Office Condo With Loading
New
For Sale
$289,900
152 Rockwell Road #C7, Newington, CT 06111
Professionally finished office suite in a multi-tenant flex complex with private offices, conference space, kitchen, and on-site parking.
Property Size2,130 SF
Price / SF$136.10
Days on Market7
Property Features for 152 Rockwell Road #C7
General Information
Standard status
Active
Size
2,130 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$3,644
Amenities
loading dock
overhead drive-in garage door
Central air
Central Air Cooling
Flat Roof
Hot Air Heating
Level Lot
Loading Dock/Grade
Loading Dock/Well
On Cul-De-Sac
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
RE/MAX Precision Realty
(860) 808-2000
Listed By:
PATRICK JUVENCIO · License #RES.0818593
Source:
Corcoran
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 19 at 9:09AM
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 RE/MAX Precision Realty
Investment Insights
Based on property information with market context.
This 2,130-square-foot office condo offers a functional layout within a multi-tenant flex complex. The suite includes four private offices, a dedicated conference area, reception space, an eat-in kitchen and break room, and a private restroom. Interior improvements include wide-plank luxury vinyl flooring, neutral gray paint, recessed and drop-ceiling lighting, a curved reception desk, and a stone-tile feature wall. The kitchen is equipped with oak cabinetry, a stainless refrigerator, dishwasher, and island with bar seating.
Loading dock access and an overhead drive-in garage door support the movement of vehicles, equipment, and freight. The property is located at 152 Rockwell Road in Newington, within a professional business park with on-site parking and convenient access. Built in 1988, the suite combines office functionality with features suited to users requiring direct loading capability.
Loading dock access and an overhead drive-in garage door support the movement of vehicles, equipment, and freight. The property is located at 152 Rockwell Road in Newington, within a professional business park with on-site parking and convenient access. Built in 1988, the suite combines office functionality with features suited to users requiring direct loading capability.
Key Highlights
- 2,130 SF office condo at 152 Rockwell Road #C7
- Four private offices plus dedicated conference and meeting area
- Loading dock access and overhead drive‑in garage door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,009
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,180
$480.2K
Cap Rate 7%
$342,986
$343.0K
Cap Rate 9%
$266,767
$266.8K
Market Conditions
NOI Build-Up for 2,130 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.3K $17.04/SF
− Vacancy
−$2.0K −$0.94/SF
EGI
$34.3K $16.10/SF
− OpEx
−$10.3K −$4.83/SF
NOI
$24.0K $11.27/SF
Area
Hartford, CT
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,180
Cap Rate 7%
$342,986
Cap Rate 9%
$266,767
Alternative Uses
Best Use
Office B
$472.0K
$413.0K – $550.7K
NOI $33,039 @ 7.0% cap · market cap 11.40%
Second Best
Flex RnD
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 9.70%
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,443 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 06111, CT
30,536
Population
13,334
Households
2.3
Avg Household Size
45
Median Age
40%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,349
Density / Sq Mi
$98,585
Median Household Income
$54,916
Median Earnings
$1,487
Median Rent
$279,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally finished office suite in a multi-tenant flex complex with private offices, conference space, kitchen, and on-site parking.
Where is this office units located?
The property is located at 152 Rockwell Road #C7 Newington, CT.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,130 SF office condo at 152 Rockwell Road #C7; Four private offices plus dedicated conference and meeting area; Loading dock access and overhead drive‑in garage door
