,000 · Td Bank NA
Oct 18, 2022
$1,805,556
450 Monroe Turnpike LLC
Ronald R Michel
Warranty Deed
—
Oct 18, 2022
$111,111
450 Monroe Turnpike LLC
Albert Takach T
Warranty Deed
—
Oct 18, 2022
$83,333
450 Monroe Turnpike LLC
Michel Robert Est
Executors Deed
—
Jun 3, 1997
—
Barbara Anema
—
Deed Of Trust
related
$100,000 · Alan Bozogan
Mar 11, 1992
$27,000
John J Michel JR.
Michel,ronald
Grant Deed
related
—
Nov 1, 1991
—
Barbara Anema
—
Deed Of Trust
related
$177,914 · Zwi Kohorn
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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