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

    730-732 Plainfield Rd Griswold, CT 06351

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $599,999

    Two-family home and steel building for storage or commercial use.

    Property size:
    5,016 SF
    Lot size:
    1.60 Acres

    Property Features for 730-732 Plainfield Rd

    General Information

    Standard status
    Contract
    Size
    5,016 SF
    Lot size
    1.60 Acres

    Building Details

    Year built
    1938

    We can help!

    Listing Contact
    Heather W. Gianacoplos
    Source: Corcoran

    Listing Agency: Compass Connecticut, LLC Listing Agent: Heather W. Gianacoplos

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

    Learn more

    Overview

    Multifamily with Steel Building

    The property features a two-family home and a 40' x 80' steel building. The main house includes a remodeled two-bedroom unit with two full bathrooms on the first floor, featuring stainless steel appliances, stone countertops, and a primary bedroom with an ensuite. The second floor is a gutted one-bedroom unit, ready for customization. The steel building offers two 12' doors and one 10' door, a clear-span interior, a frost-footed foundation, and rough electric, rough plumbing, and framing. It is suitable for storage, a workshop, or commercial use. The two-bedroom unit will be vacated upon closing. Currently, there is one tenant in place in the steel building utilizing only a fraction of the square footage and one door. An approved site plan is available upon request. The property size is 5016 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Gym & Fitness Center Auto Parts Store Grocery & Convenience Store Garden Center Discount Store Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Griswold
    County
    New London
    State
    Connecticut
    Longitude
    -71.95696
    Latitude
    41.63492

    Nearby Similar for Sale

    • New
      $599,999
      Pending

      Griswold Mixed-Use Property For Sale

      Mixed-use property featuring a home and a steel building.
      730-732 Plainfield Rd, Griswold, CT 06351
      View Details
    • $375,000

      Griswold Duplex with Income Potential

      Income-generating duplex near Griswold's town park, ideal for investors.
      52-54 Sheldon Rd, Griswold, CT 06351
      View Details
    • $599,999
      Pending

      Griswold Property with Steel Building

      Two-family home and steel building suitable for commercial use.
      730-732 Plainfield Rd, Griswold, CT 06351
      View Details
    • New
      $2,130,000
      Pending

      Multifamily Portfolio in Griswold, CT

      Portfolio of five multifamily properties for sale in Connecticut.
      12 Property Portfolio St, Griswold, CT 06351
      View Details
    • $650,000
      Pending

      Griswold Multifamily Conversion Opportunity

      24,099 SF building with approved plans for 43 apartments.
      54 North Main St, Griswold, CT 06351
      View Details
    • $650,000
      14,543 SF

      Former School Approved for Apartments

      Two-story commercial building with approved plans for 43 apartments.
      54 North Main St, Griswold, CT 06351
      View Details
    • $895,000
      Pending

      Bethel Road Specialty Property

      Specialty property available for sale on Bethel Road.
      174 Bethel Rd, Griswold, CT 06351
      View Details
    • $129,000

      Updated Mobile Home Near Pond

      Updated 55+ mobile home community near Doaneville Pond.
      80 Sheldon Rd, Griswold, CT 06351
      View Details
    • $299,000

      Griswold, CT Multifamily Land Development

      18.6 Acres, C-1 Zoning, High Potential.
      97R Preston Rd, Griswold, CT 06351
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home and steel building for storage or commercial use.
    Where is this duplex located?
    The property is located at 730-732 Plainfield Rd Griswold, CT.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: - 40' x 80' steel building with two 12' doors and one 10' door.; - Fully remodeled 2-bedroom, 2-full bath unit with stainless steel appliances and stone countertops.; - Second floor is a gutted 1-bedroom unit, ready for customization.
    (860) 908-4705
    Request Owner's contact information
    730-732 Plainfield Rd Griswold, CT 06351
    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.
    730-732 Plainfield Rd
    Griswold, CT 06351
    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
    730-732 Plainfield Rd Griswold, CT 06351
    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
    Heather W. Gianacoplos
    Real Estate License ID: RES.0800582
    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!