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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Investment properties
616 Long Hl Rd Middletown, CT 06457-4943
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0953513
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Construction
FRAME
Total area
3,487 SF
Lot
0.44 ac (19,166 SF)
Zoning code
PRD
APN
MTWN M:30 L:0133
UPID
US15-0953513
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
-
Pavilion Catering / CT Wedding Group Take-out & Catering Catering Service
-
Connecticut Wedding Group Wedding Service Event Planning
-
The Barns at Wesleyan Hills Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Ct Amazing Wedding LLC · 3 yrs held
Ct Amazing Wedding LLC
since 2023
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
PRD · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$930,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $840k (Feb 14 2023)
Last sale anchor
$840k
Feb 14 2023
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
$251 / 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
$12,547
Tax year 2023
Assessed value
$357,470
Assessed 2023
Previous assessed
$357,470
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$107,870
Assessed improvement
$249,600
Applied tax rate
250.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
2
Rooms
11
Bathrooms
5
Total area
3,487 SF
Lot
0.44 ac (19,166 SF)
Zoning code
PRD
APN
MTWN M:30 L:0133
UPID
US15-0953513
Jurisdiction
MIDDLETOWN
Zoning & alternative use
PRD · Middletown, CT
Zoning PRD · permitted uses
PRD · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
2
Rooms
11
Bathrooms
5
Lot
0.44 ac
Current owner
From public records · entity-resolved
Ct Amazing Wedding LLC
Entity
Mailing address
616 LONG HL RD, MIDDLETOWN, CT 06457-4943
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
$840,000
Ct Amazing Wedding LLC
Farmhouse At Wesleyan Hls
Warranty Deed
$5,500,000 · Blue Foundry Bank
Dec 10, 2013
$151,100
Thomas W Mcdowell
Freeman,theodore & Ella
Warranty Deed
—
Nov 27, 2013
—
616 Long Hill Road LLC
—
Deed Of Trust
related
$480,000 · Liberty Bank
Apr 12, 2013
$151,000
Thomas W Mcdowell
Freeman,theodore
Warranty Deed
—
Apr 12, 2013
$1
616 Long Hill Road LLC
Mcdowell,thomas W
Grant Deed
related
—
Sep 28, 2007
—
Theodore Freeman
—
Deed Of Trust
related
$110,000 · Beth Friedman
Mar 9, 2007
$320,000
Theodore Freeman
Obrien,john C
Grant Deed
$256,000 · Americas Wholesale Loan
Mar 9, 2007
—
Theodore Freeman
—
Deed Of Trust
related
$32,000 · Countrywide 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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