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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Showrooms
590 Hartford Rd New Britain, CT 06053-1525
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0359261
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,268 SF
Lot
1.1 ac (47,916 SF)
Zoning code
B3
APN
NBRI M:A1A B:106
UPID
US15-0359261
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
-
It's Just Wings Restaurant
-
Chili's Grill & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$565k
Owner & transaction history
Vj Basile 2 LLC · 18 yrs held
Vj Basile 2 LLC
since 2007
7 recorded transactions
Zoning & alternative use
B3 · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$900,000
+128.2%
Retail stores
$605,000
+53.6%
Office building
$580,000
+47.1%
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 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Current use
RESTAURANT
$900,000
Change: +128% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$580,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$530,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$490,000
Change: +24% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$365,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$107 / 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
$48,439
Tax year 2023
Assessed value
$1,265,390
Assessed 2023
Previous assessed
$1,265,390
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$696,780
Assessed improvement
$568,610
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
2
Total area
5,268 SF
Lot
1.1 ac (47,916 SF)
Zoning code
B3
APN
NBRI M:A1A B:106
UPID
US15-0359261
Jurisdiction
NEW BRITAIN
Zoning & alternative use
B3 · New Britain, CT
Zoning B3 · permitted uses
B3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$395,000
RESTAURANT
Est. value
$900,000
RETAIL STORES
Est. value
$605,000
OFFICE BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$490,000
INDUSTRIAL (GENERAL)
Est. value
$365,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Vj Basile 2 LLC
Entity
Mailing address
43 RIDGECREST LN, BRISTOL, CT 06010-2910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Vjbasile LLC
—
Deed
related
$2,000,000 · Liberty Bank
Mar 6, 2012
—
Vjbasile LLC
—
Deed Of Trust
related
$1,595,992 · Lafayette Square LLC
Dec 19, 2007
$1
Vj Basile 2 LLC
Vj Basile LLC
Warranty Deed
related
—
Dec 19, 2007
—
Vj Basile LLC
—
Deed Of Trust
related
$1,100,000 · Rbs Citizens Bank NA
Mar 31, 1998
—
Victor J Basile
—
Deed Of Trust
related
$1,700,000 · Metlife Capital Corp
Nov 1, 1994
—
Victor J Basile
—
Deed Of Trust
related
$751,072 · Bristol Mortgage
Sep 17, 1993
—
Basile Ent INC
—
Deed Of Trust
related
$229,000 · Bristol Savings Bank
May 21, 1990
—
Victor J Basile
—
Deed Of Trust
related
$1,400,000 · Zuckerman Family Nomi
Jan 21, 1988
—
Victor Basile
—
Deed Of Trust
related
$2,000,000 · Mechanics & Farmers Bank
Nov 4, 1987
—
Victor J Basile
—
Deed Of Trust
related
$1,000,000 · Connecticut Bank & Trust
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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