Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Parcel Near Amenities Title is generated by Realmo AI

    467 Lovely Street, Avon, CT 06001

    View on Map
    Claim this Listing
    For Sale
    $249,900

    2.19 acre corner lot near shopping, schools, and parks.

    Type:Land or Vacant Lot
    Lot size:
    2.19 Acres
    Added:
    May 21, 2026
    Days on Market:
    10
    Last Refresh:
    May 27 at 7:58 am

    Property Features for 467 Lovely Street

    General Information

    Standard status
    Active
    Lot size
    2.19 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MARK GRAF

    Listing agent MARK GRAF

    Listing office Berkshire Hathaway NE Prop.

    Listing date May 21, 2026

    Source Corcoran

    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 Berkshire Hathaway NE Prop.

    HighLights

    • 2.19 acre parcel
    • Corner lot location
    • Convenient access to shopping
    • Convenient access to schools
    • Convenient access to parks
    • Located on Lovely St. and Chevas Rd.

    Overview

    This 2.19-acre parcel is situated on the corner of Lovely St. and Chevas Rd. The lot benefits from its convenient location near shopping centers, schools, and parks.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Pharmacy Department Store Kitchen & Bath Showroom Accounting Firm Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8933761
    Latitude
    41.7836601

    Nearby Similar for Sale

    • $175,000

      Approved Building Lot in Avon

      1.79-acre approved building lot in a prime Avon location.
      Verville Road lot: 1, Avon, CT 06001
      View Details
    • $175,000

      Approved Building Lot in Avon

      Approved 1.53-acre lot ready for building in Avon, CT.
      Verville Road lot: 2, Avon, CT 06001
      View Details
    • $1,725,000
      11,661 SF

      Avon Retail Center Investment Opportunity

      Retail/strip center in Avon, CT with high occupancy rate.
      220 West Main Street Avon, CT 06001
      View Details
    • $175,000

      Approved Building Lot in Avon

      Spacious 1.77-acre approved building lot in a prime location.
      Verville Road lot: 3, Avon, CT 06001
      View Details
    • $275,000

      Avon Land in Cul-de-Sac

      Residential lot in established Avon neighborhood near top amenities.
      24 Parsons Way, Avon, CT 06001
      View Details
    • $259,900

      Avon Land: Build Your Dream

      2.03-acre lot in desirable Avon neighborhood, ready to build.
      350 Deercliff Road, Avon, CT 06001
      View Details
    • $550,000
      5,000 SF

      Avon Office Building For Sale

      Well-maintained office building in Avon, Connecticut, subdividable.
      20 Avon Meadow Lane #2, Avon, CT 06001
      View Details
    • $9,000,000
      53,500 SF

      Premium Office Property in Avon

      Value-add office property with modern amenities and lease-up potential.
      22 Waterville Rd, Avon, CT
      View Details
    • $599,900
      5,000 SF

      Well-Maintained Office Space Available

      Office space in Avon, CT, suitable for subdivision.
      20 Avon Mdw Ln, Avon, CT
      View Details
    • $175,000

      Approved Building Lot in Avon

      1.77-acre approved building lot in a prime location.
      Lot 3 Verville Rd, Avon, CT 06001
      View Details
    • $2,900
      900 SF

      Move-in Ready Avon Office Space

      Renovated 900 SF office space in prime Avon location.
      33 Dale Road, Avon, CT 06001
      View Details

    FAQs

    What type of property is this?
    Land - 2.19 acre corner lot near shopping, schools, and parks.
    Where is this land located?
    The property is located at 467 Lovely Street Avon, CT.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: 2.19 acre parcel; Corner lot location; Convenient access to shopping
    (860) 521-8100
    We can help!
    Listing Contact
    MARK GRAF
    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
    467 Lovely Street, Avon, CT 06001
    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!