Technical
Financial
Distress signals
Property profile

8 2nd Mile Rd Farmington, CT 06032

OFF-MARKET
Office buildings
Property ID
US15-0983417
32,575 SF 3.81 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 32,575 SF
Lot 3.81 ac (165,964 SF)
Zoning code BR
APN FARM M:0108 B:2-20150008
UPID US15-0983417

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Real Estate Agency
  • Physician
  • Financial Advisor
  • Medical Clinic

Location

8 2nd Mile Rd Farmington, CT 06032-2559
Farmington metro Census 460100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.35M
Blend (final) Blend
$4.52M

Owner & transaction history

since 2022
Last sale
$4.5M
4 recorded transactions
2022
$4.5M
2005
$3.3M
2002
Price N/A
2002
$2.0M

Zoning & alternative use

BR · Farmington, CT
Zoning description

The Intent of this to promote Business Restricted Uses

General category COMMERCIAL
Top alternative use upside
Restaurant $5.6M +52.4%
Retail stores $3.8M +2.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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