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Property profile & analytics
FOR LEASE
Office Spaces
74 Batterson Park Rd, Farmington, CT 06032
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0628457
For Lease
1 / 4
$16 SF/Yr
74 Batterson Park Rd, Farmington, CT 06032
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
118,151 SF
Lot
34.08 ac (1,484,525 SF)
Zoning code
PR
APN
FARM M:0120 B:1_2_3-74
UPID
US15-0628457
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
-
Pond View Corporate Center Business Service Center Corporate Office
-
Keystone Insurance Insurance Agency
-
MJP Wealth Advisors Financial Advisor
-
Edelman Financial Engines Financial Advisor
-
Arch Re Facultative Underwriters Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.58M
Blend (final)
Blend
$6.44M
Owner & transaction history
Suite 960 LLC · 2 yrs held
Suite 960 LLC
since 2023
7 recorded transactions
Zoning & alternative use
PR · Farmington, 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 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
Blend value · Realmo final
$6.44M
Range $5.80M – $7.08M · ±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
$55 / 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
$158,092
Tax year 2023
Assessed value
$6,530,020
Assessed 2023
Previous assessed
$6,530,020
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$6,530,020
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1988
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Total area
118,151 SF
Lot
34.08 ac (1,484,525 SF)
Zoning code
PR
APN
FARM M:0120 B:1_2_3-74
UPID
US15-0628457
Jurisdiction
FARMINGTON
Zoning & alternative use
PR · Farmington, CT
Zoning PR · permitted uses
PR · 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.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
34.08 ac
Current owner
From public records · entity-resolved
Suite 960 LLC
Entity
Mailing address
747 S 3RD AVE FL #2900, NEW YORK, NY 10017-2803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Suite 960 LLC
—
Deed
related
$2,000,000 · Crstview 360 Hldg LLC
Aug 15, 2023
—
Kpi Pond LLC
—
Deed
related
$9,000,000 · Umb Bank
Oct 7, 2021
—
Pond LLC
—
Deed
related
$24,450,000 · Citizens Bank
Jul 2, 2019
—
Pond LLC
—
Deed
related
$15,640,000 · Guilford Savings Bank
Aug 11, 2016
—
Fusco Farmington Assoc
—
Deed
related
$750,000 · Peoples United Bank
May 29, 2009
—
Farm Assoc LP Fusco
—
Deed Of Trust
related
$20,000,000 · Peoples Bank
May 26, 1999
—
Fusco Farmington Assoc
—
Deed Of Trust
related
$21,000,000 · Merrill Lynch Credit Corp
Nov 1, 1995
—
Fusco Farmington Assoc
—
Deed Of Trust
related
$5,000,000 · Ali INC Delaware Corp
Oct 5, 1989
—
Hartford Assoc Fusco
—
Deed Of Trust
related
$10,000,000 · Zuckerman Family Nomi
Aug 11, 1988
—
Rusco Farm Assoc Ltd
—
Deed Of Trust
related
$38,500,000 · Bank Of Boston Ct
Oct 30, 1987
—
Farmington Ass Frisco
—
Deed Of Trust
related
$17,000,000 · Bankboston Development Co 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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