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

    64 Columbine Rd Tolland, CT 06084

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $30,000

    Land lot requiring special variance permit for building.

    Lot size:
    0.23 Acres

    Property Features for 64 Columbine Rd

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres

    We can help!

    Listing Contact
    Ruby Kammerer
    Source: Corcoran

    Listing Agency: Vision Real Estate Listing Agent: Ruby Kammerer

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

    Learn more

    Overview

    Land Lot in Cul-de-Sac

    This is a land lot located in a cul-de-sac. According to the town, the lot has no improvements and is not currently buildable without a special variance permit.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Gym & Fitness Center Food Market Electrical Service Home Appliance Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Tolland
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.3824184
    Latitude
    41.8399041

    Nearby Similar for Sale

    • $219,900
      2,175 SF

      Historic Colonial on Tolland Green

      Charming 2175 sq ft commercial space in a prime location.
      46 Tolland Grn, Tolland, CT 06084
      View Details
    • $339,900

      Tolland Specialty Property For Sale

      Specialty property available for purchase in Tolland, Connecticut.
      224 Hartford Tpke, Tolland, CT 06084
      View Details
    • $750,000

      Tolland Specialty Property For Sale

      Specialty property available for purchase in Tolland, Connecticut.
      85 Belvedere Dr, Tolland, CT 06084
      View Details
    • $2,799,900
      33,778 SF

      Tolland Office Conversion Opportunity

      34,000 SF Class B office primed for self-storage conversion.
      303 Merrow Rd, Tolland, CT 06084
      View Details
    • Contact for pricing
      1,580 SF

      Former Bank Building For Sale

      1,580 SF former bank branch in Tolland, CT.
      159 Merrow Rd, Tolland, CT 06084
      View Details
    • $599,900
      5,280 SF

      Tolland Mixed-Use Investment Opportunity

      Mixed-use property near highway and UConn with rental income potential.
      284 Merrow Rd, Tolland, CT 06084
      View Details
    • $575,000

      Belvedere Drive Property For Sale

      Property available for sale on Belvedere Drive in Tolland.
      83 Belvedere Monterrey Dr, Tolland, CT 06084
      View Details
    • $575,000

      Tolland Specialty Property For Sale

      Specialty property available for purchase in Tolland, Connecticut.
      81 Belvedere Monterrey Dr, Tolland, CT 06084
      View Details
    • $219,900
      2,175 SF

      Historic Colonial on Tolland Green

      Charming 2175 sq ft historic building in a prime location.
      46 Tolland Grn, Tolland, CT 06084
      View Details
    • $2,799,900
      33,778 SF

      Tolland Investment Opportunity

      34,000 SF Class B office space primed for conversion.
      303 Merrow Rd, Tolland, CT 06084
      View Details
    • $800,000
      10,080 SF

      Tolland Commercial Space - Event Venue Ready

      10,000 sq ft. renovated commercial building, ideal for events or flexible use.
      48 Kingsbury Ave, Tolland, CT 06084
      View Details
    • $2,799,900
      33,778 SF

      Tolland Commercial Investment Opportunity

      Prime Tolland location, high development potential.
      303 Merrow Rd, Tolland, CT 06084
      View Details

    FAQs

    What type of property is this?
    Land - Land lot requiring special variance permit for building.
    Where is this land located?
    The property is located at 64 Columbine Rd Tolland, CT.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Nice lot in cul-de-sac.; - Lot has no improvement.; - Not buildable as per town.
    (860) 841-0032
    Request Owner's contact information
    64 Columbine Rd Tolland, CT 06084
    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.
    64 Columbine Rd
    Tolland, CT 06084
    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
    64 Columbine Rd Tolland, CT 06084
    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
    Ruby Kammerer
    (860) 841-0032 (860) 673-1125
    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!