Technical
Financial
Distress signals
Property profile

101 Progress Dr Manchester, CT 06042

OFF-MARKET
Industrial properties
Property ID
US15-0937880
4,900 SF 2.45 ac lot Built 1997
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,900 SF
Lot 2.45 ac (106,722 SF)
Zoning code IND
APN MANC M:105 B:4670 L:101
UPID US15-0937880

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor
  • General Contractor Construction Company

Location

101 Progress Dr Manchester, CT 06042-2294
Manchester metro Census 514101 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$360k
Blend (final) Blend
$465k

Owner & transaction history

since 2022
Last sale
$550,000
2 recorded transactions
2022
$550,000
1996
$49,000

Zoning & alternative use

IND · Manchester, CT
Zoning description

An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas

General category INDUSTRIAL
Top alternative use upside
Retail stores $565,000 +105.6%
Office building $540,000 +96.8%
Auto repair, garage $490,000 +79.1%

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
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