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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
730 Hopmeadow St, Simsbury, CT 06070-2225
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US15-0478230
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1890
Construction
FRAME
Total area
7,615 SF
Lot
0.63 ac (27,443 SF)
Zoning code
SCZ
APN
SIMS M:G10 B:227 L:2
UPID
US15-0478230
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
-
Family Roots Hair Studio Hair Salon
-
Ted Zentek: Allstate Insurance Insurance Agency
-
Hear Again Center Physician
-
Pedro DelToro Mortgage Broker Loan Service Bank
-
Denayr D Gant - Team Gant Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$745k
Owner & transaction history
Gradbros Hopmeadow LLC · 9 yrs held
Gradbros Hopmeadow LLC
since 2017
7 recorded transactions
Zoning & alternative use
SCZ · Simsbury, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$875,000
+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 Simsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Simsbury 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
$840,000
Current use
RETAIL STORES
$875,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$765,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: -14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$700,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$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
$17,561
Tax year 2023
Assessed value
$551,880
Assessed 2023
Previous assessed
$551,880
+0.0% YoY
Effective rate
3.18%
On assessed value
Assessed land
$158,760
Assessed improvement
$393,120
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
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
5
Total area
7,615 SF
Lot
0.63 ac (27,443 SF)
Zoning code
SCZ
APN
SIMS M:G10 B:227 L:2
UPID
US15-0478230
Jurisdiction
SIMSBURY
Zoning & alternative use
SCZ · Simsbury, CT
Zoning SCZ · permitted uses
SCZ · Simsbury, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Simsbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$840,000
RETAIL STORES
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$700,000
OFFICE BUILDING Current
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
1890
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
5
Lot
0.63 ac
Current owner
From public records · entity-resolved
Gradbros Hopmeadow LLC
Entity
Mailing address
31 MTN SPG RD, BURLINGTON, CT 06013-1821
Ownership since
2017
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
Dec 27, 2021
—
Gradbros Hopmeadow LLC
—
Deed
related
$682,500 · Westfield Bank Fsb
Jan 17, 2017
$750,000
Gradbros Hopmeadow LLC
Darlar LLC
Warranty Deed
$500,000 · Westfield Bank
Oct 7, 2016
—
Darlar LLC
—
Deed
related
$500,000 · Westfield Bank
Jul 27, 2009
—
Darlar LLC
—
Deed Of Trust
related
$625,000 · Simsbury Bank & Trust Co
Apr 19, 2005
—
Darlar LLC
—
Deed Of Trust
related
$200,000 · Newalliance Bank
Jun 9, 2003
$600,000
Darlar LLC
730 Hop Meadow St LLC
Warranty Deed
$480,000 · Savings Bank Of Manchester
Oct 16, 1992
—
Stephen Fish
—
Deed Of Trust
related
$435,000 · Fleet Mortgage Corp
Oct 8, 1987
$1,225,000
Stephen Fish
Rice,rita
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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