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Property profile & analytics
OFF-MARKET
Industrial properties
48 Willard Ave Westbrook, CT 06498
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US15-0614593
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
STEEL FRAME
Total area
4,720 SF
Lot
1.1 ac (47,916 SF)
Zoning code
ID
APN
WBRO M:167 L:049
UPID
US15-0614593
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
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
Jkm Prop LLC · 27 yrs held
Jkm Prop LLC
since 1998
2 recorded transactions
Zoning & alternative use
ID · Westbrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
• ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain, enhance and promote a mixed-use, pedestrian-scale downtown area with a strong sense of place. The District provides for the central retail, office, cultural and governmental activities of the community as we…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
169.42 ac
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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,573
Tax year 2023
Assessed value
$214,470
Assessed 2023
Previous assessed
$214,470
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$101,400
Assessed improvement
$113,070
Applied tax rate
278.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
3
Total area
4,720 SF
Lot
1.1 ac (47,916 SF)
Zoning code
ID
APN
WBRO M:167 L:049
UPID
US15-0614593
Jurisdiction
WESTBROOK
Zoning & alternative use
ID · Westbrook, CTZoning ID · permitted uses
ID · Westbrook, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
• ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain, enhance and promote a mixed-use, pedestrian-scale downtown area with a strong sense of place. The District provides for the central retail, office, cultural and governmental activities of the community as well as encouraging limited residential use. The Regulations encourage harmony and compatibility of design in an area of buildings built at different times and under no or various zoning regulations. The object is to permit the rehabilitation or rebuilding of existing buildings on or close to the street and property lines, thus preserving the historic look of the Town Center.
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
169.42 ac
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
3
Lot
1.1 ac
Current owner
From public records · entity-resolved
Jkm Prop LLC
Entity
Mailing address
414 COGGESHALL ST, OXFORD, NC 27565-3602
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2003
—
Jkm Prop LLC
—
Deed Of Trust
related
$204,000 · Wachovia Bank NA
Aug 19, 1998
$115,000
Jkm Prop LLC
Blackburn,james D
Warranty Deed
—
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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