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

    15 Washington St Plainville, CT 06062

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,550,000

    Industrial building with eight units and excellent tenants.

    Lot size:
    2.52 Acres

    Property Features for 15 Washington St

    General Information

    Lot size
    2.52 Acres

    Building Details

    Year built
    1917

    We can help!

    Listing Contact
    Diego L. Quintero
    Source: Elliman

    Listing Agent: Diego L. Quintero

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

    Learn more

    Property Insight Report

    Overview

    Industrial Building Near Route 72

    This industrial building is located south of the Route 72 on/off ramp, providing connections to Route 84. The property contains eight units with tenants. The building is being offered at a capitalization rate of 10.84%. The owner is open to a leaseback arrangement with extended lease terms. A bundle sale with the neighboring property is a possibility. A proforma is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abrasive Service Co Manufacturer Jas Tool Co ... Machine Shop ASC Industrial Air ... Air Filter Supplier Torchlight Graphics Screen Printing Shop Hill Industries LLC Metal Stamping Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.875855
    Latitude
    41.672149

    Nearby Similar for Sale

    • $1,950,000
      20,199 SF

      Adaptable Commercial Property in Plainville

      Spacious commercial property in high-traffic area, suitable for various ventures.
      151 East St, Plainville, CT 06062
      View Details
    • $399,900
      Pending

      Two Homes on Single Lot

      Two homes on one lot, ideal for family or investment.
      61 South Washington St, Plainville, CT 06062
      View Details
    • $120,000
      1,055 SF

      Plainville Office Space For Sale

      Commercial space in downtown Plainville with multiple offices.
      55 Whiting St, Plainville, CT 06062
      View Details
    • $389,900
      Pending

      Updated Two-Family Home in Plainville

      Well-maintained two-family property with updated units, ideal for owners.
      32 Woodland St, Plainville, CT 06062
      View Details
    • $299,000
      Pending

      Updated Brick Two-Family Ranch

      Well-maintained, updated two-family ranch with income potential in Plainville.
      150 Stillwell Dr, Plainville, CT 06062
      View Details
    • $1,625,000

      Plainville Mixed-Use Investment Opportunity

      13-unit mixed-use property with 12 apartments and 1 commercial unit.
      77 E Main St, Plainville, CT 06062
      View Details
    • $2,750,000
      32,830 SF

      Mixed-Use Property in Downtown Plainville

      Mixed-use property with residential and retail units in Plainville.
      1 Whiting St, Plainville, CT 06062
      View Details
    • $299,000
      1,210 SF

      Updated Retail Space in Plainville

      Prime commercial space in a high-traffic area, suitable for retail.
      350 Farmington Ave, Plainville, CT 06062
      View Details
    • $989,900

      Plainville Multifamily Investment Opportunity

      Eight-unit property with income and growth potential in Plainville, CT.
      452 East St, Plainville, CT 06062
      View Details
    • $614,900

      Plainville Multifamily Investment Opportunity

      Five-unit property in downtown Plainville near ESPN headquarters.
      122 W Main St, Plainville, CT 06062
      View Details
    • $329,888

      Updated Office Space in Plainville

      Modern office space with open layout, conference room, and parking.
      90 Whiting St, Plainville, CT 06062
      View Details
    • $2,700,000
      23,000 SF

      Retail Plaza For Sale

      Retail plaza with 93% occupancy and excellent visibility.
      58-62 East St, Plainville, CT 06062
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Industrial building with eight units and excellent tenants.
    Where is this manufacturing property located?
    The property is located at 15 Washington St Plainville, CT.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - 10.84% Cap Rate; - Excellent tenants in place; - Strategic location near Route 72 on/off ramp with quick access to Route 84
    (203) 200-7030
    Request Owner's contact information
    15 Washington St Plainville, CT 06062
    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.
    15 Washington St
    Plainville, CT 06062
    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
    15 Washington St Plainville, CT 06062
    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
    Diego L. Quintero
    (203) 200-7030
    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.