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    210 Court St Cromwell, CT 06416

    • Land
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 210 Court St

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional ±23.6-acre land parcel presents a unique investment opportunity in Cromwell, Connecticut. Strategically located at 210 Shunpike Road and 102 Court Street, this expansive site offers significant potential for a variety of industrial uses. The property comprises two contiguous parcels, totaling approximately 23.6 acres, contingent upon a satisfactory survey. One parcel, situated at 210 Shunpike Road, encompasses approximately 7.27 acres. The second parcel, located at 102 Court Street, adds approximately 16 acres to the total land area. This prime location makes it ideal for development as an industrial facility, a modern fulfillment center, a medical campus, or even a specialized sports facility. The property's size and versatile zoning offer considerable flexibility for developers seeking a substantial land holding in a thriving Connecticut market. The address is 210 Shunpike Road & 102 Court Street, Cromwell, CT 06416. The latitude and longitude coordinates are 41.6274535, -72.6763676 respectively. Serious inquiries are encouraged.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6764
    Latitude
    41.6275

    Comparable in this City

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      14 Alcap Rdg

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      9,582 SF

      200 Corporate Row

      INDUSTRIAL (GENERAL) • 9,582 SF
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      $740,000
      7,350 SF

      10 Progress Dr

      INDUSTRIAL (GENERAL) • 7,350 SF
      10 Progress Dr, Cromwell, CT 06416-1034
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    • Value Estimation
      $610,000
      5,970 SF

      9 Progress Dr

      INDUSTRIAL (GENERAL) • 5,970 SF
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    • Value Estimation by Request
      4.68 Acres

      50 Sebethe Dr

      INDUSTRIAL (GENERAL) • 4.68 Acres
      50 Sebethe Dr, Cromwell, CT 06416-1015
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    Similar Nearby for Sale

    • Contact for pricing

      Cromwell, CT Industrial Land

      ±23.6 Acres, Multi-Use Potential
      210 Court St, Cromwell, CT 06416
      View Details
    • $1,150,000

      Cromwell Land Opportunity

      Land available in Cromwell, Connecticut.
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    • $1,500,000
      13.00 Acres

      Cromwell, CT Commercial Land - $1.5M

      ±13-acre site, I-91 visibility, high traffic.
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    • $1,500,000

      Prime Land with I-91 Visibility

      13-acre site ideal for office, retail, hospitality, and self-storage.
      10 Sebethe Dr, Cromwell, CT 06416
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    • $395,000

      Industrial Land Near I-91

      8.54 acre industrial land parcel with highway access.
      14 Progress Dr, Cromwell, CT 06416
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    • Contact for pricing

      Cromwell Land Opportunity

      Land suitable for industrial, fulfillment, medical, or sports facility.
      210 Shunpike Rd, Cromwell, CT 06416
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,700 SF

      Cromwell Medical Office Space for Lease

      Modern medical office suites available in Cromwell, CT.
      26 Shunpike Rd, Cromwell, CT 06416
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    • $20 SF/Yr
      4,800 SF

      New Construction Industrial Flex Space

      New construction industrial condominium units for lease, convenient location.
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    • $1,920,000
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      Industrial Building with Air Conditioning

      14,220 SF industrial building on 2.14 acres for lease.
      10 Countyline Dr, Cromwell, CT 06416
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    • Contact for pricing
      21,872 SF

      Cromwell Square Shopping Center

      High-traffic retail space, Route 372
      51 Shunpike Rd, Cromwell, CT 06416
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      5,522 SF

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      Highly visible end-cap location at a busy Cromwell intersection.
      195 West St, Cromwell, CT 06416
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    • $650 /Mo
      200 SF

      One-Room Office Space Available

      One-room office space with private entrance and parking.
      110 Court St, Cromwell, CT 06416
      View Details
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    210 Court St
    Cromwell, CT 06416
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    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.

    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
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