Individually Owned 
For Lease
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580 Cottage Grove Rd, Bloomfield, CT 06002
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Property summary
AI-generated overview
A Class A two-story medical and office building constructed with a steel frame and brick exterior, providing approximately 44,000 rentable square feet. The building is designed around a flexible layout centered on a common corridor with a two-story atrium lobby. It is fully sprinklered and features ample free parking and landscaped grounds.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
42,221 SF
Lot
7.01 ac (305,356 SF)
Zoning code
PO
APN
BLOO M:37 L:83
UPID
US15-0453551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Physician
-
Physician
-
Physician
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$5.05M
Owner & transaction history
since 1995
7 recorded transactions
Zoning & alternative use
PO · Bloomfield, CT
Zoning description
r of dogs to be boarded based upon the facilities and staffing proposed. 7.8.C Requirements for Professional Office Districts (Added 7/1/16) Commercial kennels may be authorized by Special Permit in Professional Office (…
General category
UNKNOWN
Top alternative use upside
Restaurant
$7.2M
+74.8%
Retail stores
$4.9M
+17.7%
Office building
$4.7M
+12.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$5.05M
Value range
$4.54M – $5.55M
±10% around blend
Estimated value / SF
$119 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
$4.54M
blend $5.05M
$5.55M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,221 SF
Lot area
7.01 ac
Year built
1989
Stories
2
APN
BLOO M:37 L:83
Zoning
PO
Assessed value
$3,840,060
Annual tax
$147,958
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.76M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.7 mi away · 52,512 SF
24.8 mi away · 50,000 SF
24.8 mi away · 50,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$98
+22%
Submarket 32 sales
$98
+22%
County 933 sales
$95
+26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $119/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+75%
vs current-use indication
Retail Stores
Office Building
Auto Repair, Garage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.84M
Move the market yield to see immediate price impact.
Value / SF
$91
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$242k
$4.84M
$3.46M
$2.69M
$269k
$5.38M
$3.84M
$2.99M
$296k
$5.91M
$4.22M
$3.29M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$3.00M
10.8 mi · Dec 2025 · $65/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$147,958
Tax year 2023
Assessed value
$3,840,060
Assessed 2023
Previous assessed
$3,840,060
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$722,540
Assessed improvement
$3,117,520
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
12
Rooms
8
Bathrooms
5
Total area
42,221 SF
Lot
7.01 ac (305,356 SF)
Zoning code
PO
APN
BLOO M:37 L:83
UPID
US15-0453551
Jurisdiction
BLOOMFIELD
Zoning & alternative use
PO · Bloomfield, CTZoning PO · permitted uses
PO · Bloomfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
r of dogs to be boarded based upon the facilities and staffing proposed. 7.8.C Requirements for Professional Office Districts (Added 7/1/16) Commercial kennels may be authorized by Special Permit in Professional Office (…
General category
UNKNOWN
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
12
Rooms
8
Bathrooms
5
Lot
7.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PO
UNKNOWN
Jurisdiction
Bloomfield, CT
Recorded code
PO
Official district
PO
Official district profile
What the municipal code says about PO
Zoning description
r of dogs to be boarded based upon the facilities and staffing proposed. 7.8.C Requirements for Professional Office Districts (Added 7/1/16) Commercial kennels may be authorized by Special Permit in Professional Office (…
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PO in Bloomfield, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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