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Property profile & analytics
OFF-MARKET
Showrooms
514 Westchester Rd Colchester, CT 06415-2246
Individually Owned
3-yr Hold
Free & Clear
Property ID
US15-0147811
Property summary
AI-generated overview
This exceptional 1.4-acre commercial land parcel presents a unique development opportunity in Colchester, Connecticut. Located at 514 Westchester Rd, 06415, this property boasts a prime corner lot in Westchester village, offering unparalleled visibility to over 13,000 vehicles daily on Route 2-E (400 feet of frontage). The site is zoned for mixed-commercial use, catering to a variety of development possibilities. Existing infrastructure includes a well and septic system. The property is vacant and ready for immediate development. No site preparation is required
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1840
Total area
3,720 SF
Lot
0.69 ac (30,056 SF)
Zoning code
WV
APN
COLC M:003 B:019 L:067-000
UPID
US15-0147811
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
F B & Patricia Adams T · 3 yrs held
F B & Patricia Adams T
since 2023
Last sale
$282,000
2 recorded transactions
Zoning & alternative use
WV · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$6,878
Tax year 2023
Assessed value
$252,700
Assessed 2023
Previous assessed
$252,700
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$72,000
Assessed improvement
$180,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1840
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Bathrooms
3
Total area
3,720 SF
Lot
0.69 ac (30,056 SF)
Zoning code
WV
APN
COLC M:003 B:019 L:067-000
UPID
US15-0147811
Jurisdiction
COLCHESTER
Zoning & alternative use
WV · Colchester, CT
Zoning WV · permitted uses
WV · 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
Year built
1840
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Bathrooms
3
Lot
0.69 ac
Current owner
From public records · entity-resolved
F B & Patricia Adams T
Individual
Free & Clear · 3 yrs held
Mailing address
514 WESTCHESTER RD, COLCHESTER, CT 06415-2246
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
$282,000
F B & Patricia Adams T
Kassem M Khybery
Warranty Deed
—
Feb 11, 1991
—
Kassum M Khybery
—
Deed Of Trust
related
$185,000 · Farm & Merchant 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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