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Property profile & analytics
FOR LEASE
Commercial real estate
477 Main St Monroe, CT 06468
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0081809
For Lease
1 / 2
Contact for pricing
477 Main St, Monroe, CT 06468
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
8.44 ac (367,646 SF)
Zoning code
B1
APN
MONR M:045 B:025 L:00
UPID
US15-0081809
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
-
AAA Legal Services Law Firm Insurance Agency
-
MG nails Nail Salon
-
Continental Dog Grooming Salon, LLC Pet Grooming Service
-
India Raj Restaurant Restaurant
-
Building Blocks Early Learning Center in Monroe Daycare Center
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
Clocktown Square 1 LLC · 7 yrs held
Clocktown Square 1 LLC
since 2019
5 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$215,169
Tax year 2024
Assessed value
$5,622,400
Assessed 2024
Previous assessed
$5,622,400
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$2,387,700
Assessed improvement
$3,234,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
6
Units
4
Lot
8.44 ac (367,646 SF)
Zoning code
B1
APN
MONR M:045 B:025 L:00
UPID
US15-0081809
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
Heating
NONE
Cooling
Yes
Buildings
6
Units
4
Lot
8.44 ac
Current owner
From public records · entity-resolved
Clocktown Square 1 LLC
Entity
Mailing address
477 MAIN ST, MONROE, CT 06468-1139
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 26, 2019
—
Clocktown Square 1 LLC
—
Deed
related
$4,000,000 · Newtown Savings Bank
Nov 5, 1998
—
Tartaglia 1 Salce LLC
—
Deed Of Trust
related
$4,950,000 · First Union National Bank
Aug 3, 1995
—
Tartaglia Salce LLC 1
—
Deed Of Trust
related
$3,200,000 · Centerbank Mortgage
Jan 19, 1994
—
Tartaglia Salce LLC 1
—
Deed Of Trust
related
$1,600,000 · Westport Bank & Trust
Nov 13, 1987
—
George Mengold JR.
—
Deed Of Trust
related
$500,000 · Ct Natl Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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