Property profile

70 Horizon Dr Bristol, CT 06010

FOR LEASE
Manufacturing properties
Property ID
US15-0086807
49,959 SF 5 ac lot Built 1987
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

70 Horizon Drive in Bristol, Connecticut is a single-tenant industrial facility totaling 49,959 square feet and historically used for manufacturing. The building was constructed in 1987 with masonry block and steel construction and a flat rubber membrane roof. Interior clear height is approximately 20 feet 6 inches, with column spacing of 30 feet by 30 feet, and the facility includes full air conditioning and gas heat. Fire protection is provided by a wet sprinkler system, and loading features include 5 dock doors and 1 drive-in door. Electrical service includes two 800-amp services delivering 208 volts and 480 volts. The property contains 6,500 square feet of office space and sits on a 4.78-acre lot within an Industrial Park (IP-1) zoning district. Site improvements include 60 parking spaces with room for potential expansion. Public water and sewer are supplied by the City of Bristol, and gas and electric utilities are provided by Eversource. The site is located near Route 229 (Middle Street) and Interstate 84 via Exit 31.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1987
Construction STEEL FRAME
Total area 49,959 SF
Lot 5 ac (217,800 SF)
Zoning code IP-1
APN BRIS M:04 L:23
UPID US15-0086807

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Metal Fabrication Plant Factory

Location

70 Horizon Dr Bristol, CT 06010
Bristol metro Census 405402 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.67M
Blend (final) Blend
$4.42M

Owner & transaction history

since 2022
Last sale
$3.7M
7 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$3.7M
2019
Price N/A
2011
$1.9M
2010
Price N/A
2009
Price N/A

Zoning & alternative use

IP-1 · Bristol, CT
Zoning description

Accessory Use BN BG BD BHC I IP-1 IP-3 IP-5 Accessory Live Entertainment - SP ZP1 SP - - - - Accessory Manufacturing - - SP - - - - - Accessory Retail - - - ZP ZP ZP ZP ZP Battery Energy Storage Systems (80 kWh-600 kWh)…

General category INDUSTRIAL
Top alternative use upside
Retail stores $5.8M +83.3%
Office building $5.5M +75.6%
Apartment house (5+ units) $5.2M +66.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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