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

    892-900 Farmington Avenue Berlin, CT

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,685,000

    Turn-key retail investment property, 100% leased with long-term tenants.

    Type:RETAIL
    Property size:
    21,119 SF
    Lot size:
    1.96 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    234
    Last Refresh:
    Mar 29 at 9:59 pm

    Property Features for 892-900 Farmington Avenue

    General Information

    Standard status
    Active
    Size
    21,119 SF
    Lot size
    1.96 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Luke Massirio
    Luke Massirio

    Listing agent Luke Massirio License #REB.0755257

    Listing office O,R&L Commercial, LLC

    Listing date Aug 11, 2025

    Source Moodyscre

    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 O,R&L Commercial, LLC

    Overview

    Fully Leased Retail Investment Property

    This retail property offers a turn-key investment opportunity with new roofs and HVAC systems. The property is 100% leased with long-term NNN tenants, including Cyclone Home Systems, Lava Salon, and Dollar General. The property generates a Net Operating Income (NOI) of $218,100, offering a 7.8% CAP rate. The property features street-level retail space and includes 73 parking spaces, providing a parking ratio of 5 spaces per 1,000 square feet. The property has 294 feet of frontage and two curb cuts. It is accessible via Rt. 9, Rt. 5, and Rt. 372 and is located near many area amenities. The property has a total size of 21,119 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Stop & Shop - New England, 1135 Farmington Ave, Berlin, CT 06037

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7648
    Latitude
    41.6337

    Nearby Similar for Sale

    • $220,000
      2,796 SF

      Historic Berlin Multi-Unit Opportunity

      Unique multi-unit property in Berlin's Historic District.
      825 Worthington Ridge, Berlin, CT 06037
      View Details
    • $1,535,000
      19,720 SF

      Berlin Manufacturing/Industrial Property For Sale

      19,720 SF manufacturing/industrial building on 5.37 acres.
      119 White Oak Drive, Berlin, CT 06037
      View Details
    • $3,900,000
      35,270 SF

      Mill Street Development Opportunity

      35,270 SF in three buildings with development potential.
      1244 Mill St, Berlin, CT
      View Details
    • $250,000
      1,908 SF

      Renovated Office Condo in Berlin

      First-floor, 1,908 sq ft office condo for sale.
      363 New Britain Road #A, Berlin, CT 06037
      View Details
    • $1,300,000
      4,301 SF

      Unique Log Built Restaurant Opportunity

      Restaurant on Berlin Turnpike with liquor license and outdoor patio.
      1474 Berlin Turnpike, Berlin, CT 06037
      View Details
    • $5,000,001
      14,725 SF

      Walgreens NNN Property For Sale

      Absolute NNN lease with no landlord responsibilities through August 2032.
      980 Farmington Ave, Berlin, CT 06037
      View Details
    • $1,300,000
      4 SF

      Berlin Turnpike Retail Investment Opportunity

      4,301 SF retail building with high visibility on Berlin Turnpike.
      1474 Berlin Tpke Berlin, CT 06037, CT 06037
      View Details
    • $279,000
      3,886 SF

      Redevelopment Opportunity: Church and Parsonage

      Spacious church and parsonage offering redevelopment potential for investors.
      139 Main Street, Berlin, CT 06023
      View Details
    • $1,535,000
      19,720 SF

      Modern Manufacturing Facility on 5.37 Acres

      19,720 SF manufacturing/distribution facility in Berlin, CT for sale.
      119 White Oak Drive, Berlin, CT 06037
      View Details
    • Contact for pricing
      33,056 SF

      Berlin Flex/Industrial Space Available

      33,056 SF flex/industrial property in Berlin, CT for sale.
      111 Christian Ln, Berlin, CT
      View Details

    FAQs

    What type of property is this?
    Shopping center - Turn-key retail investment property, 100% leased with long-term tenants.
    Where is this shopping center located?
    The property is located at 892-900 Farmington Avenue Berlin, CT.
    What is the asking price?
    The asking price for this property is $2,685,000.
    What are key features of this property?
    This property features: 100% Leased with Long‑term NNN Leases; New Roofs & HVAC; Attractive 7.8% CAP Rate
    (860) 883-6013
    We can help!
    Listing Contact
    Luke Massirio
    Luke Massirio
    Real Estate License ID: REB.0755257
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!