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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Investment properties
89 Broad St Middletown, CT 06457-3236
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0850006
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1936
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,048 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MXC
APN
MTWN M:24 L:0103
UPID
US15-0850006
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
-
APEX INTL LLC Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$550k
Owner & transaction history
Shawn Mclaughlin · 4 yrs held
Shawn Mclaughlin
since 2022
Last sale
$577,000
7 recorded transactions
Zoning & alternative use
MXC · Middletown, 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$555,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $577k (Mar 14 2022)
Last sale anchor
$577k
Mar 14 2022
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
$109 / 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
$13,508
Tax year 2023
Assessed value
$384,850
Assessed 2023
Previous assessed
$384,850
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$149,730
Assessed improvement
$235,120
Applied tax rate
250.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1936
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Total area
5,048 SF
Lot
0.34 ac (14,810 SF)
Zoning code
MXC
APN
MTWN M:24 L:0103
UPID
US15-0850006
Jurisdiction
MIDDLETOWN
Zoning & alternative use
MXC · Middletown, CT
Zoning MXC · permitted uses
MXC · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
COMMERCIAL (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
1936
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Shawn Mclaughlin
Individual
Mailing address
89 BROAD ST, MIDDLETOWN, CT 06457-3236
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
$577,000
Shawn Mclaughlin
Austin Sheridan
Warranty Deed
$432,750 · Sprout Mortgage LLC
Mar 14, 2022
—
Bridgeview Properties LLC
Shawn Mclaughlin
Quit Claim Deed
related
—
Jan 13, 2010
—
Austin Sheridan
—
Deed Of Trust
related
$220,000 · Sovereign Bank
Jan 18, 2006
$300,000
Austin Sheridan
King-whitehead LLC
Warranty Deed
$240,000 · First New Eng Mtgcorp
Apr 28, 1998
$124,364
King Whitehead LLC
Cannata,natalino
Grant Deed
$145,000 · Liberty Bank
Apr 28, 1998
$17,764
King Whitelead LLC
Cannata Salvatore Est
Grant Deed
—
Feb 20, 1997
$16,222
Natalino Cannata
Cannata John P Est
Grant Deed
related
—
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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