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Property profile & analytics
FOR LEASE
Office buildings
465 Silas Deane Hwy FIRST Wethersfield, CT 06109
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0301681
For Lease
1 / 31
$26 SF/Yr
465 Silas Deane Hwy,Unit FIRST, Wethersfield, CT 06109
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,288 SF
Lot
1.16 ac (50,530 SF)
Zoning code
GB
APN
WETH M:207 B:006
UPID
US15-0301681
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
-
Hitchcock Contemporary Staffng Employment Agency
-
Christopher L. Lavoie, DC Alternative Medicine Practice
-
Dr. Lawrence J. Fortier, MD Physician Medical Clinic
-
Quest Diagnostics Wethersfield - Employer Drug Testing Not Offered Medical Laboratory
-
Lawrence J. Fortier, M.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$760k
Owner & transaction history
Weth Office Pk Holdin LLC · 18 yrs held
Weth Office Pk Holdin LLC
since 2007
7 recorded transactions
Zoning & alternative use
GB · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+34.5%
Auto repair, garage
$1.1M
+19.2%
Apartment house (5+ units)
$1.1M
+16.4%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$925,000
Current use
RETAIL STORES
$1,240,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,100,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,075,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$62 / 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
$40,969
Tax year 2023
Assessed value
$980,580
Assessed 2023
Previous assessed
$980,580
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$356,510
Assessed improvement
$624,070
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
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Total area
12,288 SF
Lot
1.16 ac (50,530 SF)
Zoning code
GB
APN
WETH M:207 B:006
UPID
US15-0301681
Jurisdiction
WETHERSFIELD
Zoning & alternative use
GB · Wethersfield, CT
Zoning GB · permitted uses
GB · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$925,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Lot
1.16 ac
Current owner
From public records · entity-resolved
Weth Office Pk Holdin LLC
Entity
Mailing address
PO BOX 25, MIDDLEFIELD, CT 06455-0025
Ownership since
2007
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
Mar 27, 2012
—
Wethersfield Office Parik
—
Deed Of Trust
related
$750,000 · Farmington Savings Bank
Aug 31, 2007
$1,050,000
Weth Office Pk Holdin LLC
B&i Associcates
Warranty Deed
$800,000 · Liberty Bank
Jul 16, 2003
—
B Assoc
—
Deed Of Trust
related
$550,000 · Savings Bank Of Manchester
Feb 28, 1997
—
B Assoc
—
Deed Of Trust
related
$30,000 · Glastonbury Bank & Trust
Aug 13, 1992
—
B Assoc
—
Deed Of Trust
related
$600,000 · Glastonbury Bk & Tr
Dec 12, 1991
—
B Assoc
—
Deed Of Trust
related
$100,000 · Glastonbury Bk & Tr
Nov 19, 1990
—
B Assoc
—
Deed Of Trust
related
$50,000 · Glastonbury Bk & Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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