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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Specialty properties
959 Main St Stratford, CT 06615-7400
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US15-0344347
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,561 SF
Lot
1.4 ac (60,984 SF)
Zoning code
RM-1
APN
STRA M:40-6 B:10 L:2
UPID
US15-0344347
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
-
Obsidian Partnership Advertising Agency Marketing & Advertising
-
Stratford Dental Laboratory Dental Office
-
Ladies of Virtue Charitable Organization Advocacy Group
-
Manigo Realty Group, LLC Real Estate Agency
-
Dunbar Patient Transport Corporation Handicapped Transportation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$820k
Owner & transaction history
Covenant Life Ministry · 27 yrs held
Covenant Life Ministry
since 1998
3 recorded transactions
Zoning & alternative use
RM-1 · Stratford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of Stratford is divided into the following zoning districts, as described herein: Type of District District Name Abbreviation(s) Residential Single-Family Residence RS-1, RS-2, RS-3, RS-4 Two and Three Family Residence RM-1 Affordable Housing Affordable Housing Opportunity Zone AHOZ Housing Opportunity Development HOD Surf Avenue Housing Zone SAHZ Lordship B…
Zone name
Multifamily Residence
General category
RESIDENTIAL
Zone area
869.49 ac
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 Stratford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stratford 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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$38 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$48,477
Tax year 2022
Assessed value
$1,228,500
Assessed 2023
Previous assessed
$1,228,500
+0.0% YoY
Effective rate
3.95%
On assessed value
Assessed land
$323,400
Assessed improvement
$905,100
Applied tax rate
114.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
9
Total area
21,561 SF
Lot
1.4 ac (60,984 SF)
Zoning code
RM-1
APN
STRA M:40-6 B:10 L:2
UPID
US15-0344347
Jurisdiction
STRATFORD
Zoning & alternative use
RM-1 · Stratford, CTZoning RM-1 · permitted uses
RM-1 · Stratford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of Stratford is divided into the following zoning districts, as described herein: Type of District District Name Abbreviation(s) Residential Single-Family Residence RS-1, RS-2, RS-3, RS-4 Two and Three Family Residence RM-1 Affordable Housing Affordable Housing Opportunity Zone AHOZ Housing Opportunity Development HOD Surf Avenue Housing Zone SAHZ Lordship Boulevard Housing Zone LBHZ Commercial Limited Business (Civic Center) LB Limited Bu
Zone name
Multifamily Residence
General category
RESIDENTIAL
Zone area
869.49 ac
Building & site characteristics
From public records
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
9
Lot
1.4 ac
Current owner
From public records · entity-resolved
Covenant Life Ministry
Individual
Mailing address
611 ACCESS RD, STRATFORD, CT 06615-7360
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2013
—
Covenant Life Min INC
—
Deed Of Trust
related
$317,000 · Peoples Bank
Sep 1, 1998
$315,000
Covenant Life Ministry
Bilyard,arthur H JR
Warranty Deed
$280,000 · Peoples Bank
Jun 25, 1987
—
Arthur Bilyard JR.
—
Deed Of Trust
related
$1,200,000 · Peoples Bank
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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