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Property profile & analytics
OFF-MARKET
Estimated value
$7,600,000
Commercial real estate
61 Bellevue Ave, Bristol, CT 06010-5815
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-1005679
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,271 SF
Lot
1.32 ac (57,631 SF)
Zoning code
R-15/B
APN
BRIS M:26 L:273
UPID
US15-1005679
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
-
National Health Care Associates Inc Medical Clinic
-
Watsky Phil MD Physician
-
Radhika Adiraju Physician
-
Julie Martin Physician
-
The Pines at Bristol Center for Nursing & Rehabilitation Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.61M
Blend (final)
Blend
$7.60M
Owner & transaction history
Ep Bristol Realty LLC · 18 yrs held
Ep Bristol Realty LLC
since 2008
4 recorded transactions
Zoning & alternative use
R-15/B · Bristol, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+40.7%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,745,000
Current use
RESTAURANT
$8,085,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$5,440,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$5,210,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,925,000
Change: -14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,740,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.60M
Range $6.84M – $8.36M · ±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
$161 / 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
$184,445
Tax year 2023
Assessed value
$6,077,260
Assessed 2023
Previous assessed
$6,077,260
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$1,940,400
Assessed improvement
$4,136,860
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
5
Units
132
Total area
47,271 SF
Lot
1.32 ac (57,631 SF)
Zoning code
R-15/B
APN
BRIS M:26 L:273
UPID
US15-1005679
Jurisdiction
BRISTOL
Zoning & alternative use
R-15/B · Bristol, CT
Zoning R-15/B · permitted uses
R-15/B · Bristol, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.7M
RESTAURANT
Est. value
$8.1M
RETAIL STORES
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
5
Buildings
2
Units
132
Lot
1.32 ac
Current owner
From public records · entity-resolved
Ep Bristol Realty LLC
Entity
Free & Clear · 18 yrs held
Mailing address
20 E SUNRISE HWY, VALLEY STREAM, NY 11581-1260
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2024
—
Ep Bristol Rlty LLC
—
Deed
related
$9,265,200 · Walker & Dunlop LLC
Feb 28, 2008
$1
Ep Bristol Realty LLC
Eden Park Mgmt INC
Grant Deed
related
—
Jun 5, 2006
—
Eden Park Mgmt INC
—
Deed Of Trust
related
$1,200,000 · Mark Hoffman
—
—
Ep Bristol Realty LLC
—
Deed Of Trust
related
$10,469,500 · Webster Bk NA
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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