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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Industrial properties
55 John Downey Dr New Britain, CT 06051-2901
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-0231583
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1966
Construction
STEEL FRAME
Total area
63,920 SF
Lot
3.39 ac (147,668 SF)
Zoning code
I1
APN
NBRI M:A10C B:13
UPID
US15-0231583
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
-
Fine Art Security Transport Trucking Company
-
New Britain Nursery & Lndscpe Landscaping General Contractor
-
Ralph's Landscaping & Lawn Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.05M
Owner & transaction history
55 John Downey LLC · 8 yrs held
55 John Downey LLC
since 2018
4 recorded transactions
Zoning & alternative use
I1 · New Britain, 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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$16 / 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
$55,200
Tax year 2023
Assessed value
$1,442,000
Assessed 2023
Previous assessed
$1,442,000
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$255,640
Assessed improvement
$1,186,360
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Units
3
Rooms
2
Total area
63,920 SF
Lot
3.39 ac (147,668 SF)
Zoning code
I1
APN
NBRI M:A10C B:13
UPID
US15-0231583
Jurisdiction
NEW BRITAIN
Zoning & alternative use
I1 · New Britain, CT
Zoning I1 · permitted uses
I1 · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Units
3
Rooms
2
Lot
3.39 ac
Current owner
From public records · entity-resolved
55 John Downey LLC
Entity
Mailing address
55 JOHN DOWNEY DR, NEW BRITAIN, CT 06051-2901
Ownership since
2018
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
Jul 17, 2018
—
55 John Downey LLC
—
Deed
related
$718,000 · New England Cert Dev
Apr 20, 2018
$1,700,000
55 John Downey LLC
Peterson LLC
Warranty Deed
$1,590,930 · Webster Bank
Feb 7, 2012
—
Peterson LLC
—
Deed Of Trust
related
$375,000 · Sovereign Bank
Nov 21, 2001
$925,000
Peterson LLC
Consulting Opthlmlgsts
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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