Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34 Shunpike Rd Cromwell, CT 06416

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $120,000

    Well-established deli in prime location with loyal customer base.

    Property size:
    1,000 SF

    Property Features for 34 Shunpike Rd

    General Information

    Standard status
    Active
    Size
    1,000 SF

    We can help!

    Listing Contact
    Piotr Chrzanowski
    Source: Corcoran

    Listing Agency: Piotrsellsct LLC Listing Agent: Piotr Chrzanowski

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

    Learn more

    Overview

    Established Deli Business For Sale

    This well-established, family-owned deli is located in a prime business location, offering strong visibility and deep roots within the local community. The business has served loyal customers throughout the surrounding neighborhoods for many years, maintaining a steady and consistent cash flow supported by a long-standing and repeat client base. The owner, after 28 years, is preparing for retirement, presenting an opportunity for a new owner to acquire a respected business with a solid reputation and stable operations. The business is being sold as-is. The owner is willing to provide up to 90 days of training to ensure a smooth transition for the new ownership. This is an opportunity for an owner-operator or investor seeking a turnkey business with strong community ties, dependable income, and long-term growth potential. The property size is 1000 square feet and is located at 34 Shunpike Road, Cromwell, CT 06416.
    Location Intelligence

    Current Use by Public Records

    BSD Business Consulting Employment Agency John Boyle Decorating ... Hardware & Home Improvement Mia's Salon & Spa Hair Salon Tiffany Nail & Spa Nail Salon AAA Cromwell Travel Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6740098
    Latitude
    41.6009098

    Nearby Similar for Sale

    • $489,500

      Established Tavern with Growth Potential

      Family-owned tavern/sports bar with growth potential, renovated interior, and outdoor patio.
      1 Wall St, Cromwell, CT 06416
      View Details
    • $395,000
      2,253 SF

      Cromwell Executive Center Office Unit

      Meticulously maintained office unit in prime business hub.
      75 Berlin Rd, Cromwell, CT 06416
      View Details
    • $650,000

      Specialty Property For Sale

      Specialty property available for purchase.
      63 Timber Hill Rd, Cromwell, CT 06416
      View Details
    • $585,000

      Specialty Property For Sale

      Specialty property available for purchase.
      15 Oxford Ln, Cromwell, CT 06416
      View Details
    • $664,500

      Sydney Lane Specialty Property

      Specialty property available for sale in Cromwell, Connecticut.
      12 Sydney Ln, Cromwell, CT 06416
      View Details
    • $599,900

      Cromwell Specialty Property For Sale

      Specialty property available for purchase in Cromwell, Connecticut.
      37 Coles Rd, Cromwell, CT 06416
      View Details
    • $2,500,000

      Restaurant and Retail Opportunity

      Two buildings on 0.51 acres with ample parking.
      198-200 West St, Cromwell, CT 06416
      View Details
    • $599,900

      Cromwell Specialty Property For Sale

      Specialty property available for purchase in Cromwell, Connecticut.
      2 Gatesville Ln, Cromwell, CT 06416
      View Details
    • $389,900

      Main Street Specialty Property

      Specialty property available for sale on Main Street.
      587 Main St, Cromwell, CT 06416
      View Details
    • $489,500
      6,425 SF

      Established Tavern with Growth Potential

      Family-owned tavern/sports bar with growth potential, renovated with outdoor patio.
      1 Wall St, Cromwell, CT 06416
      View Details
    • $1,500,000
      11,602 SF

      Medical Office Building For Sale

      Purpose-built medical office building with income potential.
      30 Country Squire Dr, Cromwell, CT 06416
      View Details
    • $2,500,000
      4,378 SF

      Restaurant and Retail Opportunity

      Two buildings on 0.51 acres with ample parking.
      198-200 West St, Cromwell, CT 06416
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Well-established deli in prime location with loyal customer base.
    Where is this conventional restaurant located?
    The property is located at 34 Shunpike Rd Cromwell, CT.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Established deli with a long-standing, loyal customer base and consistent cash flow.; - Prime business location with strong visibility.; - Turnkey operation with a solid reputation and stable operations.
    (860) 878-4060
    Request Owner's contact information
    34 Shunpike Rd Cromwell, CT 06416
    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.
    34 Shunpike Rd
    Cromwell, CT 06416
    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
    34 Shunpike Rd Cromwell, CT 06416
    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
    Piotr Chrzanowski
    (860) 878-4060 (860) 621-1821
    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!