Financial
Distress signals
Property profile

2199 Berlin Tpke Newington, CT 06111

FOR LEASE
Retail space
View Listing
Property ID
US15-0078131
1,816 SF 0.51 ac lot Built 1910
Last sale Nov 2022 · $375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This property is a commercial storefront that has historically operated as a liquor store for more than 50 years and is configured for reuse as either retail or office space. It provides approximately 1,500 square feet of space at the storefront level with a second-floor area that can serve as office space or an apartment. The building’s storefront is positioned for roadside visibility and is situated in a location with an estimated high daily traffic volume of about 30,000 vehicles. The site includes ample on-site parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$209k
Assessed land$158k
Assessed improvement$51k
Effective rate3.84%

Value estimate

· Sep 2026
$375k
$338k – $413k
AI approach$365k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$3k
Operating expenses−$7k
NOI · 84,765.00% cap applied$17k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$101/SF
Submarket average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$50 – $146

Cap rate analysis

How does the asset earn?
84,765.00%
$17k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-BT
Section 3.15 Special Permits Allowed in B-BT Business Berlin Turnpike Zone The following uses are declared to possess such special charac...
General categoryCOMMERCIAL
JurisdictionNEWINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop26.6
Building Supply26.0
Auto Repair Shop25.5

Location

2199 Berlin Tpke Newington, CT 06111
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
548 New Britain, Newington, CT 06111-4349 $440,000 Mar 2025 1,344 SF
456 New Britain, Newington, CT 06111-4342 $500,000 Aug 2024 3,834 SF
15 Hartford, Newington, CT 06111-2025 $309,167 Oct 2023 2,292 SF
2221 Berlin, Newington, CT 06111-3201 $515,000 Aug 2022 4,570 SF
847 Main, Newington, CT 06111-2471 $159,000 Jun 2022 991 SF
95 Kitts, Newington, CT 06111-3954 $295,000 Mar 2021 2,900 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
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