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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Commercial real estate
61 Railroad Ave Chester, CT 06412-1253
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0197738
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
4.05 ac (176,418 SF)
Zoning code
WD2
APN
CHES M:10 B:196
UPID
US15-0197738
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
-
The Anchor Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
Hays Enterprises LLC · 6 yrs held
Hays Enterprises LLC
since 2020
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
WD2 · Chester, 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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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
$1,080,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $815k (Jan 17 2020)
Last sale anchor
$815k
Jan 17 2020
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
—
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
$19,136
Tax year 2023
Assessed value
$644,310
Assessed 2023
Previous assessed
$644,310
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$227,640
Assessed improvement
$416,670
Applied tax rate
252.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Buildings
2
Units
80
Lot
4.05 ac (176,418 SF)
Zoning code
WD2
APN
CHES M:10 B:196
UPID
US15-0197738
Jurisdiction
CHESTER
Zoning & alternative use
WD2 · Chester, CT
Zoning WD2 · permitted uses
WD2 · Chester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
80
Lot
4.05 ac
Current owner
From public records · entity-resolved
Hays Enterprises LLC
Entity
Mailing address
PO BOX 236, CHESTER, CT 06412-0236
Ownership since
2020
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
Jan 17, 2020
$815,000
Hays Enterprises LLC
A&g Ent
Warranty Deed
$640,000 · Essex Savings Bank
Oct 1, 2010
—
A&g Ent
—
Deed Of Trust
related
$650,000 · Blp Enterprises INC
Nov 8, 2002
—
A & G Enterprises
—
Deed Of Trust
related
$700,000 · First City Bank
May 8, 1996
—
A&g Enterprises
—
Deed Of Trust
related
$200,000 · New Haven Savings Bank
Dec 31, 1992
—
A & G Ent
—
Deed Of Trust
related
$550,000 · Worth Funding INC
May 8, 1989
—
A & G Ent
—
Deed Of Trust
related
$100,000 · Chester Bank
Dec 6, 1988
—
A & G Ent
—
Deed Of Trust
related
$390,000 · United Bank & Trust Co
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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