29 Naek Rd Vernon, CT 06066
- Manufacturing properties
- 21,540 SF
- 2.19 lot acres
Current Use by Public Records
- Medical Practice Partners, LLC / Medical Billing Service
- Nth Degree Solutions, LLC / Computer Service / E-Commerce Service
- The Cleaning Authority - Vernon / House Cleaning Service
- Hockanum Valley Community Council - Food Distribution Center / Food Bank
- Joseph Bartoszek / General Practitioner / Physician Assistant
Property Details for 29 Naek Rd
- Year built
- 1989
- Construction
- STEEL FRAME
- Lot size
- 2.19 lot acres
- Property size
- 21,540 SF
- Zone code
- SED
- Property type
- Manufacturing properties
- APN
- VERN M:03 B:0004 L:008-3
- APU
- VERNM03B0004L0083
Description
This ±21,540 square foot industrial/flex property, located at 29 Naek Road in Vernon, CT 06066, presents a compelling investment opportunity. Built in 1996, the single-story building sits on a substantial 2.64-acre lot, offering ample space and potential. The property boasts six loading docks, a 15-foot clear ceiling height, and 100 parking spaces, catering to a variety of operational needs. Currently, three long-term tenants occupy the space, with existing rental income significantly below current market rates, suggesting strong potential for increased revenue. The property is zoned GB and benefits from a convenient location east of the Connecticut River, providing easy access to major highways, regional markets, and the airport. Recent improvements include a new roof. This well-maintained property is ideal for an owner-user seeking a blend of industrial and flex space, or for an investor looking for a strong return on investment. The property's size, features, and location combine to create a highly desirable asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $705,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $760,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $790,000
- Retail
- $805,000
- Mixed-Use
- $795,000
- Hospitality
- $750,000
- Educational
- $685,000
- Residential Income
- $765,000
- Energy
- $695,000
- Income-Based Land
- $690,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Vernon
- County
- Tolland
- State
- Connecticut
- Longitude
- -72.4935
- Latitude
- 41.8391
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
