Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1044 Farmington Ave Berlin, CT 6037

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,150 /Mo

    Conveniently located apartment near restaurants, grocery stores, and shopping.

    Type:Multi Family
    Added:
    Apr 1, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 1 at 4:28 am

    Property Features for 1044 Farmington Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Catherine M. Thompson
    Catherine M. Thompson

    Listing agent Catherine M. Thompson

    Listing office

    Listing date Apr 1, 2026

    Source Elliman

    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 Catherine M. Thompson

    Overview

    Apartment in Heart of Berlin

    This apartment is located in the heart of Berlin. The property includes gas, water, electricity, garbage, and property maintenance, as well as in-unit laundry. Cable and renter's insurance are excluded. The property is located near local restaurants, grocery stores, and shopping. This rental is suitable for tenants using public transportation. The bike score is 20, indicating it is somewhat bikeable, and the walk score is 47, indicating it is car-dependent.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7605345
    Latitude
    41.6308032

    Nearby Similar for Lease

    • Contact for pricing

      Desirable Berlin Office Space

      Office space in high-demographic area, suitable for medical or professional.
      320 New Britain Rd 2, Berlin, CT 06037
      View Details
    • Contact for pricing

      Unique Loft Residence For Rent

      One-bedroom residence with den, loft, and modern finishes.
      414 Berlin Tpke 1410, Berlin, CT 06037
      View Details
    • Contact for pricing

      Berlin Duplex with Garage

      Spacious duplex with garage, walk-out basement, and outdoor space.
      57 Four Rod Rd, Berlin, CT 06037
      View Details
    • Contact for pricing

      Updated Apartment in Historic Berlin

      Spacious, updated 2-bedroom apartment near Berlin's historic district.
      883 Worthington Rdg 2nd Floor, Berlin, CT 06037
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office unit with 1060 square feet available for rent.
      9 Steele Boulevard, Berlin, CT 06037
      View Details
    • $9/mo

      Flex Space with Retail/Warehouse

      3,750 SF flex space with retail and warehouse components.
      2590 Berlin Tpke, Berlin, CT
      View Details
    • Contact for pricing

      Kensington Three-Bedroom Apartment For Rent

      Three-bedroom apartment in Kensington Village, near shops and transportation.
      861 Farmington Ave 2nd Floor, Berlin, CT 06037
      View Details
    • $6/mo

      Versatile Warehouse Space Available

      20,000 SF warehouse for lease, divisible to 5,000 SF.
      128 Old Brickyard Lane #5, Berlin, CT 06037
      View Details
    • $19/mo

      Professional Office Suites for Lease

      Premier office complex in Berlin, CT, with inclusive utilities.
      1224 Mill Street, Berlin, CT 06023
      View Details
    • Contact for pricing

      Office Condominium Space Available

      Office condominium with space available for rent in Berlin.
      37 Webster Sq Rd, Berlin, CT
      View Details
    • Contact for pricing

      800,000 SF Manufacturing Complex

      Manufacturing complex with industrial amenities, heavy power, and rail access.
      225 Episcopal Rd, Berlin, CT
      View Details
    • Contact for pricing

      Unfinished Flex Space For Rent

      Second floor flex space with private access and expansion potential.
      510 Christian Lane #U, Berlin, CT 06037
      View Details

    FAQs

    What type of property is this?
    Apartment building - Conveniently located apartment near restaurants, grocery stores, and shopping.
    Where is this apartment building located?
    The property is located at 1044 Farmington Ave Berlin, CT.
    What is the lease rate?
    The lease rate is $2,150 /Mo.
    What are key features of this property?
    This property features: Conveniently located in the heart of Berlin.; Includes all utilities (gas, water, electricity, garbage, and property maintenance).; In‑unit laundry.
    (860) 688-1868
    We can help!
    Listing Contact
    Catherine M. Thompson
    Catherine M. Thompson
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!