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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Investment properties
489 Old Hartford Rd Colchester, CT 06415-2758
Entity Owned
3-yr Hold
Property ID
US15-0065450
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
2.88 ac (125,453 SF)
Zoning code
AC
APN
COLC M:005 B:010 L:025-000
UPID
US15-0065450
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
-
Night Watch Properties, LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Backwood Investments LLC · 3 yrs held
Backwood Investments LLC
since 2023
Last sale
$851,000
7 recorded transactions
Zoning & alternative use
AC · Colchester, 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 Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester 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
$745,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $851k (Mar 3 2023)
Last sale anchor
$851k
Mar 3 2023
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
—
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
$11,892
Tax year 2023
Assessed value
$436,900
Assessed 2023
Previous assessed
$436,900
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$128,100
Assessed improvement
$308,800
Applied tax rate
380.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Buildings
2
Units
3
Lot
2.88 ac (125,453 SF)
Zoning code
AC
APN
COLC M:005 B:010 L:025-000
UPID
US15-0065450
Jurisdiction
COLCHESTER
Zoning & alternative use
AC · Colchester, CT
Zoning AC · permitted uses
AC · Colchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
3
Lot
2.88 ac
Current owner
From public records · entity-resolved
Backwood Investments LLC
Entity
Mailing address
489 OLD HARTFORD RD, COLCHESTER, CT 06415-2758
Ownership since
2023
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 3, 2023
$851,000
Backwood Investments LLC
Night Watch Prop LLC
Warranty Deed
$765,900 · Liberty Bank
Jul 13, 2017
$500,000
Night Watch Properties
Fireside Investments L
Warranty Deed
$459,507 · Chelsea Groton Bank
Nov 22, 2011
—
Fireside Investments
—
Deed Of Trust
related
$385,000 · Chelseagroton Savings Bank
Jan 20, 2011
$225,000
Fireside Investments LLC
Boucher,sheri M
Warranty Deed
$168,750 · Windsor Fsla
Jan 4, 2007
$392,000
Armand Boucher
Edwin Nadeau JR
Warranty Deed
$316,736 · Equity One INC
Aug 6, 1993
—
Edwin Nadeau JR.
—
Deed Of Trust
related
$100,000 · Fleet Mortgage Corp
Nov 16, 1992
—
Edwin Nadeau JR.
—
Deed Of Trust
related
$100,000 · Fleet Mortgage Corp
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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