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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Retail space
898 Silas Deane Hwy 904 Wethersfield, CT 06109-3412
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US15-0164078
Property summary
AI-generated overview
This exceptional 18,434 square foot shopping center, located at 898 Silas Deane Highway in Wethersfield, Connecticut (zip code 06109), presents a compelling investment opportunity. The property, a two-story, multi-tenant retail plaza, boasts five units currently operating at 100% occupancy, generating a strong cash flow. Built in 1967 and extensively renovated in 2022, this Class A retail space features a brand new roof and updated mechanical systems, minimizing future maintenance needs and maximizing passive income potential. The stabilized investment, categorized as a value-add opportunity, is offered at $1,975,000, translating to a price per square foot of $107.14. Leases are structured on a gross basis, simplifying management. Situated in Hartford County, this property benefits from its high-traffic location on Silas Deane Highway, ensuring consistent visibility and accessibility for tenants and customers. The recent 100% lease-up demonstrates the strong demand for retail space in this desirable area. This is an ideal investment for those seeking a low-maintenance, high-return property with significant upside potential.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,916 SF
Lot
0.83 ac (36,155 SF)
Zoning code
RC
APN
WETH M:227 B:002
UPID
US15-0164078
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
-
Opulent Retreat Salon & Suites Hair Salon Nail Salon
-
Euphoria Loft - Event Venue Hotel & Motel Resort
-
The Connecticut Team Advertising Agency Marketing & Advertising
-
One Stop Litigation Services, LLC (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.09M
Owner & transaction history
898 Wethersfield LLC · 8 yrs held
898 Wethersfield LLC
since 2017
7 recorded transactions
Zoning & alternative use
RC · Wethersfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+69.3%
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 Wethersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wethersfield 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
RETAIL STORES
$1,000,000
Current use
RESTAURANT
$1,695,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$870,000
Change: -13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$110 / 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
$42,021
Tax year 2023
Assessed value
$1,005,780
Assessed 2023
Previous assessed
$1,005,780
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$437,500
Assessed improvement
$568,280
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
9,916 SF
Lot
0.83 ac (36,155 SF)
Zoning code
RC
APN
WETH M:227 B:002
UPID
US15-0164078
Jurisdiction
WETHERSFIELD
Zoning & alternative use
RC · Wethersfield, CT
Zoning RC · permitted uses
RC · Wethersfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wethersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$870,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
898 Wethersfield LLC
Entity
Mailing address
125 PIERSON DR, WALLINGFORD, CT 06492-2064
Ownership since
2017
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
Aug 14, 2017
$1,450,000
898 Wethersfield LLC
Origen Wethersfield Ll
Warranty Deed
$1,087,500 · Webster Bank
Jan 22, 2014
$930,000
Origen Wethersfield LLC
Kirwin LLC
Committee
—
Aug 4, 2008
—
Kirwin LLC
—
Deed Of Trust
related
$675,000 · Connecticut Inv Corp
Jun 4, 2008
$1
Kirwin LLC
Wethersfield Town Of
Grant Deed
related
—
Dec 9, 2004
$500,000
Casual Group Realty LLC
Wilder,robert T
Warranty Deed
$880,000 · Wachovia Bank NA
Mar 5, 2004
$500,000
Casual Grp Realty LLC
Teitelman,sidney
Grant Deed
$500,000 · Zenon Grzybowski
Apr 19, 1994
—
Sid Teitelman
—
Deed Of Trust
related
$1,000,000 · Robert T Wilder
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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