Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13 Furnace Ave Stafford Springs, CT 06076-2215
    Back to Search
    Property profile & analytics

    13 Furnace Ave, Stafford Springs, CT 06076-2215

    View on Map
    • Showrooms
    • 2,970 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Aug 11, 2020
    $166,000
    Property ID
    US15-0350729
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OrchardWorks Magic Wands / Department Store

    Property Details for 13 Furnace Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Zone code
    CB
    Property type
    Showrooms
    APN
    STAF M:51 L:114
    APU
    STAFM51L114

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 11, 2020 $166,000 Janet Simon LLC Karl Riendeau Warranty Deed $45k · Karl Riendeau
    Mar 3, 2003 $125,000 Karl Riendeau Springs House LLC Warranty Deed —
    Mar 22, 2001 — House Springs — Deed Of Trust · related $27k · Omeowners Finance Co
    Oct 16, 2000 $45,000 Springs House LLC Webster Bk Grant Deed —
    Jul 10, 1991 $100,000 David J Moracini Dadalt,paul M Warranty Deed $94k · Manchester State Bk
    Jul 10, 1991 — David J Moroscini — Deed Of Trust · related $10k · Zwi Kohorn

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stafford Springs
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.3022
    Latitude
    41.9545
    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
    2023
    $4,945
    $21,840
    $104,020
    $125,860
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,418 SF

      86 Main St

      SHOW ROOM, WAREHOUSE
      86 Main St, Stafford Springs, CT 06076-1492
      View Details
    • Value Estimation by Request
      3,542 SF

      52 Main St

      SHOW ROOM, WAREHOUSE
      52 Main St, Stafford Springs, CT 06076-1413
      View Details
    • Value Estimation by Request
      7,292 SF

      75 Main St

      SHOW ROOM, WAREHOUSE
      75 Main St, Stafford Springs, CT 06076-1410
      View Details
    • Value Estimation by Request
      1,840 SF

      58 Main St

      SHOW ROOM, WAREHOUSE
      58 Main St, Stafford Springs, CT 06076-1413
      View Details
    • Value Estimation by Request
      3,762 SF

      18 Stafford Rd

      SHOW ROOM, WAREHOUSE
      18 Stafford Rd, Stafford Springs, CT 06076-1067
      View Details
    • Value Estimation by Request
      3,497 SF

      79 Stafford Rd

      SHOW ROOM, WAREHOUSE
      79 Stafford Rd, Stafford Springs, CT 06076-5207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Former Gas Station Retail Building

      Single-story retail building on a corner parcel.
      10 River Rd, Stafford Springs, CT 06076
      View Details
    • Contact for pricing
      6,782 SF

      Stafford Springs Retail Investment Opportunity

      Retail property with long-term tenant in Stafford Springs, CT.
      67 W Stafford Rd, Stafford Springs, CT 06076
      View Details
    • $160,000
      2,036 SF

      72 Stafford Rd, Stafford, CT 06076

      Commercial real estate
      72 Stafford Rd, Stafford, CT 06076
      View Details
    • $425,000
      5,895 SF

      Stafford Commercial Property & Apartments

      Profitable Auto Business & Rentals
      76 Stafford Rd, Stafford, CT 06076
      View Details
    • $279,900
      11.02 Acres

      Stafford Commercial Land & Building

      Prime Stafford location, 11 acres, high visibility.
      80 Stafford Rd, Stafford, CT 06076
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,700 SF

      Community Shopping Center Retail Space

      Retail spaces available in a 95,000 SF community center.
      87 W Stafford Rd, Stafford Springs, CT 06076
      View Details
    • Contact for pricing

      Stafford Retail Space Available

      Retail spaces available, ranging from 862 to 25,753 SqFt.
      87 W Stafford Rd, Stafford, CT 06076
      View Details
    • $1,700 /Mo
      1,845 SF

      Versatile Commercial Property on Highway

      1845 sq ft commercial space with modification options.
      130 West Stafford Rd, Stafford, CT 06076
      View Details
    • $2,500 /Mo
      1,845 SF

      Versatile Commercial Property For Rent

      1845 sq ft commercial space on well-traveled State Highway.
      130 West Stafford Rd, Stafford, CT 06076
      View Details
    • $1,300 /Mo
      4,035 SF

      Stafford Apartment Near Lake

      One-bedroom apartment with utilities included, near Staffordville Lake.
      2 Lyons Rd, Stafford, CT 06076
      View Details
    • $1,300 /Mo

      Stafford Apartment Near Lake

      One-bedroom apartment near Staffordville Lake with included utilities.
      2 Lyons Rd, Stafford, CT 06076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13 Furnace Ave
    Stafford Springs, CT 06076-2215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13 Furnace Ave, Stafford Springs, CT, 06076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!