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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
Contact for pricing
613 New Britain Ave, Farmington, CT 06032
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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
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
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, CTZoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this to promote Industrial Uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
778.18 ac
Source
Realmo
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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