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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Industrial properties
592 New Britain Ave Farmington, CT 06032
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US15-0651637
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Total area
12,000 SF
Lot
4.13 ac (179,903 SF)
Zoning code
C1
APN
FARM M:0047 B:28F
UPID
US15-0651637
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
Emma Lu LLC · 10 yrs held
Emma Lu LLC
since 2016
7 recorded transactions
Zoning & alternative use
C1 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
294.11 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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$365k
Range $329k – $402k · ±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
$30 / 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
$12,476
Tax year 2023
Assessed value
$515,340
Assessed 2023
Previous assessed
$515,340
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$218,400
Assessed improvement
$296,940
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
1981
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
12,000 SF
Lot
4.13 ac (179,903 SF)
Zoning code
C1
APN
FARM M:0047 B:28F
UPID
US15-0651637
Jurisdiction
FARMINGTON
Zoning & alternative use
C1 · Farmington, CTZoning C1 · permitted uses
C1 · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
294.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
4.13 ac
Current owner
From public records · entity-resolved
Emma Lu LLC
Entity
Mailing address
PO BOX 801, OLD SAYBROOK, CT 06475-0801
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2016
—
Emma Lu LLC
—
Deed
related
$570,000 · Farmington National Bank
Mar 1, 2016
$400,000
Emma Lu LLC
Sjs Properties LLC
Warranty Deed
—
Jul 2, 2008
$750,000
Sjs Property LLC
Hes Holding Co LLC
Warranty Deed
$1,980,000 · Zuckerman Family Nomi
May 2, 2003
—
Hes Holding Co LLC
—
Deed Of Trust
related
$100,000 · Farmington Savings Bank
Jun 30, 1998
$726,000
Hes Holding Co LLC
Efi Metal Forming INC
Warranty Deed
$571,000 · Ct Development Auth
Jan 16, 1996
$625,553
Efi Mental Forming INC
Dayon,gary R
Warranty Deed
$15,000,000 · Zions First National Bank
May 12, 1988
—
Dayon Realty
—
Deed Of Trust
related
$540,000 · Landmark 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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