Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Enfield Land with Brook Title is generated by Realmo AI

    32 Pleasant Rd, Enfield, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with brook, suitable for farming or building.

    Type:LAND
    Lot size:
    9.55 Acres
    Added:
    Apr 10, 2025
    Days on Market:
    400
    Last Refresh:
    Apr 5 at 11:01 pm

    Property Features for 32 Pleasant Rd

    General Information

    Standard status
    Active
    Lot size
    9.55 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Lori Gabriel

    Listing agent Lori Gabriel

    Listing office Coldwell Banker Realty | Suffield/Enfield

    Listing date Apr 10, 2025

    Source Moodyscre

    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 Coldwell Banker Realty | Suffield/Enfield

    HighLights

    • Excellent location with frontage on Old Abbe Road, close to highways, shopping, and restaurants.
    • Potential for multiple houses, garages, and barns.
    • Suitable for horses and livestock with grazing land and water access from Boweyns Brook.
    • Boweyns Brook runs through the property, providing views and irrigation.
    • Potential to divide into multiple lots.
    • Private and serene location ideal for building a dream home.

    Overview

    This parcel of land is located along Old Abbe Road with frontage on Depot Hill Road and backs up to Pleasant Road. The property is positioned close to highways and shopping areas. The "Boweyns Brook" runs through the property, offering views and irrigation opportunities. The land may be suitable for horses, providing grazing areas and water access. According to the town, this is a building lot, but all necessary processes must be completed with the town to build. There is potential to divide a couple of lots, one potentially off of Depot Hill and one nice level large spot on Old Abbe Rd where there are wonderful views overlooking the entire property. The location is private and peaceful. The property may be suitable for building a home, raising livestock, or agricultural purposes. Major utilities are located nearby. The buyer will need to perform their own due diligence to proceed with their plans.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.61
    Latitude
    41.9374

    Nearby Similar for Sale

    • $500,000
      3,024 SF

      Enfield Multi-Family Townhouse Style Property

      Well-maintained Enfield multi-family property with updates and upside potential.
      148 Pleasant Street, Enfield, CT 06082
      View Details
    • $999,900
      20,779 SF

      High-Visibility Commercial Property in Enfield

      20,779 sqft commercial property with high traffic and income.
      66 Enfield Street, Enfield, CT 06082
      View Details
    • $390,000
      1,720 SF

      Enfield Multi-Family Investment Opportunity

      Move-in ready Enfield multi-family property with recent upgrades.
      27 Park Avenue, Enfield, CT 06082
      View Details
    • $475,000
      3,741 SF

      Enfield Townhouse Style Four Family

      Townhouse style four family property in Enfield, Connecticut.
      40 Church Street, Enfield, CT 06082
      View Details
    • $409,000
      2,736 SF

      Enfield Two-Family Investment Opportunity

      Two-unit property with long-term tenants and strong rental income.
      20 Manning Road, Enfield, CT 06082
      View Details
    • $895,000
      5,578 SF

      Enfield Commercial Property For Sale

      Fully leased commercial property in Enfield, CT with steady income.
      71 Hazard Ave, Enfield, CT 06082
      View Details
    • $700,000
      2,904 SF

      Former Auto Repair Facility

      Five-bay auto repair facility with adjacent land for lease.
      623 Hazard Ave, Enfield, CT
      View Details
    • $599,999

      Established Hair and Beauty Salon

      Upgraded hair and beauty salon with long-term lease in place.
      651 Enfield, Enfield, CT 06082
      View Details
    • $575,000
      1,649 SF

      Versatile Mixed-Use Property in Hazardville

      Three-unit mixed-use property with residential and commercial spaces.
      329 Hazard Ave, Enfield, CT 06082
      View Details
    • $599,999
      3,170 SF

      Established Salon on High-Traffic Road

      Fully upgraded hair and beauty salon with long-term lease.
      651 Enfield Street, Enfield, CT 06082
      View Details
    • $374,900
      2,594 SF

      Remodeled Two-Family Home

      Two-unit property with updated interiors and separate utilities.
      41 Walnut St, Enfield, CT 06082
      View Details
    • $376,000

      Enfield Land with Development Potential

      25+ acre parcel in Enfield, CT with development possibilities.
      103 Post Road, Enfield, CT 06082
      View Details

    FAQs

    What type of property is this?
    Land - Land with brook, suitable for farming or building.
    Where is this land located?
    The property is located at 32 Pleasant Rd Enfield, CT.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: Excellent location with frontage on Old Abbe Road, close to highways, shopping, and restaurants.; Potential for multiple houses, garages, and barns.; Suitable for horses and livestock with grazing land and water access from Boweyns Brook.
    (860) 926-5101 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lori Gabriel
    Learn More
    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
    32 Pleasant Rd, Enfield, CT
    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!