Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Established Tavern with Growth Potential Title is generated by Realmo AI

    1 Wall Street, Cromwell, CT 06416

    View on Map
    Claim this Listing
    For Sale
    $489,500

    Family-owned tavern/sports bar with growth potential, renovated with outdoor patio.

    Type:Commercial
    Property size:
    6,425 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $76/SF
    Added:
    Sep 15, 2025
    Days on Market:
    264
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 1 Wall Street

    General Information

    Standard status
    Active
    Size
    6,425 SF
    Lot size
    0.29 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    RICHARD ZIFF

    Listing agent RICHARD ZIFF

    Listing office Agnelli Real Estate

    Listing date Sep 15, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Agnelli Real Estate

    HighLights

    • Recently renovated with a well‑appointed 18‑person bar and 60‑person dining room
    • Includes an outdoor patio that hosts 40 people
    • Cafe License with casual food menu
    • Offers lunch and dinner service
    • Includes an upstairs 1‑room apartment with bath/shower
    • Features live entertainment

    Overview

    This family-owned tavern and sports bar, known as Rail 99, offers lunch and dinner service, weekly specials, live entertainment, and an outdoor patio. The business holds a cafe license and features a casual food menu. The property has been recently renovated and includes a well-appointed bar with seating for 18 people, a dining room that accommodates 60 people, and an outdoor patio with space for 40 patrons. Additionally, the property includes an upstairs 1-room apartment with a bathroom and shower. The property has a total size of 6425 square feet. There is potential for marketing growth, especially through local partnerships and a stronger digital presence. Well-executed promotions and community engagement could increase foot traffic, repeat visits, and seasonal event volume.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rail 99 Tavern Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rail 99 Tavern — 1 Wall St, Cromwell, CT 06416
    • Deep River Distillers — 10 bellaire manor, cromwell, ct 06416

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6447
    Latitude
    41.5951

    Nearby Similar for Sale

    • $395,000

      Cromwell Executive Center Office Unit

      Meticulously maintained office unit in a prime business hub.
      75 Berlin Rd STE 101, Cromwell, CT 06416
      View Details
    • $1,500,000
      11,602 SF

      Medical Office Building in Cromwell

      Purpose-built medical office building with income potential.
      30 Country Squire Dr, Cromwell, CT 06416
      View Details
    • $1,500,000
      11,602 SF

      Medical Office Building For Sale

      Purpose-built medical office building with income potential.
      30 Country Squire Drive, Cromwell, CT 06416
      View Details
    • $395,000
      2,253 SF

      Cromwell Executive Center Office Unit

      Meticulously maintained office unit in prime business hub.
      75 Berlin Road #STE 101, Cromwell, CT 06416
      View Details
    • $120,000
      1,000 SF

      Established Deli Business For Sale

      Well-established deli in prime location with loyal customer base.
      34 Shunpike Road, Cromwell, CT 06416
      View Details
    • Contact for pricing
      1,000 SF

      Commercial Space Near Town Lines

      Commercial space in high-traffic area near major highways.
      241 Shunpike Road, Cromwell, CT 06416
      View Details
    • $1,920,000
      14,220 SF

      Industrial Building with Air Conditioning

      14,220 SF industrial building on 2.14 acres for lease.
      10 County Line Dr, Cromwell, CT
      View Details
    • $2,500,000
      4,378 SF

      Restaurant and Retail Opportunity

      Two buildings on 0.51 acres with ample parking.
      198-200 West Street, Cromwell, CT 06416
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Family-owned tavern/sports bar with growth potential, renovated with outdoor patio.
    Where is this bar & pub located?
    The property is located at 1 Wall Street Cromwell, CT.
    What is the asking price?
    The asking price for this property is $489,500.
    What are key features of this property?
    This property features: Recently renovated with a well‑appointed 18‑person bar and 60‑person dining room; Includes an outdoor patio that hosts 40 people; Cafe License with casual food menu
    (860) 633-4000
    We can help!
    Listing Contact
    RICHARD ZIFF
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1 Wall Street, Cromwell, CT 06416
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!