Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4 Wells Rd East Windsor, CT 06016
    Back to Search
    Property profile & analytics

    4 Wells Rd East Windsor, CT 06016

    View on Map
    • Land
    • 2.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4 Wells Rd

    Lot size
    2.01 lot acres
    Property type
    Land

    Description

    This exceptional 2.01-acre commercial land parcel in East Windsor, Connecticut, presents a prime development opportunity. Located at 4 Wells Road, this fee-simple property boasts a highly visible corner lot with frontage on North Road (CT Route 140), a major thoroughfare experiencing over 13,000 vehicles daily. The B-3 zoning allows for a wide range of commercial uses, offering significant flexibility for potential developers. Pre-existing approvals from 2021 are in place for a 5,095 square foot medical building, streamlining the development process. Furthermore, past approvals exist for warehouse uses up to 10,000 square feet. This strategic location, combined with the existing approvals and high traffic count, makes this property an attractive investment for businesses seeking a prominent presence in a thriving area. The asking price is $325,000. The property's zip code is 06016, situated in Hartford County. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5727
    Latitude
    41.9364

    Comparable in this City

    • Value Estimation by Request
      35.97 Acres

      21 North Rd

      Land • 35.97 Acres
      21 North Rd, East Windsor, CT 06016
      View Details
    • Value Estimation by Request
      10.92 Acres

      96 Depot St

      Multifamily properties • 10.92 Acres
      96 Depot St, East Windsor, CT 06016
      View Details
    • Value Estimation
      $925,000
      5,000 SF

      33 Apothecaries Hall Rd

      COMMERCIAL (GENERAL) • 5,000 SF
      33 Apothecaries Hall Rd, Broad Brook, CT 06016
      View Details
    • Value Estimation by Request
      2,212 SF

      124 Main St

      SHOW ROOM, WAREHOUSE • 2,212 SF
      124 Main St, Broad Brook, CT 06016-9601
      View Details
    • Value Estimation by Request
      6,586 SF

      107 Main St

      COMMERCIAL (GENERAL) • 6,586 SF
      107 Main St, Broad Brook, CT 06016-5800
      View Details
    • Value Estimation
      $760,000
      5,120 SF

      226 Main St

      SHOW ROOM, WAREHOUSE • 5,120 SF
      226 Main St, Broad Brook, CT 06016-9519
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      East Windsor Land Parcel

      35.97-acre parcel with highway access and nearby amenities.
      21 North Rd, East Windsor, CT 06016
      View Details
    • $449,900

      15.6 Acres with Tobacco Sheds

      Development opportunity with potential for agriculture or private retreat.
      20 Apothecaries Hall Rd, East Windsor, CT 06016
      View Details
    • $169,900

      6.34 Acres Endless Possibilities

      Prime location, rural charm, and endless possibilities on 6.34 acres.
      Apothecaries Hall Rd, East Windsor, CT 06016
      View Details
    • $499,900

      18.44 Acres Versatile Corner Lot

      18.44 acres with residential and industrial zoning.
      Chamberlain Rd, East Windsor, CT 06016
      View Details
    • $720,000
      6,000 SF

      Mixed-Use Property in Broad Brook

      Three units, banquet hall, B2 zoning in East Windsor.
      98 Main St, East Windsor, CT 06016
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Broad Brook Commercial Space Available

      Commercial space for rent in the heart of Broad Brook.
      98 Main St, Broad Brook, CT 06016
      View Details
    • $1,500 /Mo
      6,000 SF

      Mixed-Use Property in Broad Brook

      Mixed-use property with retail and banquet hall space for lease.
      98 Main St, East Windsor, CT 06016
      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.
    4 Wells Rd
    East Windsor, CT 06016
    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
    4 Wells Rd, East Windsor, CT, 06016
    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!