Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1343 Sullivan Ave South Windsor, CT 06074-2776

    • Office properties & Spaces
    • 2,530 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0604435
    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

    • Real Estate Divorce General Law Mediations / Law Firm
    • Money Market Mortgage LLC / Loan Service / Bank
    • Attorney Keith Yagaloff, Keith Yagaloff, PC / Law Firm
    • Connecticut Custody and Divorce Mediations - Attorney Yagaloff / Law Firm
    • Clinical Connections, LLC / Foster Care Service / Social Service Agency

    Property Details for 1343 Sullivan Ave

    Year built
    1876
    Lot size
    1.20 lot acres
    Property size
    2,530 SF
    Zone code
    GC
    Property type
    Office properties & Spaces
    APN
    SWIN M:76 B:21 L:B
    APU
    SWINM76B21LB

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5573
    Latitude
    41.8355
    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
    $5,680
    $0.00
    $171,400
    $171,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      32,500 SF

      154 Sullivan Ave

      Restaurants • 32,500 SF
      154 Sullivan Ave, South Windsor, CT 06074
      View Details
    • Value Estimation
      $4,540,000
      39,530 SF

      2800 Tamarack Ave

      CONDOMINIUM OFFICES • 39,530 SF
      2800 Tamarack Ave, South Windsor, CT 06074-5539
      View Details
    • Value Estimation by Request
      1,418 SF

      225 Oakland Rd Ste, Unit 101

      CONDOMINIUM OFFICES • 1,418 SF
      225 Oakland Rd Ste, South Windsor, CT 06074-2896
      View Details
    • Value Estimation by Request
      1,170 SF

      1340 Sullivan Ave Ste 2c

      CONDOMINIUM OFFICES • 1,170 SF
      1340 Sullivan Ave Ste 2c, South Windsor, CT 06074-2762
      View Details
    • Value Estimation by Request
      1,008 SF

      1050 Sullivan Ave Ste A1

      CONDOMINIUM OFFICES • 1,008 SF
      1050 Sullivan Ave Ste A1, South Windsor, CT 06074-2000
      View Details
    • Value Estimation by Request
      555 SF

      469 Buckland Rd

      CONDOMINIUM OFFICES • 555 SF
      469 Buckland Rd, South Windsor, CT 06074-3737
      View Details

    Similar Nearby for Sale

    • $1,200,000
      8,900 SF

      South Windsor Industrial/Commercial Facility

      8,900 sq ft industrial/commercial facility on 1.2 acres.
      151 Strong Rd, South Windsor, CT 06074
      View Details
    • Contact for pricing
      1,469 SF

      South Windsor Office Building For Sale

      Office building with parking on a large lot for sale.
      35 Oakland Rd, South Windsor, CT 06074
      View Details
    • $499,900
      13,220 SF

      Versatile Commercial/Industrial Property For Sale

      Flexible commercial property with office, warehouse, and yard space.
      450 Burnham St, South Windsor, CT 06074
      View Details
    • Contact for pricing
      1,933 SF

      Professional Office Condo For Sale

      Professional office condominium in South Windsor's Westview Office Park.
      1050 Sullivan Ave, South Windsor, CT 06074
      View Details
    • $875,000
      5,281 SF

      Renovated Flex Commercial Asset

      Fully renovated flex commercial property with income diversification potential.
      240 Chapel Rd, South Windsor, CT 06074
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Retail Plaza in South Windsor

      New construction medical/retail plaza with high visibility and traffic.
      1 Buckland Rd, South Windsor, CT 06074
      View Details
    • Contact for pricing
      588 SF

      South Windsor Office Condo

      Office condo for lease in South Windsor, Connecticut.
      469 Buckland Rd, South Windsor, CT 06074
      View Details
    • $720 /Mo
      230 SF

      Move-in Ready Therapeutic Office Suite

      Professional office suite perfect for therapists, counselors, and healthcare providers.
      85 Felt Rd, South Windsor, CT 06074
      View Details
    • Contact for pricing

      Prime Retail/Office Build To Suit

      Build-to-suit opportunity near major routes with ample frontage.
      154 Sullivan Ave, South Windsor, CT 06074
      View Details
    • New
      $1,900 /Mo
      1,500 SF

      South Windsor Commercial Space Available

      High bay space in industrial park with highway access.
      1518 John Fitch Blvd, South Windsor, CT 06074
      View Details
    • $1,250 /Mo

      Versatile Commercial Space for Rent

      Flexible commercial space suitable for office, retail, or distribution.
      400 Chapel Rd, South Windsor, CT 06074
      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.
    1343 Sullivan Ave
    South Windsor, CT 06074-2776
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!