Add Listing
    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

    60 Central Ave Bloomfield, CT 06002

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $349,900

    Well-maintained industrial building with office space and vacant lot.

    Lot size:
    0.49 Acres

    Property Features for 60 Central Ave

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.49 Acres

    Building Details

    Year built
    1992

    We can help!

    Listing Contact
    Michael Truong
    Source: Elliman

    Listing Agency: eXp Realty Listing Agent: Michael Truong

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

    Learn more

    Overview

    Industrial Building with Office Space

    This well-maintained industrial building, constructed in 1992, offers 3,768 square feet of space on a 0.49-acre lot. Zoned I-2 for general mixed-use industrial purposes, the property features both warehouse and office areas. The office space includes two private offices, a reception area, a break area, a restroom, and central air conditioning. The warehouse area has a ceiling height of over 14 feet and is equipped with two 10' x 10' drive-in overhead doors and a restroom. The property also includes a 12+ car parking lot and 200 AMP electrical service. The building is of all-steel construction with a metal roof by Morton. Additionally, the adjacent vacant lot at 62 Central Ave, measuring 0.16 acres, is included in the sale. The property is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Fire-Tech Inc General Contractor Hygrade Home Services ... HVAC Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Extra Space Storage, Bloomfield EZ Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7063455
    Latitude
    41.8122647

    Nearby Similar for Sale

    • New
      $574,900
      3,851 SF

      Mixed-Use Property in Bloomfield, CT

      Mixed-use property with retail and residential units in Bloomfield.
      747 Blue Hills Avenue Ext, Bloomfield, CT 06002
      View Details
    • $339,900
      3,355 SF

      Bloomfield Triplex on Large Lot

      Three-family home with remodeling potential on a large lot.
      18 Darby St, Bloomfield, CT 06002
      View Details
    • $875,000
      Pending

      Former Liquor Store Opportunity

      Liquor store and office rental property for sale.
      843 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • $875,000
      Pending

      Former Liquor Store Opportunity

      Liquor store with rental property for sale in Bloomfield.
      843 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • $879,999
      Pending

      Versatile Multi-Unit Investment Opportunity

      Five structures on 5 acres with residential and development potential.
      1130 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • $875,000
      2,600 SF

      Former Liquor Store and Offices

      Bloomfield property with retail and office rental income potential.
      843 Blue Hills Avenue Ext, Bloomfield, CT 06002
      View Details
    • $349,900
      Pending

      Well-Maintained Industrial Building For Sale

      Industrial building with office space, warehouse, and parking.
      60 Central Ave, Bloomfield, CT 06002
      View Details
    • Contact for pricing

      Bloomfield Industrial Site For Sale

      Accessible industrial location near I-91 and transportation corridors.
      195 W Newberry Rd, Bloomfield, CT 06002
      View Details
    • Contact for pricing

      Bloomfield Industrial Property For Sale

      Versatile 18,000 SF industrial building in prime Bloomfield location.
      195 W Newberry Rd, Bloomfield, CT 06002
      View Details
    • Contact for pricing

      Industrial Property on Douglas Street

      Industrial property available for sale on Douglas Street.
      53 Douglas St, Bloomfield, CT 06002
      View Details
    • $879,999
      Pending

      Bloomfield Multifamily Property For Sale

      Multifamily property available for purchase in Bloomfield, Connecticut.
      1130 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • Contact for pricing
      16,488 SF

      Flex Building with Outdoor Storage

      16,488 SF flex building with fenced outdoor storage.
      103 Old Windsor Rd, Bloomfield, CT 06002
      View Details

    FAQs

    What type of property is this?
    Warehouse - Well-maintained industrial building with office space and vacant lot.
    Where is this warehouse located?
    The property is located at 60 Central Ave Bloomfield, CT.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Large 3,768 sqft industrial building on .49 acres, suitable for warehouse and office use.; - Includes adjacent .16 acre vacant lot (62 Central Ave) for expansion or additional use.; - Zoned I-2 General Mixed Use Industrial, offering versatile usage options.
    (860) 818-2150
    Request Owner's contact information
    60 Central Ave Bloomfield, CT 06002
    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.
    60 Central Ave
    Bloomfield, CT 06002
    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
    60 Central Ave Bloomfield, CT 06002
    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
    Michael Truong
    Real Estate License ID: RES.0794690
    (860) 818-2150 (866) 828-3951
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!