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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Showrooms
724 Allen St New Britain, CT 06053-3330
Entity Owned
~
Est. High Equity
Property ID
US15-0781150
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,548 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B3
APN
NBRI M:A5C B:27
UPID
US15-0781150
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
-
Classic Car Sales and Restoration Auto Repair Shop
-
CCSR formerly Papa's Auto Body Auto Repair Shop
-
Papa's On Allen Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Z2 Motorsports LLC
Z2 Motorsports LLC
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
B3 · New Britain, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+53.6%
Office building
$2.0M
+47.1%
Auto repair, garage
$1.9M
+33.8%
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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,390,000
Current use
RETAIL STORES
$2,135,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$2,045,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,860,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,730,000
Change: +24% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,285,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.83M (Apr 16 2024)
Last sale anchor
$1.83M
Apr 16 2024
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
$98 / 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
$32,273
Tax year 2023
Assessed value
$843,080
Assessed 2023
Previous assessed
$843,080
+0.0% YoY
Effective rate
3.83%
On assessed value
Assessed land
$78,400
Assessed improvement
$764,680
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
2
Total area
18,548 SF
Lot
1.56 ac (67,954 SF)
Zoning code
B3
APN
NBRI M:A5C B:27
UPID
US15-0781150
Jurisdiction
NEW BRITAIN
Zoning & alternative use
B3 · New Britain, CT
Zoning B3 · permitted uses
B3 · New Britain, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Z2 Motorsports LLC
Entity
Ownership since
2026
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
Mar 30, 2026
$900,000
Z2 Motorsports LLC
724 Allen Street LLC
Warranty Deed
—
Apr 16, 2024
—
724 Allen Street LLC
Mary E Schmitt
Quit Claim Deed
related
—
Dec 22, 2008
—
724 Allen Street LLC
—
Deed Of Trust
related
$270,000 · Helen Papa
Dec 30, 1998
$1,825,000
724 Allen St LLC
Papa,domenica A JR
Grant Deed
—
Sep 20, 1998
—
Domenic A Papa
—
Deed Of Trust
related
$400,000 · Mechanics Savings Bank
May 28, 1993
—
Domenic A Papa JR.
—
Deed Of Trust
related
$1,530,000 · Fleet Mortgage Corp
Aug 2, 1991
—
Domenic A Papa
—
Deed Of Trust
related
$500,000 · Mechanics Svgs Bk
Aug 1, 1988
—
Domenic A Papa JR
—
Deed Of Trust
related
$635,000 · United Bank & Trust Co
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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