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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Investment properties
767-771 Farmington Ave 771 Farmington, CT 06032-2310
Entity Owned
14-yr Hold
Free & Clear
Property ID
US15-0509456
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
9,404 SF
Lot
1.63 ac (71,003 SF)
Zoning code
B2
APN
FARM M:0091 B:4-06350767
UPID
US15-0509456
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.22M
Owner & transaction history
Brick Walk LLC · 14 yrs held
Brick Walk LLC
since 2012
3 recorded transactions
Zoning & alternative use
B2 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+80.9%
Retail stores
$1.1M
+21.8%
Office building
$1.1M
+18.7%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$890,000
Current use
RESTAURANT
$1,610,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,080,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$1,055,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$945,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$130 / 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
$29,159
Tax year 2023
Assessed value
$1,204,420
Assessed 2023
Previous assessed
$1,204,420
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$412,930
Assessed improvement
$791,490
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Cooling
YES
Buildings
7
Stories
3
Units
5
Total area
9,404 SF
Lot
1.63 ac (71,003 SF)
Zoning code
B2
APN
FARM M:0091 B:4-06350767
UPID
US15-0509456
Jurisdiction
FARMINGTON
Zoning & alternative use
B2 · Farmington, CT
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$890,000
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1900
Heating
NONE
Cooling
Yes
Stories
3
Buildings
7
Units
5
Lot
1.63 ac
Current owner
From public records · entity-resolved
Brick Walk LLC
Entity
Free & Clear · 14 yrs held
Mailing address
283 MAIN ST, RIDGEFIELD, CT 06877-4902
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2012
—
Brick Walk LLC
Whitaker Ft
Quit Claim Deed
related
—
Jun 4, 2012
$1,280,000
Brickwalk Shops LLC
Brick Walk LLC
Warranty Deed
related
—
Jun 4, 2012
$1
Whitaker Ft
Brick Walk LLC
Grant Deed
related
—
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
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