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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Industrial properties
7 Corporate Ave, Farmington, CT 06032-2840
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US15-0712416
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1996
Total area
20,480 SF
Lot
6 ac (261,360 SF)
Zoning code
CR
APN
FARM M:0148 B:5
UPID
US15-0712416
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
-
Pro Star Nutrition Inc Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.37M
Owner & transaction history
Vhr Dev LLC · 30 yrs held
Vhr Dev LLC
since 1995
7 recorded transactions
Zoning & alternative use
CR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+6.1%
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
COMMERCIAL (GENERAL)
$1,935,000
Current use
AUTO REPAIR, GARAGE
$2,055,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,880,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$67 / 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
$32,584
Tax year 2023
Assessed value
$1,345,890
Assessed 2023
Previous assessed
$1,345,890
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$315,000
Assessed improvement
$1,030,890
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
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
20,480 SF
Lot
6 ac (261,360 SF)
Zoning code
CR
APN
FARM M:0148 B:5
UPID
US15-0712416
Jurisdiction
FARMINGTON
Zoning & alternative use
CR · Farmington, CT
Zoning CR · permitted uses
CR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
6 ac
Current owner
From public records · entity-resolved
Vhr Dev LLC
Entity
Mailing address
PO BOX 643, FARMINGTON, CT 06034-0643
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
—
Vhr Development LLC
—
Deed
related
$3,200,000 · Edgewood V Funding LLC
Mar 4, 2021
—
Vhr Development LLC
—
Deed
related
$700,000 · Edgewood V Funding LLC
Feb 10, 2020
—
Vhr Dev LLC
—
Deed
related
$2,700,000 · Edgewood Mac 5 LLC
Nov 9, 2005
—
Vhr Dev LLC
—
Deed Of Trust
related
$450,000 · Sovereign Bank
Aug 29, 2001
—
V H R Development LLC
—
Deed Of Trust
related
$1,200,000 · Sovereign Bank
Nov 18, 1996
—
Vhr Dev LLC
—
Deed Of Trust
related
$385,000 · First National Bank New Englnd
Nov 9, 1995
—
Vhr Dev LLC
—
Deed Of Trust
related
$1,100,000 · First National Bank New Englnd
Nov 6, 1995
$270,000
Vhr Dev LLC
Fcp Land Holding LLC
Warranty Deed
—
—
—
Vhr Dev LLC
—
Deed Of Trust
related
$2,700,000 · Edgewood Mac 5 LLC
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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