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Property profile & analytics
FOR LEASE
Office buildings
72 Queen St B Southington, CT 06489
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0073737
For Lease
1 / 40
$14 SF/Yr
72 Queen St,Unit B, Southington, CT 06489
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Property summary
AI-generated overview
This exceptional two-story office building, situated on a 0.96-acre lot in Southington, Connecticut (zip code 06489), offers a versatile workspace ideal for various professional needs. The building, constructed in 1988 and extensively renovated in 2018, boasts a total of 9,518 square feet, with a single, 2,204-square-foot space currently available for lease. This space is located on the second floor and features attractive window views from all private offices. The building's amenities include private conference rooms, a comfortable lounge area, and a convenient kitchen. The property is zoned B and provides ample parking with 49 spaces. A passenger elevator services both floors. The building's location offers excellent visibility and benefits from high traffic counts. This is a rare opportunity to secure a well-maintained, modern office space in a desirable Southington location. The property's features include a single elevator, and the minimum divisible space is 2,204 square feet, which is also the maximum contiguous space currently available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
9,518 SF
Lot
0.96 ac (41,818 SF)
Zoning code
B
APN
SOUT M:133 L:071
UPID
US15-0073737
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
-
Accu Vision Center Physician
-
Accu Vision Center: Dr. Michael S. McAvoy O.D. Physician
-
Edu4Retirement, Inc. Financial Advisor
-
Stuart K. Clark, CPA, LLC Accounting Firm
-
leap2retire com Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.10M
Owner & transaction history
72 Queen St LLC · 7 yrs held
72 Queen St LLC
since 2018
7 recorded transactions
Zoning & alternative use
B · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+55.2%
Retail stores
$1.1M
+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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,050,000
Current use
RESTAURANT
$1,625,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$1,095,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$955,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$875,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$115 / 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
$18,667
Tax year 2023
Assessed value
$614,870
Assessed 2023
Previous assessed
$614,870
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$148,590
Assessed improvement
$466,280
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
For Lease
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
9,518 SF
Lot
0.96 ac (41,818 SF)
Zoning code
B
APN
SOUT M:133 L:071
UPID
US15-0073737
Jurisdiction
SOUTHINGTON
Zoning & alternative use
B · Southington, CT
Zoning B · permitted uses
B · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$875,000
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
72 Queen St LLC
Entity
Mailing address
72 QUEEN ST, SOUTHINGTON, CT 06489-2023
Ownership since
2018
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
Aug 31, 2018
$950,000
72 Queen St LLC
Mim Milestone LLC
Warranty Deed
—
Apr 22, 2013
—
M J M Milestone LLC
—
Deed Of Trust
related
$150,000 · Farmington Savings Bank
Jun 26, 2012
—
Mjm Milestone LLC
—
Deed Of Trust
related
$565,000 · Farmington Savings Bank
Jun 7, 2010
—
Mjm Milestone LLC
—
Deed Of Trust
related
$490,000 · Farmington Savings Bank
Oct 9, 2001
—
Mjm Milestone LLC
—
Deed Of Trust
related
$200,000 · Farmington Savings Bank
Jun 29, 1998
$525,000
Lafayette American Bk
First Union Nb
Warranty Deed
related
—
Aug 10, 1993
$715,000
Centerbank
Fdic
Grant Deed
—
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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