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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Showrooms
98 Ft Path Rd Madison, CT 06443-2264
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-1020897
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Construction
STEEL FRAME
Total area
40,000 SF
Lot
4.99 ac (217,364 SF)
Zoning code
LI
APN
MADI M:37 B:5
UPID
US15-1020897
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
-
USI, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.38M
Owner & transaction history
98 Fort Parth Ent LLC · 6 yrs held
98 Fort Parth Ent LLC
since 2020
7 recorded transactions
Zoning & alternative use
LI · Madison, 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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,630,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$59 / 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
$44,131
Tax year 2023
Assessed value
$1,472,500
Assessed 2023
Previous assessed
$1,472,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$310,400
Assessed improvement
$1,162,100
Applied tax rate
328.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
40,000 SF
Lot
4.99 ac (217,364 SF)
Zoning code
LI
APN
MADI M:37 B:5
UPID
US15-1020897
Jurisdiction
MADISON
Zoning & alternative use
LI · Madison, CT
Zoning LI · permitted uses
LI · Madison, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.6M
AUTO REPAIR, GARAGE
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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
98 Fort Parth Ent LLC
Entity
Mailing address
98 FT PATH RD, MADISON, CT 06443-2264
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 22, 2020
—
98 Fort Parth Ent LLC
—
Deed
related
$2,640,000 · Chelsea Groton Bank
Oct 24, 2018
—
98 Ft Path Ent LLC Trust
—
Deed
related
$500,000 · Savings Institute
Sep 30, 2010
—
98 Fort Path Ent LLC
—
Deed Of Trust
related
$400,000 · Peoples Bank
Aug 3, 2006
—
98 4th Path Road Ent
—
Deed Of Trust
related
$1,851,000 · Deborah H Anderson
Jan 2, 2004
—
98 Fort Path Enterpri LLC
—
Deed Of Trust
related
$800,000 · Peoples Bank
Apr 11, 2003
—
98 Fort Path Enterprs LLC
—
Deed Of Trust
related
$250,000 · Dime Savings Bank Norwich
Sep 26, 2002
—
98 Fort Path Ent LLC
—
Deed Of Trust
related
$1,850,000 · Peoples Bank
—
—
98 Ft Path Ent LLC Trust
—
Deed Of Trust
related
$500,000 · Savings Institute
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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