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    125 Whiting St New Britain, CT 06051

    For Sale
    $1,600,000

    9,400 SF, 100% Leased, High NOI

    Property size:
    9,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 9,400-square-foot, single-tenant building located at 125 Whiting Street in New Britain, Connecticut. The property, built in 1981 and fully renovated in 2023, boasts a 100% occupancy rate with a strong corporate guarantee. The building sits on a 0.70-acre lot and is zoned B3, offering significant potential. The single-story, brick/masonry structure features central heating and is conveniently located with easy access to Routes 9 and 72. The current Net Operating Income (NOI) is $122,800, resulting in a compelling 7.68% cap rate. The asking price is $1,600,000. This property is ideal for investors seeking a stable, high-performing asset with a strong tenant and significant upside potential. The lease is a NNN (Net, Net, Net) structure. The property is currently used as a school, but the B3 zoning allows for flexibility in future uses.

    Property Features for 125 Whiting St

    General Information

    Property type
    Schools
    Square Feet
    9,400 SF

    Building Details

    Year Built/Renovated
    1981/2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 0.70‑acre lot
    • B‑3 zoning
    • Brick/masonry building
    • Central heating system
    • 1981 construction
    • Strong corporate tenant currently occupies the property
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    InBloom Autism Services ... Applied Behavior Analysis Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7784541
    Latitude
    41.660884

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    FAQs

    What type of property is this?
    School - 9,400 SF, 100% Leased, High NOI
    Where is this school located?
    The property is located at 125 Whiting St New Britain, CT.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 0.70-acre lot; B-3 zoning; Brick/masonry building
    Request Owner's contact information
    125 Whiting St New Britain, CT 06051
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    New Britain, CT 06051
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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
    125 Whiting St New Britain, CT 06051
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