Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Chamberlain Hwy Berlin, CT 06037

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $359,900

    4.8 acres of land zoned POD, permitted for agriculture.

    Lot size:
    4.80 Acres

    Property Features for Chamberlain Hwy

    General Information

    Lot size
    4.80 Acres

    We can help!

    Listing Contact
    Derek E. Jutras
    Source: Elliman

    Listing Agent: Derek E. Jutras

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

    Learn more

    Property Insight Report

    Overview

    4.8 Acres of Agricultural Land

    The property consists of approximately 4.8 acres of land, zoned POD, with permitted use for agriculture as a matter of right per regulations. Currently, the land is utilized as a tree farm. There are three structures on the site, including an original building with a stone foundation located on the street, and two newer aluminum buildings, one of which is secureable with garage doors. A well is located on the property. Electricity is available at the street. Potential uses include a landscaper, nursery, or hobby farmer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Map

    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.789327
    Latitude
    41.635143

    Nearby Similar for Sale

    • $1,535,000
      Pending

      Berlin Commercial Building For Sale

      19,720 SF commercial building on 5.37 acres in Berlin, CT.
      119 White Oak Dr, Berlin, CT 06037
      View Details
    • $250,000

      Renovated Office Condo in Berlin

      Fully renovated 1,908 SF office condo for sale.
      363 New Britain Rd, Berlin, CT 06037
      View Details
    • $449,900

      Kensington Two-Family Home For Sale

      Unique two-family home in Kensington near transportation and amenities.
      720 Farmington Ave, Berlin, CT 06037
      View Details
    • $3,900,000
      35,270 SF

      Mill Street Development Opportunity

      35,270 SF in three buildings with development potential.
      1244 Mill St, Berlin, CT 06037
      View Details
    • $2,799,500
      21,119 SF

      Fully Leased Retail Investment Property

      Turn-key retail investment property, 100% leased with long-term tenants.
      892-900 Farmington Ave, Berlin, CT 06037
      View Details
    • $1,300,000
      4 SF

      Berlin Turnpike Retail Investment Opportunity

      4,301 SF retail building with high visibility on Berlin Turnpike.
      1474 Berlin Tpke, Berlin, CT 06037
      View Details
    • $389,900

      Homecrest Drive Specialty Property For Sale

      Specialty property available for purchase on Homecrest Drive.
      117 Homecrest Dr, Berlin, CT 06037
      View Details
    • $619,500

      Retail Property on Farmington Avenue

      Retail property for sale on Farmington Avenue, Berlin, CT.
      266 Farmington Ave, Berlin, CT 06037
      View Details
    • Contact for pricing
      33,056 SF

      Berlin Flex/Industrial Space Available

      33,056 SF flex/industrial property in Berlin, CT for sale.
      111 Christian Ln, Berlin, CT 06037
      View Details
    • $439,900

      Specialty Property in Berlin, CT

      Specialty property available for sale in Berlin, Connecticut.
      20 Penny Brook Ln, Berlin, CT 06037
      View Details
    • $1,750,000

      Berlin Specialty Property For Sale

      Specialty property available for purchase in Berlin, Connecticut.
      5 Hawks Lndg, Berlin, CT 06023
      View Details
    • $599,900

      Berlin Specialty Property For Sale

      Specialty property available for purchase in Berlin, Connecticut.
      305 Lincoln St, Berlin, CT 06037
      View Details

    FAQs

    What type of property is this?
    Farm - 4.8 acres of land zoned POD, permitted for agriculture.
    Where is this farm located?
    The property is located at Chamberlain Hwy Berlin, CT.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Approximately 5 acres of land (4.8 acres); - Zoned POD with agriculture as a permitted use; - Currently utilized as a tree farm
    (860) 883-7091
    Request Owner's contact information
    Chamberlain Hwy Berlin, CT 06037
    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.
    Chamberlain Hwy
    Berlin, CT 06037
    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
    Chamberlain Hwy Berlin, CT 06037
    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

    We can help!
    Listing Contact
    Derek E. Jutras
    (860) 883-7091
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.