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Property profile & analytics
FOR LEASE
Industrial properties
613 New Britain Ave, Farmington, CT 06032
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0381083
For Lease
1 / 12
$10 SF/Yr
613 New Britain Ave, Farmington, CT 06032
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
18,688 SF
Lot
20.59 ac (896,900 SF)
Zoning code
CR
APN
FARM M:0048 B:23B3
UPID
US15-0381083
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
-
Connected Approach Partners Employment Agency Business Service Center
-
Companions & Homemakers, Inc. Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.72M
Owner & transaction history
Mkc Properties LLC · 2 yrs held
Mkc Properties LLC
since 2024
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+66.1%
Office building
$2.1M
+61.9%
Auto repair, garage
$1.9M
+44.7%
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 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
$1,720,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,295,000
Current use
RETAIL STORES
$2,150,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$2,095,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,875,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,765,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,045,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.72M (Apr 29 2024)
Last sale anchor
$1.72M
Apr 29 2024
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
$92 / 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
$33,174
Tax year 2023
Assessed value
$1,370,250
Assessed 2023
Previous assessed
$1,370,250
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$592,480
Assessed improvement
$777,770
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
For Lease
Year built
1985
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
18,688 SF
Lot
20.59 ac (896,900 SF)
Zoning code
CR
APN
FARM M:0048 B:23B3
UPID
US15-0381083
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CT
Zoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
20.59 ac
Current owner
From public records · entity-resolved
Mkc Properties LLC
Entity
Mailing address
613 NEW BRITAIN AVE FARMINGTON
Ownership since
2024
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
Apr 29, 2024
$1,720,000
Mkc Properties LLC
613 New Britain Ave LLC
Warranty Deed
$800,000 · Mortgage Line Connecticut LLC
Aug 21, 2013
—
613 New Britain Ave LLC
—
Deed Of Trust
related
$800,000 · Savings Institute
May 4, 2009
—
613 New Britain Ave LLC
—
Deed Of Trust
related
$1,200,000 · Newalliance Bank
May 19, 1997
$1,800,000
Accr-a-data Acquisitio
Accr-a-data INC
Warranty Deed
related
$1,000,000 · Ct Development Auth
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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