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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
500 Talcottville Rd Vernon, CT 06066-4050
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US15-0735950
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
STEEL FRAME
Total area
17,560 SF
Lot
1.64 ac (71,438 SF)
Zoning code
COMMER
APN
VERN M:09 B:015T L:0021C
UPID
US15-0735950
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
-
Legendary Looks Barbershop Barber Shop
-
Dog Essentials Pet Grooming Service
-
Hartford Therapeutic Massage & Wellness Center Alternative Medicine Practice Spa & Massage Center
-
New 500 East LLC Shopping Center & Mall
-
The Dog Bone LLC Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$585k
Owner & transaction history
New 500 East LLC · 17 yrs held
New 500 East LLC
since 2008
4 recorded transactions
Zoning & alternative use
COMMER · Vernon, 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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$33 / 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
$22,245
Tax year 2023
Assessed value
$666,220
Assessed 2023
Previous assessed
$666,220
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$229,600
Assessed improvement
$436,620
Applied tax rate
420.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Total area
17,560 SF
Lot
1.64 ac (71,438 SF)
Zoning code
COMMER
APN
VERN M:09 B:015T L:0021C
UPID
US15-0735950
Jurisdiction
VERNON
Zoning & alternative use
COMMER · Vernon, CT
Zoning COMMER · permitted uses
COMMER · Vernon, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
New 500 East LLC
Entity
Mailing address
44 CAISSON RD, COLCHESTER, CT 06415-2100
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2013
—
New 500 East LLC
—
Deed Of Trust
related
$825,000 · Charter Oak FCU
Oct 26, 2009
—
New 500 East LLC
—
Deed Of Trust
related
$50,000 · Rockville Bank
Sep 19, 2008
$1,400,000
New 500 East LLC
500 Talcottville Vern LLC
Warranty Deed
$814,127 · Zenon Grzybowski
Mar 8, 2007
$1
500 Talcottville Road LLC
Winkler,jan
Grant Deed
related
—
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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