Stantack Rd Middletown, CT 06457
R-45 and R-60 zones, and in the R-30 zones only where R- 45 zoning is required due to water and sewer requirements and in the R-1 zone next to an R-30 zone (see §2.3.4.1 Water and Sewer Requirements). A LLES shall consist of no more than 20 lots all of which meet all zoning and subdivision regulations with the exception of the specific provisions as articula…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
R-60 · Middletown, CTR-45 and R-60 zones, and in the R-30 zones only where R- 45 zoning is required due to water and sewer requirements and in the R-1 zone next to an R-30 zone (see §2.3.4.1 Water and Sewer Requirements). A LLES shall consist of no more than 20 lots all of which meet all zoning and subdivision regulations with the exception of the specific provisions as articulated in this section. Zoning Code of the City of Middletown, Connecticut V-38 2. Purpose. The purpose of the LLES provision in the Zoning Code is to encourage and allow for creative and more flexible site planning and building placement and more efficient and economical land development. Furthermore, the provision is designed to provide for greater open space preservation and the preservation and\or conservation and enhancement of the sites existing natural features and resources. As a means of achieving the above stated purpose, variations in the existing codes may be allowed. The following codes and requirements may be varied or reduced: 1. Lot frontage (max 50 % reduction); 2. Lot shape requirements; 3. Rear yard setback requirements (max 50 % reduction); 4. Max. length -dead end streets (no greater than 2,000 ft.); The primary objective of the LLESS is to allow a more environmentally sensitive approach to conventional land subdivision by allowing for the provision of private roads in the outlying rural sections of the city. 3. Procedure. The applicant shall follow the procedure as outlined in §5.6.8.35.3 Requirements. In addition to the general special exception criteria in §5.6 Findings the Commission shall find that the proposal satisfies the criteria as listed in §5.6.8.35.2 Procedure with the exception of #1. In addition the Commission shall find that the specific purpose and design objectives of the LLESS are being achieved. 4. Requirements. The requirements for this proposal shall be those as articulated in §5.6.8.35.3 Requirements. 5. Standards. In addition to §5.6.8.35.2.2 through
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.