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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Industrial properties
8 Heritage Park Rd Clinton, CT 06413-1836
Entity Owned
10-yr Hold
Free & Clear
Property ID
US15-0939302
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
STEEL FRAME
Total area
32,000 SF
Lot
1.95 ac (84,942 SF)
Zoning code
I-2
APN
CLIN M:77 B:59 L:H-4
UPID
US15-0939302
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
-
Kenyon International Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.26M
Owner & transaction history
66 Indiane Field Road LLC · 10 yrs held
66 Indiane Field Road LLC
since 2016
5 recorded transactions
Zoning & alternative use
I-2 · Clinton, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Industrial District 2
General category
INDUSTRIAL
Zone area
371.29 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$3.4M
+27.6%
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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
INDUSTRIAL (GENERAL)
$2,665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,400,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$70 / 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
$34,349
Tax year 2023
Assessed value
$1,151,500
Assessed 2023
Previous assessed
$1,151,500
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$163,800
Assessed improvement
$987,700
Applied tax rate
254.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
32,000 SF
Lot
1.95 ac (84,942 SF)
Zoning code
I-2
APN
CLIN M:77 B:59 L:H-4
UPID
US15-0939302
Jurisdiction
CLINTON
Zoning & alternative use
I-2 · Clinton, CTZoning I-2 · permitted uses
I-2 · Clinton, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Industrial District 2
General category
INDUSTRIAL
Zone area
371.29 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
66 Indiane Field Road LLC
Entity
Free & Clear · 10 yrs held
Mailing address
144 MILBANK AVE, GREENWICH, CT 06830-6626
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2016
—
66 Indiane Field Road LLC
Heritage Park Props LLC
Warranty Deed
related
—
Mar 7, 2013
—
Heritage Park Props LLC
—
Deed Of Trust
related
$1 · Sussex Bk
Aug 11, 2003
$1,100,000
Heritage Park Propert LLC
Pw Properties LLC
Warranty Deed
$880,000 · Zuckerman Family Nomi
Mar 25, 2002
—
Pw Prop LLC
—
Deed Of Trust
related
$250,000 · Ggi Prop INC
Aug 12, 1996
$1,300,000
Pw Properties LLC
Rock Investment Co
Warranty Deed
$768,750 · First Union Bk Of Ct
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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