Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    331 Cottage Grove Rd Bloomfield, CT 06002
    Back to Search
    Property profile & analytics

    331 Cottage Grove Rd Bloomfield, CT 06002

    View on Map
    • Retail properties & Spaces
    • 10,913 SF
    • 62.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goodwill Bloomfield Store & Donation Station / Discount Store

    Property Details for 331 Cottage Grove Rd

    Year built
    1971
    Lot size
    62.53 lot acres
    Property size
    10,913 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 10,913 square foot free-standing retail building, located at 331 Cottage Grove Road in Bloomfield, Connecticut, presents a unique sublease opportunity. Built in 1971 and renovated in 2016, this single-story structure boasts a 15-foot clear height and a convenient loading dock. Situated on a substantial 62.53-acre lot within the I-1 zoned Copaco Shopping Center, the property benefits from high visibility and accessibility. The location offers ample parking and prominent on-building signage opportunities, catering to high traffic volume averaging 27,000 vehicles daily. This prime retail space is ideally positioned alongside a strong roster of national tenants including Lowe's, Stop & Shop, McDonald's, CVS, AT&T, Firestone, Five Below, Burlington Coat Factory, Dollar Tree, and Planet Fitness. The property's Hartford County location and 06002 zip code offer excellent access to a thriving consumer base. Power details are to be determined (TBD). This is an unparalleled opportunity for a business seeking a well-established, high-traffic location within a successful shopping center. The entire building is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.716
    Latitude
    41.8159

    Comparable in this City

    • Value Estimation by Request
      7,515 SF

      1023-1031 Blue Hills Ave

      Lifestyle centers • 7,515 SF
      1023-1031 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • Value Estimation by Request
      6,900 SF

      735 Blue Hills Ave

      Restaurants • 6,900 SF
      735 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • Value Estimation by Request
      7,150 SF

      1030 Blue Hills Ave

      Automotive properties • 7,150 SF
      1030 Blue Hills Ave, Bloomfield, CT 06002
      View Details
    • Value Estimation by Request
      3.57 Acres

      Old Windsor Rd

      Land • 3.57 Acres
      0 Old Windsor Rd, Bloomfield, CT 06002
      View Details
    • Value Estimation by Request
      4,089 SF

      58 Granby St

      SHOW ROOM, WAREHOUSE • 4,089 SF
      58 Granby St, Bloomfield, CT 06002-3512
      View Details
    • Value Estimation by Request
      3,464 SF

      984 Blue Hls Ave

      SHOW ROOM, WAREHOUSE • 3,464 SF
      984 Blue Hls Ave, Bloomfield, CT 06002-3720
      View Details

    Similar Nearby for Sale

    • $600,000
      7,405 SF

      Commercial Lot with Three Buildings

      Commercial lot featuring a church, fitness center, and auto garage.
      9 Maplewood Ave, Bloomfield, CT 06002
      View Details
    • $600,000

      Commercial Lot with Three Buildings

      Commercial lot with church, fitness center, and auto garage.
      9 Maplewood Ave, Bloomfield, CT 06002
      View Details
    • $215,000

      Land for Residential or Storage

      Land suitable for residential or landscape/construction business with outbuilding.
      1211R Blue Hills Avenue Ext, Bloomfield, CT 06002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      840 SF

      Bloomfield Retail Space for Lease

      Retail space available in Stop & Shop anchored shopping center.
      269-319 Cottage Grove Rd, Bloomfield, CT 06002
      View Details
    • Contact for pricing
      1,138 SF

      Retail Pad Site with Drive-Thru

      Retail space with drive-thru in high-traffic area.
      38-40 Tunxis Ave, Bloomfield, CT 06002
      View Details
    • Contact for pricing
      2,970 SF

      Bloomfield Retail Space For Rent

      Retail space available in Stop & Shop anchored shopping center.
      325 Cottage Grove Rd, Bloomfield, CT 06002
      View Details
    • $10 SF/Yr
      21,000 SF

      Bloomfield Retail Space For Rent

      Retail spaces available in Bloomfield's Wintonbury Mall shopping center.
      836 Park Ave, Bloomfield, CT 06002
      View Details
    • Contact for pricing

      Retail Pad Site with Drive-Thru

      Pad site with drive-thru in high-traffic area.
      38 Tunxis Ave, Bloomfield, CT 06002
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Copaco Center

      Retail space available in established Bloomfield shopping center.
      405-415 Cottage Grove Rd, Bloomfield, CT 06002
      View Details
    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.
    331 Cottage Grove Rd
    Bloomfield, CT 06002
    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

    Thank You for Inquiry
    331 Cottage Grove Rd, Bloomfield, CT, 06002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!