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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Warehouses
50 Holw Tree Ln, Newington, CT 06111-1721
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0199605
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
55,200 SF
Lot
7.68 ac (334,541 SF)
Zoning code
I
APN
NEWI M:8 B:6 L:B
UPID
US15-0199605
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
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.25M
Owner & transaction history
Mountain Industrial Props · 4 yrs held
Mountain Industrial Props
since 2022
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
I · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+60.6%
Apartment house (5+ units)
$4.8M
+56.8%
Commercial (general)
$4.8M
+56.8%
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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
$3,330,000
ML approach
$3,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,080,000
Current use
AUTO REPAIR, GARAGE
$4,945,000
Change: +61% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,830,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,830,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$4,150,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,980,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±10% · vs last sale $3.32M (Apr 27 2022)
Last sale anchor
$3.32M
Apr 27 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
$59 / 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
$82,375
Tax year 2023
Assessed value
$2,147,420
Assessed 2023
Previous assessed
$2,147,420
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$329,280
Assessed improvement
$1,818,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
55,200 SF
Lot
7.68 ac (334,541 SF)
Zoning code
I
APN
NEWI M:8 B:6 L:B
UPID
US15-0199605
Jurisdiction
NEWINGTON
Zoning & alternative use
I · Newington, CT
Zoning I · permitted uses
I · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (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
2001
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
7.68 ac
Current owner
From public records · entity-resolved
Mountain Industrial Props
Individual
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
—
Mountain Industrial Props
Mountain Industrial Reit
Quit Claim Deed
related
$140,000,000 · Citi Real Estate Funding
Mar 15, 2001
$3,321,364
Monmouth Re Inv Corp
Butler Re INC
Warranty Deed
$2,470,000 · Zuckerman Family Nomi
Sep 11, 2000
$405,452
Butter Re INC
Jnr Investors LLC
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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