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Property profile & analytics
OFF-MARKET
Estimated value
$11,900,000
Office buildings
8 Farm Spgs Rd, Farmington, CT 06032-2526
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US15-0957651
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
106,295 SF
Lot
10.53 ac (458,687 SF)
Zoning code
PR
APN
FARM M:0132 B:K
UPID
US15-0957651
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
$13.78M
Blend (final)
Blend
$11.90M
Owner & transaction history
8 Farm Springs Fee Owner · 7 yrs held
8 Farm Springs Fee Owner
since 2018
6 recorded transactions
Zoning & alternative use
PR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.2M
+52.4%
Retail stores
$12.2M
+2.6%
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
OFFICE BUILDING
$11,925,000
Current use
RESTAURANT
$18,175,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$12,235,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,660,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,045,000
Change: -16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,770,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$11.90M
Range $10.71M – $13.09M · ±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
$112 / 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
$240,647
Tax year 2023
Assessed value
$9,940,000
Assessed 2023
Previous assessed
$9,940,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,197,770
Assessed improvement
$8,742,230
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Total area
106,295 SF
Lot
10.53 ac (458,687 SF)
Zoning code
PR
APN
FARM M:0132 B:K
UPID
US15-0957651
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.9M
RESTAURANT
Est. value
$18.2M
RETAIL STORES
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
OFFICE BUILDING Current
RESTAURANT
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
10.53 ac
Current owner
From public records · entity-resolved
8 Farm Springs Fee Owner
Individual
Mailing address
1875 CENTURY PARK E STE #800, LOS ANGELES, CA 90067-2525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2018
$20,350,000
8 Farm Springs Fee Owner
Farm Springs Road LLC
Warranty Deed
related
$18,979,627 · Wells Fargo Bk
Aug 30, 2011
—
Farm Springs Road LLC
—
Deed Of Trust
related
$10,000,000 · Manufacturers Traders & Trust
Mar 3, 2008
$23,300,000
Farm Springs Road LLC
8 Farm Spgs Rd Assoc LLC
Warranty Deed
related
—
Aug 13, 1997
—
Eight Farm Spring Road
—
Deed Of Trust
related
$20,142,693 · First Union National Bank
Mar 8, 1996
$3,750,000
Farm Springs Rd Eight
Aetna Life Ins Co
Warranty Deed
$2,812,500 · Aetna Life & Casualty
Mar 25, 1992
—
Farm Springs Assoc LP
—
Deed Of Trust
related
$25,329,687 · Zuckerman Family Nomi
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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