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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Retail properties & Spaces
848 Farmington Ave Berlin, CT 06037-1453
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0688977
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Construction
STEEL FRAME
Total area
23,986 SF
Lot
4 ac (174,240 SF)
Zoning code
CCD-2
APN
BERL M:9-1 B:80 L:1
UPID
US15-0688977
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
-
Provision State Coffee Cafe & Coffee Shop
-
Team Turbina Capoeira Training Center Sports School
-
Scissors and Sarcasm- Kelly, Hair Artist Hair Salon
-
Dragon's Lair Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
The Color Platform Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Newport 848 Farmington · 6 yrs held
Newport 848 Farmington
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CCD-2 · Berlin, 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$1,290,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.25M (Jan 27 2020)
Last sale anchor
$1.25M
Jan 27 2020
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
$53 / 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
$60,379
Tax year 2023
Assessed value
$2,042,600
Assessed 2023
Previous assessed
$2,042,600
+0.0% YoY
Effective rate
2.96%
On assessed value
Assessed land
$431,400
Assessed improvement
$1,611,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
12
Bathrooms
12
Total area
23,986 SF
Lot
4 ac (174,240 SF)
Zoning code
CCD-2
APN
BERL M:9-1 B:80 L:1
UPID
US15-0688977
Jurisdiction
BERLIN
Zoning & alternative use
CCD-2 · Berlin, CT
Zoning CCD-2 · permitted uses
CCD-2 · Berlin, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berlin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
12
Bathrooms
12
Lot
4 ac
Current owner
From public records · entity-resolved
Newport 848 Farmington
Individual
Mailing address
710 MAIN ST STE #11, PLANTSVILLE, CT 06479-1565
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Newport 848 Farmington Ave
—
Deed
related
$3,250,000 · Thomaston Savings Bank
Oct 31, 2023
—
Newport 848 Farmington Av
—
Deed
related
$1,560,947 · Dept Of Econ And Cmnt
Jul 27, 2022
—
Newport 848 Farmington
—
Deed
related
$600,000 · Thomaston Savings Bank
Jul 21, 2020
—
Newport 848 Farmington
—
Deed
related
$36,068 · Miscellaneous Govt Agcy
Jan 27, 2020
$1,250,000
Newport 848 Farmington
Depot Crossing INC
Warranty Deed
$1,680,000 · Thomaston Savings Bank
May 19, 2014
—
Depot Crossing INC
—
Deed Of Trust
related
$40,000 · Berlin Town Of
Jan 23, 2014
—
Depot Crossing INC
Kensington Volunt Firemen
Quit Claim Deed
related
—
Jan 23, 2014
$500,000
Depot Crossing INC
New England Capital Gr
Warranty Deed
$2,100,000 · United Bank
Aug 27, 2012
$850,000
New England Cap Grp LLC
New England Cap Group LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
$26,712 · Juda J Epstein Law Offices
Nov 20, 2008
—
Depot Crossing LLC
—
Deed Of Trust
related
$650,000 · Penn Lyon Homes Corp
Oct 23, 2008
—
Depot Xing LLC
—
Deed Of Trust
related
$165,000 · Topper&griggs LLC
Jan 24, 2008
$550,000
Depot Crossing LLC
Ciammella Associates LLC
Warranty Deed
$350,000 · Epi Mortgage Center INC
—
—
Newport 848 Farmington
—
Deed Of Trust
related
$36,068 · Miscellaneous Govt Agcy
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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