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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
675 Berlin Tpke Berlin, CT 06037-2441
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US15-1055346
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
FRAME
Total area
5,972 SF
Lot
0.98 ac (42,689 SF)
Zoning code
BT-1
APN
BERL M:10-4 B:132 L:1
UPID
US15-1055346
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
-
PMG Insurance & Financial Services Financial Advisor
-
TransAmerican Business Services Information Services
-
Kablik & Leary PC Corporate Office
-
Cipher Creative Group Marketing & Advertising Advertising Agency
-
Envoy Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$630k
Owner & transaction history
Rocky Hill Enterprises · 24 yrs held
Rocky Hill Enterprises
since 2002
3 recorded transactions
Zoning & alternative use
BT-1 · Berlin, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Berlin Turnpike 1
General category
UNKNOWN
Zone area
305.67 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.0M
+55.2%
Retail stores
$685,000
+4.4%
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 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
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
$660,000
Current use
RESTAURANT
$1,020,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$685,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$600,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$550,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$105 / 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
$15,306
Tax year 2023
Assessed value
$517,800
Assessed 2023
Previous assessed
$517,800
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$116,100
Assessed improvement
$401,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
3
Total area
5,972 SF
Lot
0.98 ac (42,689 SF)
Zoning code
BT-1
APN
BERL M:10-4 B:132 L:1
UPID
US15-1055346
Jurisdiction
BERLIN
Zoning & alternative use
BT-1 · Berlin, CTZoning BT-1 · permitted uses
BT-1 · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Berlin Turnpike 1
General category
UNKNOWN
Zone area
305.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$550,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
3
Lot
0.98 ac
Current owner
From public records · entity-resolved
Rocky Hill Enterprises
Entity
Mailing address
675 BERLIN TPKE, BERLIN, CT 06037-2441
Ownership since
2002
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
Nov 19, 2013
—
Bnl Associates LLC
—
Deed Of Trust
related
$560,000 · Farmington Savings Bank
Nov 19, 2012
—
Bnl Assoc LLC
—
Deed Of Trust
related
$40,000 · Nems 431 LLC
May 23, 2002
$129,000
Rocky Hill Enterprises
Campanella,fred F JR
Warranty Deed
$79,000 · Zuckerman Family Nomi
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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