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Property profile & analytics
FOR LEASE
Investment properties
96 Lebanon Ave REAR Colchester, CT 06415
Individually Owned
8-yr Hold
Property ID
US15-1348039
For Lease
1 / 8
$2,000/Mo
96 Lebanon Ave,Unit REAR, Colchester, CT 06415
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
2.4 ac (104,544 SF)
Zoning code
TC
APN
COLC M:022 B:000 L:047-000
UPID
US15-1348039
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
-
Berkshire Hathaway HomeServices New England Properties Real Estate Agency
-
Leo Duyan Realtor with Berkshire Hathaway Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tri Star Construction · 8 yrs held
Tri Star Construction
since 2018
7 recorded transactions
Zoning & alternative use
TC · Colchester, 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 Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,299
Tax year 2023
Assessed value
$525,300
Assessed 2023
Previous assessed
$525,300
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$126,400
Assessed improvement
$398,900
Applied tax rate
380.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
3
Units
2
Lot
2.4 ac (104,544 SF)
Zoning code
TC
APN
COLC M:022 B:000 L:047-000
UPID
US15-1348039
Jurisdiction
COLCHESTER
Zoning & alternative use
TC · Colchester, CT
Zoning TC · permitted uses
TC · Colchester, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colchester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
3
Units
2
Lot
2.4 ac
Current owner
From public records · entity-resolved
Tri Star Construction
Individual
Mailing address
41 BREEZY CORS RD, PORTLAND, CT 06480-1742
Ownership since
2018
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
Jun 27, 2025
—
Tri Star Construction LLC
—
Deed
related
$500,000 · Liberty Bank
Jan 11, 2018
$175,000
Tri Star Construction
Armetta Philip C Est
Executors Deed
$140,000 · Liberty Federal Bank
Jul 2, 2014
—
Philip C Armetta
Gmp Realty LLC
Quit Claim Deed
related
$75,000 · Mark A Balaban
Jul 29, 2009
—
Gmp Realty LLC
—
Deed Of Trust
related
$350,000 · Philip Armetta
Sep 16, 2004
—
Gmp Realty LLC
—
Deed Of Trust
related
$200,000 · Robert M Spitzler Tr
Dec 28, 1998
$489,600
Gmp Rlty LLC
Gadliauskas,walter
Grant Deed
—
Aug 28, 1991
$59,000
Phillip Schools
Paulman,leslie
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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