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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Apartment buildings
850 Parker St, Manchester, CT 06042-2281
Entity Owned
24-yr Hold
Property ID
US15-0415586
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2002
Total area
6,204 SF
Lot
9.48 ac (412,949 SF)
Zoning code
RM
APN
MANC M:88 B:4430 L:850
UPID
US15-0415586
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
-
Birch Meadow Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$615k
Owner & transaction history
Meadow LP Birch · 24 yrs held
Meadow LP Birch
since 2002
7 recorded transactions
Zoning & alternative use
RM · Manchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$715,000
+21.6%
Office building
$685,000
+16.5%
Auto repair, garage
$620,000
+6.0%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$585,000
Current use
RETAIL STORES
$715,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$620,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$99 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$167,829
Tax year 2024
Assessed value
$4,338,900
Assessed 2024
Previous assessed
$4,338,900
+0.0% YoY
Effective rate
3.87%
On assessed value
Assessed land
$1,029,000
Assessed improvement
$3,309,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Buildings
9
Units
5
Total area
6,204 SF
Lot
9.48 ac (412,949 SF)
Zoning code
RM
APN
MANC M:88 B:4430 L:850
UPID
US15-0415586
Jurisdiction
MANCHESTER
Zoning & alternative use
RM · Manchester, CT
Zoning RM · permitted uses
RM · Manchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$585,000
RETAIL STORES
Est. value
$715,000
OFFICE BUILDING
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$555,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2002
Heating
FORCED AIR
Cooling
Yes
Buildings
9
Units
5
Lot
9.48 ac
Current owner
From public records · entity-resolved
Meadow LP Birch
Entity
Mailing address
PO BOX 973, ROCKY HILL, CT 06067-0973
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2002
$745,000
Meadow LP Birch
Eastern Hghlds Dev Grp
Warranty Deed
$593,730 · Zuckerman Family Nomi
Sep 16, 1994
$275,000
Eastern Highland Dev
Fdic
Grant Deed
—
Sep 23, 1993
—
Jhm Realty Co
—
Deed Of Trust
related
$500,000 · Peoples Bank
Mar 21, 1989
$151,371
Eleanor M Fenton
Multitech Ne INC
Grant Deed
$109,900 · Peoples Bank
Mar 3, 1989
$140,640
Vici J Amoroso
Multitech Ne INC
Grant Deed
$125,000 · Home Funding Corp
Feb 27, 1989
$139,900
James Mcnally JR.
Multitech Ne INC
Grant Deed
$125,900 · Home Funding Corp
Feb 7, 1989
$141,200
Lau Melody-casasanta
Multitech Ne INC
Grant Deed
$125,900 · Dime Real Estate Services
Dec 6, 1988
$129,938
John H Mumford
Multitech New Eng
Grant Deed
$116,150 · Boston Five Mortgage
Dec 2, 1988
$140,653
Stewart R Smith
Multitech New Eng
Grant Deed
$111,900 · Dime Real Estate Services
Dec 1, 1988
$139,900
Saly B Robinson
Multitech New Eng
Grant Deed
$109,600 · Boston Five Mortgage
Nov 29, 1988
$130,655
David F Garnes
Multitech New Eng
Grant Deed
$116,150 · Boston Five Mortgage
Nov 8, 1988
$140,692
John E Spinosa
Multitech New Eng
Grant Deed
$125,900 · Dime Real Estate Services
Nov 7, 1988
$151,007
Albert T Smith
Multitech New Eng
Grant Deed
$134,000 · Ct National Mortgage Co
Nov 3, 1988
$142,230
Thomas G Francis
Multitech New Eng
Grant Deed
$118,900 · Ct National Mortgage Co
Oct 31, 1988
$139,900
Fat Yui Yin
Multi-tech Ne INC
Grant Deed
$109,900 · Dime Real Estate Services
Oct 11, 1988
$139,900
Joseph A Gallant
Multitech New Eng
Grant Deed
$95,000 · United Bank & Trust Co
Sep 16, 1988
$129,900
Mary Frances Mazza
Multitech New Eng
Grant Deed
$103,900 · United Bank & Trust Co
Sep 14, 1988
$139,900
John A Lampson
Multitech New Eng
Grant Deed
$111,900 · Dime Real Estate Services
Aug 29, 1988
$140,655
Laura B Jamieson
Multitech New Eng
Grant Deed
$121,500 · Dime Real Estate Services
Aug 2, 1988
$130,958
Dominic G Stroud
Multitech New Eng
Grant Deed
$117,800 · Dime Real Estate Services
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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