Property profile

259-279 New Britain Rd Berlin, CT 06037

OFF-MARKET
Office Spaces
30,120 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property at 259-279 New Britain Road in Capitol County offers a unique investment opportunity. The property encompasses a substantial 30,120 square foot office building situated on a generous 1.87-acre lot. The building is currently configured as a single-tenant occupancy, presenting a significant opportunity for a variety of uses. Within the main building, there is a 5,200 square foot area featuring a blend of private offices and open workspace, designed for optimal functionality and accessibility. The building is handicap accessible, catering to a diverse range of potential tenants. In addition to the main office space, a 2,400 square foot ground floor area is available, accessed via a ramp and eight stairs. This lower-level space previously served as a medical office, offering potential for similar uses or adaptable conversion. The property's size and location make it ideal for a range of commercial ventures, from professional offices to medical practices or other businesses requiring ample space and convenient access. The locally owned and managed building ensures a commitment to quality and tenant satisfaction. This property presents a rare opportunity to acquire a substantial and versatile commercial space in a desirable location. The combination of office space and expansive land provides significant potential for future development or expansion.

Property profile

Verified
Property type Office Spaces
Total area 30,120 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

259-279 New Britain Rd Berlin, CT 06037
Berlin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 259-279 New Britain Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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