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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Office buildings
66 Cedar St, Newington, CT 06111-2633
Entity Owned
1-yr Hold
Free & Clear
Property ID
US15-0861940
Property summary
AI-generated overview
This exceptional office building at 66 Cedar Street in Newington, Connecticut, offers a variety of flexible spaces ideal for businesses seeking a convenient and well-equipped location. The property features a total of approximately 2300 square feet, currently divided into three available suites ranging from 600 to 2730 square feet. Each suite offers a blend of open workspace and private offices, perfect for accommodating diverse team sizes and workflows. One of the private offices is particularly well-suited for use as a conference room. A convenient kitchen is also included within the building. The building is a Class B property, equipped with a single elevator for easy access to all floors. Central air conditioning ensures year-round comfort, and ample parking is available on-site. The building is located in the Newington submarket of Hartford County, offering easy access to Newington Center. Heat is included in the lease rate
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,969 SF
Lot
1.35 ac (58,806 SF)
Zoning code
B-TC
APN
NEWI M:10 B:713 L:0
UPID
US15-0861940
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
-
Jennifer Schaefer Marriage Or Relationship Counselor
-
Suite 306 Bank Loan Service
-
Joanna Curry-Sartori Marriage Or Relationship Counselor
-
A Walk-In Medical Center: Urgent Care Medical Clinic
-
Junkluggers Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.72M
Owner & transaction history
Gkn Associates LLC · 1 yrs held
Gkn Associates LLC
since 2025
3 recorded transactions
Zoning & alternative use
B-TC · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+34.5%
Auto repair, garage
$2.4M
+19.2%
Apartment house (5+ units)
$2.4M
+16.4%
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 Newington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newington 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,025,000
Current use
RETAIL STORES
$2,725,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,415,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,360,000
Change: +16% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,360,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$64 / 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
$58,192
Tax year 2023
Assessed value
$1,517,000
Assessed 2023
Previous assessed
$1,517,000
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$326,020
Assessed improvement
$1,190,980
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
26,969 SF
Lot
1.35 ac (58,806 SF)
Zoning code
B-TC
APN
NEWI M:10 B:713 L:0
UPID
US15-0861940
Jurisdiction
NEWINGTON
Zoning & alternative use
B-TC · Newington, CT
Zoning B-TC · permitted uses
B-TC · Newington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Gkn Associates LLC
Entity
Free & Clear · 1 yrs held
Mailing address
66 CEDAR ST, NEWINGTON, CT 06111-2633
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
—
Gkn Associates LLC
Gkn Assoc
Quitclaim Deed
related
—
Dec 17, 2002
—
G K N Assoc
—
Deed Of Trust
related
$1,350,000 · First City Bank
Mar 5, 1987
—
G K W Assoc
—
Deed Of Trust
related
$1,740,000 · Shawmut Home 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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