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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Showrooms
593 Washington St Middletown, CT 06457-2512
Individually Owned
4-yr Hold
Free & Clear
Property ID
US15-1307842
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2022
Construction
STEEL FRAME
Total area
4,950 SF
Lot
1.26 ac (54,886 SF)
Zoning code
B-2
APN
MTWN M:23 L:0034
UPID
US15-1307842
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
-
Flash Car Wash Car Wash
-
House Garage Door Repairs Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Middletown Car Wash Props · 4 yrs held
Middletown Car Wash Props
since 2022
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
B-2 · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$2,160,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10% · vs last sale $2.40M (Feb 14 2022)
Last sale anchor
$2.40M
Feb 14 2022
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
$463 / 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
$57,749
Tax year 2023
Assessed value
$1,645,260
Assessed 2023
Previous assessed
$1,645,260
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$692,260
Assessed improvement
$953,000
Applied tax rate
250.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
4,950 SF
Lot
1.26 ac (54,886 SF)
Zoning code
B-2
APN
MTWN M:23 L:0034
UPID
US15-1307842
Jurisdiction
MIDDLETOWN
Zoning & alternative use
B-2 · Middletown, CT
Zoning B-2 · permitted uses
B-2 · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Middletown Car Wash Props
Individual
Free & Clear · 4 yrs held
Mailing address
593 WASHINGTON ST, MIDDLETOWN, CT 06457-2512
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$2,400,000
Middletown Car Wash Props
593 Wa Street Realty LLC
Quit Claim Arm's Length For Ne States
—
Mar 31, 2021
$700,000
593 Wa St Rlty LLC
593 Rlty LLC
Warranty Deed
—
Dec 15, 2005
$2,000,000
Mattabesset Rlty LLC
Rook,victor B SR
Warranty Deed
$800,000 · Rockville Bank
Jan 6, 1998
$285,000
593 Rlty LLC
Kwick Auto Wash INC
Warranty Deed
$228,000 · Liberty Bank
Jan 6, 1998
—
593 Rlty LLC
—
Deed Of Trust
related
$50,000 · Liberty Bank
Apr 12, 1995
—
Kwick Auto Wash INC
—
Deed Of Trust
related
$20,000 · Kenneth M Gustafson
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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