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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Industrial properties
655 Christian Ln Berlin, CT 06037-1425
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0946935
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
54,296 SF
Lot
6.63 ac (288,803 SF)
Zoning code
GI
APN
BERL M:3-4 B:76A L:1C U:7977
UPID
US15-0946935
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
-
Automated Material Handling Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$4.02M
Owner & transaction history
Christian Lane Realty LLC · 4 yrs held
Christian Lane Realty LLC
since 2021
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
GI · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+66.1%
Office building
$6.0M
+59.0%
Auto repair, garage
$5.4M
+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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$4,830,000
ML approach
$3,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,765,000
Current use
RETAIL STORES
$6,250,000
Change: +66% · Conversion: Moderate
OFFICE BUILDING
$5,985,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,445,000
Change: +45% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,130,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,990,000
Change: +33% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,030,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $4.00M (Oct 18 2021)
Last sale anchor
$4.00M
Oct 18 2021
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
$74 / 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
$117,333
Tax year 2023
Assessed value
$3,969,300
Assessed 2023
Previous assessed
$3,969,300
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$536,300
Assessed improvement
$3,433,000
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
Heating
FORCED AIR
Buildings
4
Stories
2
Units
1
Total area
54,296 SF
Lot
6.63 ac (288,803 SF)
Zoning code
GI
APN
BERL M:3-4 B:76A L:1C U:7977
UPID
US15-0946935
Jurisdiction
BERLIN
Zoning & alternative use
GI · Berlin, CT
Zoning GI · permitted uses
GI · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
RETAIL STORES
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$3.0M
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
Heating
FORCED AIR
Stories
2
Buildings
4
Units
1
Lot
6.63 ac
Current owner
From public records · entity-resolved
Christian Lane Realty LLC
Entity
Mailing address
15 MULLEN RD, ENFIELD, CT 06082-6033
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
Christian Lane Realty LLC
Christian Lane Realty LLC
Quit Claim Deed
related
—
May 24, 2007
—
Christian Lane Realty LLC
—
Deed Of Trust
related
$35,700,000 · Bank Of America
Apr 3, 2007
$4,000,000
Christian Lane Realty LLC
Automated Salvage Co LLC
Warranty Deed
$2,000,000 · Bank Of America
Apr 29, 1994
$96,000
Salvage Tran Automated
Lindberg Corp
Warranty Deed
—
Sep 8, 1992
$800,000
Salvage Tran Automated
Christian Ln Realty
Warranty Deed
—
Nov 6, 1991
—
Automated Container
—
Deed Of Trust
related
$800,000 · Union Trust Co
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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