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Property profile & analytics
OFF-MARKET
Estimated value
$8,400,000
Assisted living facilities
59 Harrington Ct Colchester, CT 06415-1207
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0644932
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,975 SF
Lot
16.28 ac (709,157 SF)
Zoning code
TC
APN
COLC M:022 B:000 L:004-000
UPID
US15-0644932
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
-
Hong Cornelio R MD Physician
-
Lisa Hintz Physician
-
Groton Regency Center Medical Clinic
-
Nicolle Annicelli Physician
-
Debra Pearson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.40M
Owner & transaction history
Harrington Ct Propco LLC · 1 yrs held
Harrington Ct Propco LLC
since 2024
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
TC · Colchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Town Center
General category
UNKNOWN
Zone area
621.80 ac
Source
Realmo
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
Method
Estimation
Statistic approach
$8,400,000
ML approach
$8,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.40M
Range $7.56M – $9.24M · ±10% · vs last sale $8.40M (Aug 20 2024)
Last sale anchor
$8.40M
Aug 20 2024
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
$159 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$118,829
Tax year 2024
Assessed value
$4,144,700
Assessed 2024
Previous assessed
$4,144,700
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$373,200
Assessed improvement
$3,771,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
52,975 SF
Lot
16.28 ac (709,157 SF)
Zoning code
TC
APN
COLC M:022 B:000 L:004-000
UPID
US15-0644932
Jurisdiction
COLCHESTER
Zoning & alternative use
TC · Colchester, CTZoning TC · permitted uses
TC · Colchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Town Center
General category
UNKNOWN
Zone area
621.80 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
16.28 ac
Current owner
From public records · entity-resolved
Harrington Ct Propco LLC
Entity
Free & Clear · 1 yrs held
Mailing address
885 3RD AVE, NEW YORK, NY 10022-4834
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
Harrington Ct Propco LLC
Harrington Court Rlty LLC
Quit Claim Deed
related
—
Dec 21, 2021
—
Harrington Court Rlty LLC
—
Deed
related
$34,500,000 · Key Bank NA
Jan 14, 2021
—
Harrington Court Rlty LLC
Genesis Health Vent
Quit Claim Deed
related
—
Jul 26, 2007
—
Genesis Health Ventures
—
Deed Of Trust
related
$1,500,000 · G E Capital Corp
Mar 2, 1998
—
Straus Assoc
—
Deed Of Trust
related
$6,000,000 · Zions First National Bank
Jan 15, 1998
—
Straus Assoc
—
Deed Of Trust
related
$6,000,000 · Zions First National Bank
Oct 14, 1997
$8,400,000
Genesis Health Venture
Strauss Assoc
Grant Deed
—
Dec 20, 1993
—
Straus Assoc
—
Deed Of Trust
related
$6,000,000 · Zions First National 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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