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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Specialty properties
631 Main St Middletown, CT 06457-2762
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US15-0272647
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1850
Construction
FRAME
Total area
6,150 SF
Lot
0.12 ac (5,227 SF)
Zoning code
B-1
APN
MTWN M:22 L:0259
UPID
US15-0272647
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
-
Weitzman Institute Research Institute
-
Center for Key Populations Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$310k
Owner & transaction history
Community Hlth Ctr INC · 26 yrs held
Community Hlth Ctr INC
since 1999
2 recorded transactions
Zoning & alternative use
B-1 · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parcel Size: Three acres minimum (may include primary and secondary parcels). Frontage: Sufficient to provide safe access. Building Coverage: 40%…
Zone name
Central Business
General category
COMMERCIAL
Zone area
93.15 ac
Source
Zoning Code
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
by Request
ML approach
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
$50 / 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 2015Property tax & assessments
Tax year 2015
Tax billed
$13,565
Tax year 2015
Assessed value
$402,580
Assessed 2023
Previous assessed
$402,580
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$164,220
Assessed improvement
$238,360
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
6,150 SF
Lot
0.12 ac (5,227 SF)
Zoning code
B-1
APN
MTWN M:22 L:0259
UPID
US15-0272647
Jurisdiction
MIDDLETOWN
Zoning & alternative use
B-1 · Middletown, CTZoning B-1 · permitted uses
B-1 · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parcel Size: Three acres minimum (may include primary and secondary parcels). Frontage: Sufficient to provide safe access. Building Coverage: 40% maximum but may be increased to 70% if structured parking is provided; however Impervious Coverage: 70% maximum including all impervious surface area; however, this standard shall not be applicable to the
Zone name
Central Business
General category
COMMERCIAL
Zone area
93.15 ac
Source
Zoning Code
Building & site characteristics
From public records
Year built
1850
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Community Hlth Ctr INC
Entity
Mailing address
635 MAIN ST, MIDDLETOWN, CT 06457-2718
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2006
—
Community Health Ctr INC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
Sep 17, 1999
$125,000
Community Hlth Ctr INC
Citizens Bk Conn
Grant Deed
$125,000 · Worth Funding INC
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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