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Property profile & analytics
OFF-MARKET
Office buildings
7 Railroad Pl, Wethersfield, CT 06109-2349
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US15-0626533
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1890
Construction
FRAME
Total area
1,196 SF
Lot
0.65 ac (28,314 SF)
Zoning code
B
APN
WETH M:221 B:051
UPID
US15-0626533
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
-
The Jones Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Insurance Depot LLC · 12 yrs held
Insurance Depot LLC
since 2013
7 recorded transactions
Zoning & alternative use
B · Wethersfield, 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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,264
Tax year 2023
Assessed value
$149,930
Assessed 2023
Previous assessed
$149,930
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$85,050
Assessed improvement
$64,880
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Total area
1,196 SF
Lot
0.65 ac (28,314 SF)
Zoning code
B
APN
WETH M:221 B:051
UPID
US15-0626533
Jurisdiction
WETHERSFIELD
Zoning & alternative use
B · Wethersfield, CT
Zoning B · permitted uses
B · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Insurance Depot LLC
Entity
Mailing address
5 BROAD ST, WETHERSFIELD, CT 06109-3102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2013
$205,000
Insurance Depot LLC
Rustic Rails Realty LLC
Warranty Deed
$164,000 · Farmington Savings Bank
May 7, 2012
$190,000
Rustic Rails Realty LLC
Cknrr7 LLC
Warranty Deed
—
Feb 15, 2008
—
Cknrr 7 LLC
—
Deed Of Trust
related
$22,511 · Wethersfield Town Of
Mar 15, 2007
$177,000
Cknrr 7 LLC
Railroad Place LLC
Warranty Deed
—
Mar 15, 2007
$1
Weth Bicycle Shop LLC
Railroad Place LLC
Grant Deed
related
—
Sep 20, 2001
$135,000
Railroad Place LLC
Bergan,margaret A
Warranty Deed
$55,000 · Zenon Grzybowski
Dec 5, 1995
$70,000
Michael Bergan
Shea,arlene
Warranty Deed
$45,000 · Zenon Grzybowski
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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