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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Industrial properties
96 Elm St Manchester, CT 06040-5988
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0352117
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,572 SF
Lot
1.45 ac (63,162 SF)
Zoning code
IND
APN
MANC M:79 B:1940 L:96
UPID
US15-0352117
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
-
Otter Self Storage Storage Facility
-
Veneer Works General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.97M
Owner & transaction history
Elm Manchester LP · 4 yrs held
Elm Manchester LP
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
IND · Manchester, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1,504.20 ac
Source
Realmo
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
$1,945,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,105,000
Current use
WAREHOUSE, STORAGE
$2,095,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.00M (Aug 27 2021)
Last sale anchor
$2.00M
Aug 27 2021
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
$52 / 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
$24,831
Tax year 2023
Assessed value
$667,500
Assessed 2023
Previous assessed
$667,500
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$113,700
Assessed improvement
$553,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
4
Total area
37,572 SF
Lot
1.45 ac (63,162 SF)
Zoning code
IND
APN
MANC M:79 B:1940 L:96
UPID
US15-0352117
Jurisdiction
MANCHESTER
Zoning & alternative use
IND · Manchester, CTZoning IND · permitted uses
IND · Manchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas
Zone name
Industrial
General category
INDUSTRIAL
Zone area
1,504.20 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
4
Lot
1.45 ac
Current owner
From public records · entity-resolved
Elm Manchester LP
Entity
Mailing address
96 ELM ST, MANCHESTER, CT 06040-5988
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
—
Elm Manchester LP
—
Deed
related
$29,000,000 · Ubs Bank USA
Aug 27, 2021
$2,000,000
Elm Manchester LP
Roseman Properties LLC
Warranty Deed
—
Mar 31, 2008
—
Roseman Properties LLC
—
Deed Of Trust
related
$956,000 · Peoples Bank
Apr 10, 2007
$162,500
Roseman Prop LLC
Mitchell,lynda Terry
Warranty Deed
—
Apr 10, 2007
$325,000
Roseman Properties LLC
Gerstein,shirley M
Grant Deed
—
Apr 10, 2007
$1
Roseman Properties LLC
Gerstein Family Ptnshp
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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