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    154 New Britain Ave Rocky Hill, CT 06067

    For Sale
    $1,450,000

    Prime location, high NOI, strong cap rate.

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,000 square foot mixed-use property, located at 154 New Britain Avenue in Rocky Hill, Connecticut, presents a compelling investment opportunity. The building, constructed in 2007, features a blend of retail (6,000 sq ft) and office (3,000 sq ft) space across three stories, boasting 8' and 10' ceiling heights. Situated on a 3-acre lot with ample parking, this property enjoys a 95% occupancy rate, generating a strong net operating income (NOI) of $123,600 and a 7.5% capitalization rate. The asking price is $1,450,000, translating to $161.11 per square foot. The property benefits from its strategic location, offering easy access to I-91, Route 9, and the Berlin Turnpike, experiencing high traffic volume with approximately 13,200 cars passing daily. This commercially zoned property is ideally positioned within a thriving area, surrounded by complementary businesses including a daycare center, hair salon, fitness center, insurance agency, and dental practice. The building's multi-tenant structure provides diversification and stability, making it an attractive investment for discerning buyers seeking a strong return on investment in a desirable Connecticut location. The property's robust financial performance and prime location make it a rare opportunity in the current market.

    Property Features for 154 New Britain Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,000 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    3

    HighLights

    • 9,000 square feet on a 3‑acre lot.
    • Mixed‑use property with a projected Net Operating Income (NOI) of $123,600 and a 7.5% capitalization rate.
    • Partially leased, situated near Kiddie Academy, Shear 2000, Fitness Together, Horace Mann Insurance, West Hill Family Dental, and Commercial Services Realty.
    • High traffic area with 13,200 cars per day and ample parking.
    • Excellent location with convenient access to I‑91, Route 9, and the Berlin Turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royko-Charamut Insurance, LLC Insurance Agency Royko Charamut Insurance ... Insurance Agency Blue Chip - Indian ... Modern Indian Restaurant Dream Cafe Cafe A Grade Ahead of Rocky ... Tutoring Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Hill
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6837176
    Latitude
    41.6596895

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    FAQs

    What type of property is this?
    Lifestyle center - Prime location, high NOI, strong cap rate.
    Where is this lifestyle center located?
    The property is located at 154 New Britain Ave Rocky Hill, CT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 9,000 square feet on a 3-acre lot.; Mixed-use property with a projected Net Operating Income (NOI) of $123,600 and a 7.5% capitalization rate.; Partially leased, situated near Kiddie Academy, Shear 2000, Fitness Together, Horace Mann Insurance, West Hill Family Dental, and Commercial Services Realty.
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    Rocky Hill, CT 06067
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    Realmo Value Estimation

    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.

    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.

    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
    154 New Britain Ave Rocky Hill, CT 06067
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