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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Industrial properties
65 Spg Ln, Farmington, CT 06032-3141
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US15-0769454
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
55,392 SF
Lot
9.13 ac (397,703 SF)
Zoning code
CR
APN
FARM M:0147 B:1
UPID
US15-0769454
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
-
Northeast Riggers Inc. Moving Company Storage Facility
-
2020 Facility Services Corporation Industrial Consultant Moving And Storage Service
-
Northeast Industries, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.01M
Owner & transaction history
Spring Lane Props LLC · 12 yrs held
Spring Lane Props LLC
since 2014
7 recorded transactions
Zoning & alternative use
CR · Farmington, 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 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
by Request
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$18 / 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
$44,249
Tax year 2023
Assessed value
$1,827,700
Assessed 2023
Previous assessed
$1,827,700
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$547,960
Assessed improvement
$1,279,740
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
Off-Market
Year built
1989
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
1
Total area
55,392 SF
Lot
9.13 ac (397,703 SF)
Zoning code
CR
APN
FARM M:0147 B:1
UPID
US15-0769454
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.
Building & site characteristics
From public records
Year built
1989
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Lot
9.13 ac
Current owner
From public records · entity-resolved
Spring Lane Props LLC
Entity
Mailing address
65 SPG LN, FARMINGTON, CT 06032-3141
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2014
—
Spring Lane Props LLC
Rts Management LLC
Warranty Deed
related
$1,084,500 · Thomaston Svgs Bk
Apr 5, 2013
—
Rts Mgmt LLC
—
Deed Of Trust
related
$1,560,000 · United Bank
Sep 12, 2011
$1
Rts Mgmt LLC
Ftc Liquidation Co
Warranty Deed
related
—
Sep 12, 2011
—
Rts Mgmt LLC
—
Deed Of Trust
related
$892,500 · New England Bank
Sep 8, 2009
—
Fletcher Terry Co
—
Deed Of Trust
related
$621,000 · Farmington Savings Bank
Dec 21, 2007
—
Fletcher Terry Co
—
Deed Of Trust
related
$3,000,000 · Farmington Savings Bank
May 5, 1999
—
The Fletcher-terry Co
—
Deed Of Trust
related
$640,000 · Farmington Savings Bank
Feb 25, 1999
—
Fletcher Terry Co
—
Deed Of Trust
related
$1,950,000 · Farmington Savings Bank
May 15, 1998
—
Fletcher Terry Co
—
Deed Of Trust
related
$700,000 · Bankboston Development Co LLC
Sep 19, 1996
$695,000
Fletcher Terry Co
Phillips,ronald
Warranty Deed
$600,000 · Bank Of Boston Ct
Sep 20, 1989
—
The Fletcher-terry Co
—
Deed Of Trust
related
$1,500,000 · Bristol Savings Bank
Oct 19, 1988
—
Fletcher-terry Co
—
Deed Of Trust
related
$1,500,000 · Bristol Savings Bank
—
—
Spring Lane Properties
—
Deed Of Trust
related
$732,000 · New England Cert Dev
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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