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Property profile & analytics
OFF-MARKET
Estimated value
$13,940,000
Office buildings
9 Farm Spgs Rd, Farmington, CT 06032-2576
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0349602
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
101,056 SF
Lot
13.3 ac (579,348 SF)
Zoning code
PR
APN
FARM M:0132 B:H
UPID
US15-0349602
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.48M
Blend (final)
Blend
$13.94M
Owner & transaction history
Hartford Healthcare Corp · 3 yrs held
Hartford Healthcare Corp
since 2023
Last sale
$14.3M
7 recorded transactions
Zoning & alternative use
PR · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.3M
+52.4%
Retail stores
$11.6M
+2.6%
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
$13,785,000
ML approach
$8,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,335,000
Current use
RESTAURANT
$17,280,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$11,630,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,135,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,550,000
Change: -16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,290,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$13.94M
Range $12.55M – $15.33M · ±10% · vs last sale $14.25M (Mar 3 2023)
Last sale anchor
$14.25M
Mar 3 2023
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
$138 / 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
$235,404
Tax year 2023
Assessed value
$9,723,420
Assessed 2023
Previous assessed
$9,723,420
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,512,840
Assessed improvement
$8,210,580
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Total area
101,056 SF
Lot
13.3 ac (579,348 SF)
Zoning code
PR
APN
FARM M:0132 B:H
UPID
US15-0349602
Jurisdiction
FARMINGTON
Zoning & alternative use
PR · Farmington, CT
Zoning PR · permitted uses
PR · Farmington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.3M
RESTAURANT
Est. value
$17.3M
RETAIL STORES
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
13.3 ac
Current owner
From public records · entity-resolved
Hartford Healthcare Corp
Entity
Mailing address
9 FARM SPGS RD, FARMINGTON, CT 06032-2576
Ownership since
2023
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 3, 2023
$14,250,000
Hartford Healthcare Corp
Milton 9 Farm Spr LLC
Quit Claim Arm's Length For Ne States
—
Nov 7, 2019
—
Milton 9 Farm Springs LLC
First Majestic Pt INC
Quit Claim Deed
related
$11,600,000 · Ubs Ag Tampa Br
Sep 7, 2018
$14,250,000
First Majestic Propert
Lancdon LLC
Warranty Deed
$8,475,000 · Berkshire Bank
Dec 30, 2008
$1
Lancdon LLC
Farm Springs Assoc LP
Grant Deed
related
—
Jan 3, 1997
—
Farm Springs Assoc LP
—
Deed Of Trust
related
$13,800,000 · Bank Julius Baer & Co
—
—
9 Farm Spring Re LLC
—
Deed Of Trust
related
$1,000,000 · World Busn Lenders
—
—
First Majestic
—
Deed Of Trust
related
$4,000,000 · Revere High Yield Fund LP
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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