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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Manufacturing properties
61 Arrow Rd, Wethersfield, CT 06109-1357
Entity Owned
5-yr Hold
Free & Clear
Property ID
US15-0116838
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,495 SF
Lot
5.63 ac (245,243 SF)
Zoning code
BP
APN
WETH M:015 B:001
UPID
US15-0116838
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
-
My Contractor LLC Painting Service General Contractor
-
Chunhui Liu Alternative Medicine Practice Acupuncture
-
HELO Capital Business To Business Service
-
ACT Services Crisis Center Medical Clinic
-
Kari Nail House Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.43M
Owner & transaction history
Alpha Management 1 · 5 yrs held
Alpha Management 1
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
BP · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.7M
+87.2%
Auto repair, garage
$3.3M
+66.0%
Apartment house (5+ units)
$3.2M
+62.1%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
$2,985,000
ML approach
$2,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,970,000
Current use
RETAIL STORES
$3,685,000
Change: +87% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,270,000
Change: +66% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,195,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,190,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$2,740,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,035,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.48M (May 20 2021)
Last sale anchor
$2.48M
May 20 2021
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
$67 / 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
$43,489
Tax year 2023
Assessed value
$1,040,900
Assessed 2023
Previous assessed
$1,040,900
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$136,600
Assessed improvement
$904,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
26
Total area
36,495 SF
Lot
5.63 ac (245,243 SF)
Zoning code
BP
APN
WETH M:015 B:001
UPID
US15-0116838
Jurisdiction
WETHERSFIELD
Zoning & alternative use
BP · Wethersfield, CT
Zoning BP · permitted uses
BP · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
RETAIL STORES
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
26
Lot
5.63 ac
Current owner
From public records · entity-resolved
Alpha Management 1
Entity
Free & Clear · 5 yrs held
Mailing address
8 KROL FARM RD, ROCKY HILL, CT 06067-2932
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$2,475,000
Alpha Management 1
Russell Road Props
Warranty Deed
—
Dec 18, 2017
$850,000
Russel Road Props LLC
Pr Arrow LLC
Warranty Deed
$850,000 · Savings Bk/danbury
Mar 9, 2015
$601,000
Pr Arrow LLC
Town Of Wethersfield
Tax Deed
—
Sep 29, 2004
$700,000
61 Arrow Road LLC
61 Arrow Road Assoc INC
Warranty Deed
related
$525,000 · Connecticut River Bank
May 17, 2001
—
Arrow Rd Assoc INC
—
Deed Of Trust
related
$1,000,000 · Sovereign 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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