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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Investment properties
540 Hopmeadow St, Simsbury, CT 06070-2496
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-1033468
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
FRAME
Total area
24,117 SF
Lot
2.8 ac (121,968 SF)
Zoning code
B-2
APN
SIMS M:G12 B:132 L:29A
UPID
US15-1033468
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
-
Ofer Sagiv Physician
-
Pop-A-Lock Locksmith
-
Dr. Keith Wade Alternative Medicine Practice
-
Mrs. Cassandra Salinardi Counselor
-
Eric Horne Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.83M
Owner & transaction history
Simsmore Square 540 LLC · 6 yrs held
Simsmore Square 540 LLC
since 2020
5 recorded transactions
Zoning & alternative use
B-2 · Simsbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+21.8%
Office building
$2.7M
+16.6%
Auto repair, garage
$2.4M
+6.1%
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
COMMERCIAL (GENERAL)
$2,280,000
Current use
RETAIL STORES
$2,775,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$2,660,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,420,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,215,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$76 / 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
$52,852
Tax year 2023
Assessed value
$1,660,960
Assessed 2023
Previous assessed
$1,660,960
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$229,320
Assessed improvement
$1,431,640
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
8
Bathrooms
2
Total area
24,117 SF
Lot
2.8 ac (121,968 SF)
Zoning code
B-2
APN
SIMS M:G12 B:132 L:29A
UPID
US15-1033468
Jurisdiction
SIMSBURY
Zoning & alternative use
B-2 · Simsbury, CT
Zoning B-2 · permitted uses
B-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
8
Bathrooms
2
Lot
2.8 ac
Current owner
From public records · entity-resolved
Simsmore Square 540 LLC
Entity
Mailing address
540 HOPMEADOW ST, SIMSBURY, CT 06070-2496
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2020
—
Simsmore Square 540 LLC
—
Deed
related
$40,000 · Collinsville St Bk
Jun 16, 2009
—
Simsmore Square 540 LLC
—
Deed Of Trust
related
$275,000 · Thomas A Ricchi
May 3, 2004
—
Simsmore Sq 540 LLC
—
Deed Of Trust
related
$1,700,000 · Woronoco Savings Bank
Aug 4, 1994
—
Andrew Yakemore
—
Deed Of Trust
related
$50,000 · Fleet Mortgage Corp
—
—
Simsmore Square 540 LLC
—
Deed Of Trust
related
$40,000 · Collinsville St Bk
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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