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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Manufacturing properties
929 Riverside Dr North Grosvenordale, CT 06255-1702
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-0723185
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1872
Total area
52,128 SF
Lot
9.44 ac (411,206 SF)
Zoning code
NC
APN
THOM M:167 B:60 L:7
UPID
US15-0723185
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
-
Christopher Walch Photography Photography Service (Bike/Boat/Book/etc) Store
-
Pneu-Air Technology Factory Industrial Manufacturer
-
Northeast BMX Training Academy Cycling Facility
-
Northeast Marble & Granite - Bella Vitta Stone Enterprises, LLC Factory Production Facility
-
Convenient Graphics (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$980k
Owner & transaction history
River Mill Redevllc · 1 yrs held
River Mill Redevllc
since 2025
7 recorded transactions
Zoning & alternative use
NC · North Grosvenordale, 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 North Grosvenordale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Grosvenordale 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
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$19 / 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
$28,023
Tax year 2023
Assessed value
$1,077,800
Assessed 2023
Previous assessed
$1,077,800
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$223,000
Assessed improvement
$854,800
Applied tax rate
512.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1872
Heating
STEAM
Units
21
Total area
52,128 SF
Lot
9.44 ac (411,206 SF)
Zoning code
NC
APN
THOM M:167 B:60 L:7
UPID
US15-0723185
Jurisdiction
THOMPSON
Zoning & alternative use
NC · North Grosvenordale, CTZoning NC · permitted uses
NC · North Grosvenordale, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1872
Heating
STEAM
Units
21
Lot
9.44 ac
Current owner
From public records · entity-resolved
River Mill Redevllc
Individual
Mailing address
PO BOX 925, NORTH GROSVENORDALE, CT 06255-0925
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
River Mill Redevllc
929 Riverside Dr LLC
Warranty Deed
$2,500,000 · Rivside Dr Acquisitio
Mar 21, 2007
$1,100,000
929 Riverside Drive LLC
River Mill INC
Warranty Deed
—
May 18, 2000
—
Mill Ave River
—
Deed Of Trust
related
$282,000 · Enterprise Capital Corp
Sep 2, 1998
—
Shawn C Donohoe
—
Deed Of Trust
related
$45,000 · Town Of Thompson
Jul 11, 1997
—
River Urban Dev Corp
—
Deed Of Trust
related
$81,000 · Enterprise Capital Corp
May 23, 1996
—
River Mill INC
—
Deed Of Trust
related
$1,500,000 · Worth Funding INC
Oct 10, 1995
—
Ml Supply INC
—
Deed Of Trust
related
$12,000 · Town Of Thompson
Dec 5, 1994
—
Mill Supply INC
—
Deed Of Trust
related
$45,000 · Town Of Thompson
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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