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Property profile & analytics
FOR LEASE
Office buildings
51 N Main St Southington, CT 06489
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0284310
For Lease
1 / 72
$7,800/Mo
51 N Main St, Southington, CT 06489
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Property summary
AI-generated overview
This exceptional 9,062 square foot multi-tenant office building, located at 51 N Main St in Southington, CT 06489, offers 8 available suites ranging from 140 to 973 contiguous square feet. Currently, 5,048 square feet are vacant. The building is situated in the newly remodeled Abby Park, Abby South building, under new management. Each suite boasts modern amenities including private bathrooms and dedicated storage. The building features high ceilings, stunning hardwood floors, and a welcoming waiting area. This prestigious location in the heart of downtown Southington provides unparalleled convenience and a professional atmosphere, ideal for businesses seeking a sophisticated and comfortable workspace. The property is categorized as both Executive and Medical Office space, making it suitable for a variety of professional uses. The minimum divisible space is 140 square feet, offering flexibility for businesses of various sizes. This is a fantastic opportunity to establish or expand your business in a thriving downtown location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
25,725 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CB
APN
SOUT M:111 L:190
UPID
US15-0284310
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
-
Will F. Epperson & Associates LLC Tax Preparation
-
David J Meiners, LPC Counselor
-
Casey's Image Consultants Hair Salon Nail Salon
-
Alkon Jack DDS Dental Office
-
Timeless Therapy - Melissa Glaser, MS, LPC - Therapist Southington CT Counseling Counselor Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.98M
Owner & transaction history
Crescent Holdings LLC · 3 yrs held
Crescent Holdings LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CB · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$1,935,000
ML approach
$1,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,835,000
Current use
RETAIL STORES
$2,960,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,580,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,430,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,365,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $2.00M (May 10 2023)
Last sale anchor
$2.00M
May 10 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
$77 / 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
$24,151
Tax year 2023
Assessed value
$795,480
Assessed 2023
Previous assessed
$795,480
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$101,350
Assessed improvement
$694,130
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
8
Total area
25,725 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CB
APN
SOUT M:111 L:190
UPID
US15-0284310
Jurisdiction
SOUTHINGTON
Zoning & alternative use
CB · Southington, CT
Zoning CB · permitted uses
CB · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
8
Lot
0.59 ac
Current owner
From public records · entity-resolved
Crescent Holdings LLC
Entity
Mailing address
51 N MAIN ST, SOUTHINGTON, CT 06489-2537
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Crescent Holdings LLC
—
Deed
related
$1,000,000 · Baycoast Bank
May 10, 2023
$2,000,000
Crescent Holdings LLC
Abby Park INC
Warranty Deed
$3,532,000 · Baycoast Bank
Sep 14, 2001
—
Abby Park INC
—
Deed Of Trust
related
$1,900,000 · Tolland Bank
Feb 9, 2000
$70,000
Goodrow Partners LLC
Delahunty Irene C Est
Grant Deed
$56,000 · Zenon Grzybowski
May 29, 1992
—
Abby Park INC
—
Deed Of Trust
related
$475,000 · Bank Of Southington
May 16, 1991
—
Rama Assoc
—
Deed Of Trust
related
$50,000 · United Bank & Trust Co
Oct 30, 1990
—
Rama Assoc
—
Deed Of Trust
related
$50,000 · Zwi Kohorn
Sep 21, 1988
—
Mathew Florian
—
Deed Of Trust
related
$600,000 · United Bank & Trust Co
Jul 27, 1987
$475,000
Matthew Florian
Alfonsi,ambrose
Grant Deed
$475,000 · State Savings Bank
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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