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    51 Shunpike Rd Cromwell, CT 06416

    • Commercial real estate
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US15-1059204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • T-Mobile Authorized Retailer / Cell Phone Store / Cell Phone Accessory Store
    • Massage Envy / Aromatherapy Service / Day Spa
    • Block Advisors / Tax Consultant / Tax Preparation Service
    • cloud world smoke shop / Smoke Shop / Hookah Store
    • Goldfish Swim School - Cromwell / Swimming School / Baby Swimming School

    Property Details for 51 Shunpike Rd

    Zone code
    BUS
    Property type
    Commercial real estate
    APN
    CROM 00107910
    APU
    CROM00107910

    Description

    Cromwell Square Shopping Center presents a prime retail investment opportunity. This busy shopping center, located on Route 372, boasts a total of 21,872 square feet of leasable space, currently featuring 12,675 square feet of vacant space available for immediate occupancy. The center is strategically positioned between I-91 and Route 9, ensuring exceptional regional accessibility and high visibility for tenants. The minimum divisible space is 1,500 square feet, while the maximum contiguous space available is 6,175 square feet, offering flexibility for businesses of various sizes. This is a multi-tenant property, providing a diverse and vibrant shopping environment. Noteworthy is the ongoing construction of a Shop Rite and a Marshalls, which will significantly enhance the center's draw and foot traffic. This presents a unique chance to establish a presence in a rapidly developing retail hub with strong potential for growth and return on investment. The property's high-traffic location and the addition of major anchor tenants make this an exceptional opportunity for discerning investors seeking a thriving retail space. Contact us today to learn more about leasing opportunities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6767
    Latitude
    41.6058
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2016
    $8,239
    $0.00
    $245,000
    $245,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      100 Berlin Rd

      SHOW ROOM, WAREHOUSE • 245,644 SF
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      160 Ww St

      COMMERCIAL (GENERAL)
      160 Ww St, Cromwell, CT 06416-2441
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    • Value Estimation
      $310,000
      1,200 SF

      28 Shunpike Rd Ste, Unit 4

      COMMERCIAL CONDOMINUIM • 1,200 SF
      28 Shunpike Rd Ste, Cromwell, CT 06416-2454
      View Details

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    Similar Nearby for Lease

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      21,872 SF

      Cromwell Square Shopping Center

      High-traffic retail space, Route 372
      51 Shunpike Rd, Cromwell, CT 06416
      View Details
    • $650 /Mo
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      Cromwell Retail Space For Lease

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    51 Shunpike Rd
    Cromwell, CT 06416
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    Realmo Value Estimation

    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.

    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.

    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
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