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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Super regional malls
685 Queen St Southington, CT 06489-1547
Individually Owned
37-yr Hold
~
Est. High Equity
Property ID
US15-0663150
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
STEEL FRAME
Total area
21,296 SF
Lot
2.07 ac (90,169 SF)
Zoning code
B
APN
SOUT M:181 L:064
UPID
US15-0663150
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
-
HORIZON DENTAL Dental Office
-
Edible Arrangements Take-out & Catering Catering Service
-
Play It Again Sports (Bike/Boat/Book/etc) Store
-
Subway Take-out & Catering Catering Service
-
Southington Security Services Locksmith
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.00M
Owner & transaction history
Joseph Calvanese JR · 37 yrs held
Joseph Calvanese JR
since 1988
7 recorded transactions
Zoning & alternative use
B · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area
Zone name
Business
General category
COMMERCIAL
Zone area
1,044.05 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.6M
+88.9%
Retail stores
$1.5M
+77.7%
Medical building
$1.2M
+39.4%
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 Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington 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
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Current use
AUTO REPAIR, GARAGE
$1,585,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,490,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$1,170,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$47 / 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
$68,530
Tax year 2023
Assessed value
$2,257,260
Assessed 2023
Previous assessed
$2,257,260
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$728,730
Assessed improvement
$1,528,530
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
7
Total area
21,296 SF
Lot
2.07 ac (90,169 SF)
Zoning code
B
APN
SOUT M:181 L:064
UPID
US15-0663150
Jurisdiction
SOUTHINGTON
Zoning & alternative use
B · Southington, CTZoning B · permitted uses
B · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area
Zone name
Business
General category
COMMERCIAL
Zone area
1,044.05 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
7
Lot
2.07 ac
Current owner
From public records · entity-resolved
Joseph Calvanese JR
Individual
Mailing address
PO BOX 23, PLANTSVILLE, CT 06479-0023
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
—
Kastner&calvanese INC
—
Deed
related
$1,000,000 · Collinsville Saving Society
Mar 24, 1999
—
Kastner In
—
Deed Of Trust
related
$500,000 · Linda F Calvanese
Jun 20, 1997
—
Kastner In
—
Deed Of Trust
related
$367,970 · Joseph Calvenese
Sep 11, 1992
—
Kastner & Clvanese INC
—
Deed Of Trust
related
$500,000 · Joseph Clavanese JR
Dec 24, 1991
—
Kastner In
—
Deed Of Trust
related
$500,000 · Zwi Kohorn
May 9, 1991
—
Kastner In
—
Deed Of Trust
related
$500,000 · Zwi Kohorn
Jul 18, 1990
—
Kastner In
—
Deed Of Trust
related
$2,000,000 · Bank Of Southington
Aug 11, 1988
$1,000,000
Joseph Calvanese JR
Demello Antone Est
Grant Deed
$650,000 · Bank Of Southington
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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