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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Office buildings
507 Hopmeadow St, Simsbury, CT 06070-5406
Entity Owned
36-yr Hold
~
Est. High Equity
Property ID
US15-0688986
Property summary
AI-generated overview
This exceptional medical office space, located at 507 Hopmeadow Street in Simsbury, Connecticut, offers three available suites ranging from 1,803 to 3,000 square feet. The property is classified as a Class B building and is zoned PO, making it ideal for a variety of medical practices. Situated in Hartford County, this convenient location offers easy access for patients and staff. The building features ample parking, with a ratio of 5+ spaces per 1,000 square feet, ensuring convenient parking for both patients and staff. The total building size is 1 square foot, with 3,000 square feet currently vacant and available for lease. The property is a multi-tenant building, providing a collaborative environment. The address is 507 Hopmeadow Street, Simsbury, CT 06070. This prime location in Simsbury offers a thriving community and excellent visibility. The available space presents a fantastic opportunity for medical professionals seeking a well-maintained and conveniently located office space to establish or expand their practice. Interested parties should inquire for lease terms and conditions.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,440 SF
Lot
3.49 ac (152,024 SF)
Zoning code
PO
APN
SIMS M:G13 B:103 L:22
UPID
US15-0688986
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
-
Connecticut General Neuropsychiatry Medical Clinic
-
Connecticut Maxillofacial Surgeons Dental Office
-
CTMAX Erase Dental Office
-
Tingey Ian C DDS Dental Office
-
Life United Pentecostal Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.18M
Owner & transaction history
Rsb Realty INC · 36 yrs held
Rsb Realty INC
since 1989
4 recorded transactions
Zoning & alternative use
PO · Simsbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+4.4%
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 Simsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Simsbury 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,480,000
Current use
RETAIL STORES
$1,545,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,350,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,270,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,235,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$88 / 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
$27,838
Tax year 2023
Assessed value
$874,860
Assessed 2023
Previous assessed
$874,860
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$285,810
Assessed improvement
$589,050
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
9
Bathrooms
3
Total area
13,440 SF
Lot
3.49 ac (152,024 SF)
Zoning code
PO
APN
SIMS M:G13 B:103 L:22
UPID
US15-0688986
Jurisdiction
SIMSBURY
Zoning & alternative use
PO · Simsbury, CT
Zoning PO · permitted uses
PO · Simsbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Simsbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
9
Bathrooms
3
Lot
3.49 ac
Current owner
From public records · entity-resolved
Rsb Realty INC
Entity
Mailing address
70 GRIFFIN RD S, BLOOMFIELD, CT 06002-1352
Ownership since
1989
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
Apr 23, 1993
—
507 Hopmeadow Grp
—
Deed Of Trust
related
$520,000 · Fleet Mortgage Corp
Aug 23, 1989
$1,275,000
Rsb Realty INC
Hopmeadow Assoc
Grant Deed
$1,346,000 · United Bank & Trust Co
Apr 13, 1988
$1,275,000
Hopmain Assoc
597 Hopmeadow Assoc
Grant Deed
related
$1,275,000 · Burritt Intrafinancial Banc
Dec 2, 1987
—
507 Hopmeadow Assoc
—
Deed Of Trust
related
$1,317,000 · Union Trust Co
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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