Office Unit With Drive-In
For Sale
$289,900
152 Rockwell Road, Newington, CT 06111
Commercial For Sale, Newington, CT
Property Size2,130 SF
Price / SF$136.10
Days on Market19
Property Features for 152 Rockwell Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PD
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Exterior features
Loading Dock/Well,Loading Dock/Grade
Lot features
Level Lot, On Cul- De- Sac
Directions
Go up 152 Rockwell, last building first unit, MKM Importers on Door
Standard status
Active
Size
2,130 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3644
HOA Fee
$350 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
loading dock access
overhead drive-in garage door
Building Details
Year built
1988
Floors in Building
1
Listing Agency:
RE/MAX Precision Realty · RE/MAX International
(860) 808-2000
Listed By:
Patrick Juvencio · License #RES.0818593
(860) 808-2000
Added: Aug 13
Changed: Aug 30
Last Checked: Aug 31 at 5:06AM
MLS# 24198893
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,130-square-foot office unit is located within a multi-tenant flex complex and features a functional layout for professional operations. The suite offers four private offices, a dedicated conference area, reception space, a private restroom, and an eat-in kitchen and break room with oak cabinetry, stainless appliances, and an island with bar seating. Interior finishes include luxury vinyl flooring, neutral paint, recessed lighting, and drop ceilings. A custom reception desk and stone-tile feature wall add defined entry-area finishes.
The unit includes loading dock access and an overhead drive-in garage door for moving vehicles, equipment, or freight. The property is situated in a professional business park with on-site parking and access to public water and public sewer. Central air is provided, and the building was constructed in 1988. PD zoning applies to the property.
The unit includes loading dock access and an overhead drive-in garage door for moving vehicles, equipment, or freight. The property is situated in a professional business park with on-site parking and access to public water and public sewer. Central air is provided, and the building was constructed in 1988. PD zoning applies to the property.
Key Highlights
- 2,130‑square‑foot office unit in a multi‑tenant flex complex
- Four private offices plus reception, conference, kitchen, break room, and private restroom
- Loading dock access and overhead drive‑in garage door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,009
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,180
$480.2K
Cap Rate 7%
$342,986
$343.0K
Cap Rate 9%
$266,767
$266.8K
Market Conditions
NOI Build-Up for 2,130 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.3K $17.04/SF
− Vacancy
−$2.0K −$0.94/SF
EGI
$34.3K $16.10/SF
− OpEx
−$10.3K −$4.83/SF
NOI
$24.0K $11.27/SF
Area
Hartford, CT
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,180
Cap Rate 7%
$342,986
Cap Rate 9%
$266,767
Alternative Uses
Best Use
Office B
$472.0K
$413.0K – $550.7K
NOI $33,039 @ 7.0% cap · market cap 11.40%
Second Best
Flex RnD
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 9.70%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,443 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 06111, CT
30,536
Population
13,334
Households
2.3
Avg Household Size
45
Median Age
40%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,349
Density / Sq Mi
$98,585
Median Household Income
$54,916
Median Earnings
$1,487
Median Rent
$279,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally finished suite includes private offices, conference space, kitchen, and restroom.
Where is this office units located?
The property is located at 152 Rockwell Road Newington, CT.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,130‑square‑foot office unit in a multi‑tenant flex complex; Four private offices plus reception, conference, kitchen, break room, and private restroom; Loading dock access and overhead drive‑in garage door
