Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    50 Curtin St New Britain, CT 06053
    Back to Search
    Property profile & analytics

    50 Curtin St New Britain, CT 06053

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

    Current Use by Public Records

    • Land

    Property Details for 50 Curtin St

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre parcel in New Britain, CT, presents a unique development opportunity. Located in the heart of Little Poland, this I-T zoned land is primed for subdivision into six buildable lots, perfect for single-family, two-family homes, or a condominium complex. The property boasts a flat topography and enjoys unparalleled convenience, with proximity to downtown New Britain, major highways, and public transportation. The vibrant neighborhood offers a wealth of amenities, including restaurants, churches, and shops. Preliminary subdivision maps are available for review, along with a town memorandum. Final engineering plans are in progress, encompassing sidewalk installation. This represents a compelling investment for developers seeking to create a desirable residential community in a thriving area. Individual lot sales are also possible. The asking price for the entire 1-acre parcel is $450,000. The property is located at 50 Curtin St, New Britain, CT 06053.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7848
    Latitude
    41.6795

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      15 Clayton Ct

      Land • 0.22 Acres
      15 Clayton Ct, New Britain, CT 06053
      View Details
    • Value Estimation
      $1,130,000
      0.44 Acres

      14 Crown St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.44 Acres
      14 Crown St, New Britain, CT 06053-4045
      View Details
    • Value Estimation
      $850,000
      5,400 SF

      70 Lyman St

      APARTMENT HOUSE (5+ UNITS) • 5,400 SF
      70 Lyman St, New Britain, CT 06053-3752
      View Details
    • Value Estimation by Request
      3,504 SF

      5 Marwood Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,504 SF
      5 Marwood Dr, New Britain, CT 06053-2607
      View Details
    • Value Estimation by Request
      5,040 SF

      221 Winfield Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,040 SF
      221 Winfield Dr, New Britain, CT 06053-2618
      View Details
    • Value Estimation by Request
      5,484 SF

      28 Horace St

      APARTMENT HOUSE (5+ UNITS) • 5,484 SF
      28 Horace St, New Britain, CT 06053-3740
      View Details

    Similar Nearby for Sale

    • $399,000
      2,428 SF

      Mixed-Use Investment Opportunity in Little Poland

      Versatile mixed-use property with development potential in a prime location.
      527 Burritt St, New Britain, CT 06053
      View Details
    • $699,999
      2,728 SF

      Well-Maintained Multifamily Investment Opportunity

      Two-family property with updated features and income potential in New Britain.
      383 Osgood Ave, New Britain, CT 06053
      View Details
    • $299,999
      9,930 SF

      Versatile Retail/Industrial Building For Sale

      9,930 SF retail/industrial building with redevelopment potential.
      500 Burritt St, New Britain, CT 06053
      View Details
    • $399,000
      1,901 SF

      Charming Two-Family Home

      Well-maintained two-family home with rental or investment potential.
      127 Booth St, New Britain, CT 06053
      View Details
    • $299,000

      New Britain Duplex Investment Opportunity

      Spacious duplex near CCSU with renovation potential.
      531 Allen St, New Britain, CT 06053
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Commercial Lot For Lease

      4-acre commercial lot for lease in New Britain, CT.
      723 Farmington Ave, New Britain, CT 06053
      View Details
    • $1,650 /Mo

      Modern 2-Bedroom Apartment in New Britain

      Remodeled apartment near CCSU with modern amenities and convenient location.
      98 Carlton St, New Britain, CT 06053
      View Details
    • $1,400 /Mo

      Charming Apartment in Little Poland

      Spacious 2-bedroom apartment near shopping, restaurants, and CCSU.
      18 Carmody St, New Britain, CT 06053
      View Details
    • Contact for pricing
      900 SF

      Updated Apartment with Open Layout

      Updated 2-bedroom apartment with modern amenities and convenient on-site facilities.
      923 West Main St, New Britain, CT 06053
      View Details
    • $1,700 /Mo

      Updated Two-Bedroom Apartment For Rent

      First-floor, updated 2-bedroom apartment with in-unit laundry.
      37 Wakefield Ct, New Britain, CT 06053
      View Details
    • Contact for pricing
      948 SF

      Remodeled Apartment Near Pulaski Park

      Remodeled 2-bedroom apartment with modern amenities and convenient location.
      329 Broad St, New Britain, CT 06053
      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.
    50 Curtin St
    New Britain, CT 06053
    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
    50 Curtin St, New Britain, CT, 06053
    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!