Property profile

133 Louis St Newington, CT 06111

OFF-MARKET
Warehouses
Property ID
US15-0609787
8,504 SF 2 ac lot Built 1980
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Newington, CT opportunity presents two available medical office suites, ranging from 150 to 200 square feet each, within an 8,000 square foot Class B building at 133 Louis St, zip code 06111. Located in the Hartford, New Britain submarket (Berlin, Farmington, Wethersfield cluster), this property offers a turnkey solution for solo practitioners or small therapeutic practices seeking a professional and convenient workspace. Built in 1980, the building is situated in Hartford County and benefits from easy access to major transportation routes. The space is perfect for those seeking a quiet, professional environment to meet with clients and conduct business. The building's multi-tenant setup fosters a collaborative atmosphere, ideal for professionals seeking a supportive community. The suites are ready for immediate occupancy, allowing for a seamless transition and minimal setup time. This is a fantastic opportunity to establish or expand your practice in a prime location. The property is conveniently located near the turnpike, offering excellent accessibility for both clients and staff.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1980
Construction BRICK
Total area 8,504 SF
Lot 2 ac (87,120 SF)
Zoning code PD
APN NEWI M:27 B:1 L:0
UPID US15-0609787

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
  • Alternative Medicine Practice Spa & Massage Center
  • Gym & Fitness Center
  • Physician
  • Alternative Medicine Practice
  • Marriage Or Relationship Counselor

Location

133 Louis St Newington, CT 06111-4517
Newington metro Census 494100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$425k

Owner & transaction history

since 2007
7 recorded transactions
2010
Price N/A
2007
$935,000
2006
$300,000
2005
$450,000
1992
Price N/A
1992
Price N/A
1990
$510,000

Zoning & alternative use

PD · Newington, CT
Zoning description

Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak stati…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Retail stores $860,000 +81.1%
Auto repair, garage $760,000 +60.6%
Apartment house (5+ units) $745,000 +56.8%

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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