Single-Story Manufacturing
For Sale
$449,925
64 Cody St, West Hartford, CT 06110
Masonry construction, loading access, and paved parking support practical industrial operations.
Property Size3,312 SF
Price / SF$135.85
Days on Market23
Property Features for 64 Cody St
General Information
Standard status
Active
Size
3,312 SF
Building Details
Year Built
1953
Listing Agency:
Five Stars Realty
(860) 306-0010
Listed By:
Maria Pirulli · License #RES.0828984
Source:
Homesbyshoshana
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 30 at 8:02PM
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 Five Stars Realty
Investment Insights
Based on property information with market context.
This single-story masonry manufacturing property contains approximately 3,312 square feet on a 0.17-acre lot. The building includes a concrete slab floor, 12-foot ceilings, forced hot air heating, and an overhead commercial door for loading. Office areas have central zoned air conditioning, while the shop is heated without air conditioning.
Located at 64 Cody St in West Hartford, Connecticut, the property includes paved parking and site access suited to deliveries and business traffic. Built in 1953, the facility offers a functional configuration for manufacturing, warehouse, distribution, contractor, or related commercial operations.
Located at 64 Cody St in West Hartford, Connecticut, the property includes paved parking and site access suited to deliveries and business traffic. Built in 1953, the facility offers a functional configuration for manufacturing, warehouse, distribution, contractor, or related commercial operations.
Key Highlights
- Approximately 3,312 square feet on a 0.17‑acre lot
- 12‑foot ceiling height with concrete slab flooring
- Overhead commercial door for loading and operations
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
$37,333
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
8.30%
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%
$746,660
$746.7K
Cap Rate 7%
$533,329
$533.3K
Cap Rate 9%
$414,811
$414.8K
Market Conditions
NOI Build-Up for 3,312 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
$56.4K $17.04/SF
− Vacancy
−$3.1K −$0.94/SF
EGI
$53.3K $16.10/SF
− OpEx
−$16.0K −$4.83/SF
NOI
$37.3K $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%
$746,660
Cap Rate 7%
$533,329
Cap Rate 9%
$414,811
Alternative Uses
Best Use
Warehouse
$653.1K
$571.5K – $761.9K
NOI $45,716 @ 7.0% cap · market cap 10.16%
Second Best
Industrial
$533.3K
$466.7K – $622.2K
NOI $37,333 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$987.2K
$863.8K – $1.15M
NOI $69,105 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 06110, CT
13,004
Population
5,540
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
3,941
Density / Sq Mi
$81,972
Median Household Income
$51,576
Median Earnings
$1,542
Median Rent
$269,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Masonry construction, loading access, and paved parking support practical industrial operations.
Where is this manufacturing property located?
The property is located at 64 Cody St West Hartford, CT.
What is the asking price?
The asking price for this property is $449,925.
What are key features of this property?
This property features: Approximately 3,312 square feet on a 0.17‑acre lot; 12‑foot ceiling height with concrete slab flooring; Overhead commercial door for loading and operations
