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Property profile & analytics
OFF-MARKET
Estimated value
$8,465,000
Industrial properties
699 Middle St Middletown, CT 06457-1547
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US15-1051882
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Construction
STEEL FRAME
Total area
228,928 SF
Lot
16.24 ac (707,414 SF)
Zoning code
IT
APN
MTWN M:02 L:0341
UPID
US15-1051882
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
-
GoFast Solutions Electronics Wholesaler
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$8.47M
Owner & transaction history
Blj Assoc LLC · 28 yrs held
Blj Assoc LLC
since 1998
7 recorded transactions
Zoning & alternative use
IT · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
Blend value · Realmo final
$8.47M
Range $7.62M – $9.31M · ±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
$37 / 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
$246,753
Tax year 2023
Assessed value
$8,213,060
Assessed 2023
Previous assessed
$7,416,190
+10.7% YoY
Effective rate
3.00%
On assessed value
Assessed land
$2,419,870
Assessed improvement
$5,793,190
Applied tax rate
250.0000
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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
228,928 SF
Lot
16.24 ac (707,414 SF)
Zoning code
IT
APN
MTWN M:02 L:0341
UPID
US15-1051882
Jurisdiction
MIDDLETOWN
Zoning & alternative use
IT · Middletown, CT
Zoning IT · permitted uses
IT · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
16.24 ac
Current owner
From public records · entity-resolved
Blj Assoc LLC
Entity
Mailing address
1 SMITH STB#101, NORWALK, CT 06851-4836
Ownership since
1998
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
Nov 18, 2016
—
Blj Millenium LLC
—
Deed
related
$3,185,000 · Bankwell Bk
Jun 26, 2013
—
Blj Millenium LLC
—
Deed Of Trust
related
$7,350,000 · The Bank Of New Cannon
Mar 28, 2003
—
Blj Millennium LLC
—
Deed Of Trust
related
$4,801,146 · New Haven Savings Bank
Apr 27, 2001
—
Millennium RT LLC
—
Deed Of Trust
related
$5,000,000 · New Haven Savings Bank
Feb 6, 1998
$3,920,000
Blj Assoc LLC
Nj Re Dev
Grant Deed
$195,000 · Provident Savings Bank
Feb 6, 1998
—
Blj Assoc LLC
—
Deed Of Trust
related
$600,000 · Zenon Grzybowski
Nov 4, 1996
—
Nj Real Estate INC
—
Deed Of Trust
related
$250,000 · Arthur P Godbout JR
—
—
Blj Millenium LLC
—
Deed Of Trust
related
$3,185,000 · Bankwell Bk
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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