Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Use Estate Property with Two Homes Title is generated by Realmo AI

    202 Crane Hollow Road, Bethlehem, CT 06751

    View on Map
    Claim this Listing
    For Sale
    $765,000

    COMMERCIAL - Bethlehem, CT

    Property size:
    1,876 SF
    Lot size:
    8.58 Acres
    Price / SF:
    $407/SF
    Added:
    Apr 29, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 7 at 12:06 pm

    Property Features for 202 Crane Hollow Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R-1
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    Size
    1,876 SF
    Lot size
    8.58 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    11247

    Utilities

    Cooling system
    Central Air, Wall Unit(s)
    Water source
    Private

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Matthew Rownin

    Listing agent Matthew Rownin

    Listing office Keller Williams Realty 404 Main St., Ridgefield, CT

    Listing date Apr 29, 2026

    MLS# 24171303

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • On 8.5+ acres in Bethlehem, MA with multiple structures and re‑fit potential for various uses
    • Primary residence: 1,876 SF with 3 bedrooms and 2 bathrooms
    • Second home: 1,100 SF with 2 bedrooms and 1 bathroom plus a 3‑car garage with a half‑bathroom
    • Two additional storage/buildings for hobbies, cars, boats, and other items
    • Pet rescue business setup on site with existing kennels
    • Cooling includes central air and wall unit(s); water source is private

    Overview

    Set on 8.58 acres in Bethlehem, this multi-structure estate includes two residential homes and additional buildings designed for storage and hobby or recreational use. The primary residence offers 1,876 square feet with three bedrooms and two bathrooms. A second home provides 1,100 square feet with two bedrooms and one bathroom, plus a three-car garage with a half-bathroom. There are also two additional buildings described as suitable for storage, hobbies, cars, boats, and other uses, along with existing kennel facilities. The owner currently operates a pet rescue business from the property, and the existing kennels are described as easily removable. The listing notes many upgrades have been made to all structures.

    Zoned R-1, the property supports a range of lifestyle and operational possibilities, including building a private estate or family compound, running business operations with offices and storage, or accommodating horse and farm-related uses, as described by the current configuration and existing improvements.

    For tenants, buyers, and operators seeking a property with both living space and ancillary outbuildings, the combination of two homes, garage space, and storage-focused buildings may support multiple on-site needs. With the kennel area available for removal, the site can also be re-fit to better match a new purpose while keeping the existing residences in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Away From ... Kennel & Boarding Facility Team Animal Rescue ... Animal Shelter Hemlock Kennels & Cattery Pet Grooming Service

    Suggested Use

    Building Supply Spa & Massage Center Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Skin Care Clinic Electrical Service Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.2287423
    Latitude
    41.6149179

    Nearby Similar for Sale

    • $765,000
      1,876 SF

      Bethlehem Land with Development Potential

      8.5+ acres in Bethlehem, CT with multiple possibilities.
      202 Crane Hollow Road, Bethlehem, CT 06751
      View Details
    • $765,000
      1,876 SF

      Bethlehem Land with Development Potential

      8.5+ acres in Bethlehem, CT with multiple possibilities.
      202 Crane Hollow Road, Bethlehem, CT 06751
      View Details
    • $285,000
      1,872 SF

      Main Street Mixed-Use Opportunity

      Mixed-use property with potential for home office or rental.
      8 Main Street North, Bethlehem, CT 06751
      View Details
    • $725,000
      1,876 SF

      Bethlehem Land with Development Potential

      8.5+ acre property with homes and outbuildings in Bethlehem.
      202 Crane Hollow Road, Bethlehem, CT 06751
      View Details

    FAQs

    What type of property is this?
    Land - R-1 zoned estate on 8.58 acres with two residences, multiple storage buildings, and removable kennels for flexible use.
    Where is this land located?
    The property is located at 202 Crane Hollow Road Bethlehem, CT.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: On 8.5+ acres in Bethlehem, MA with multiple structures and re‑fit potential for various uses; Primary residence: 1,876 SF with 3 bedrooms and 2 bathrooms; Second home: 1,100 SF with 2 bedrooms and 1 bathroom plus a 3‑car garage with a half‑bathroom
    (203) 767-2361
    We can help!
    Listing Contact
    Matthew Rownin
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    202 Crane Hollow Road, Bethlehem, CT 06751
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!