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Property profile & analytics
OFF-MARKET Estimated value $3,020,000
Industrial properties

14 Alcap Rdg Cromwell, CT 06416-1058

106,600 SF 6.4 ac lot Built 1968
Entity Owned 13-yr Hold Free & Clear
Property ID
US15-0546274
Property summary
AI-generated overview

This exceptional 106,600-square-foot industrial property in Cromwell, Connecticut, presents a compelling owner-user or investment opportunity. The fully leased, multi-tenant building boasts a prime location, minutes from I-91, Route 9, and Route 372, offering easy access to major transportation arteries. Situated on a 6.4-acre lot, the property includes 185 parking spaces, recently expanded by the owner. Built in 1988 and extensively renovated in 2012, the two-story structure features energy-efficient upgrades to its electrical system, heating, air infiltration, and lighting. The building's functional design includes four loading docks and five drive-in doors, with ceiling heights ranging from 13 to 18 feet. The property is zoned for commercial and industrial use, making it suitable for a variety of businesses. Its central location between Hartford and New Haven provides convenient access to a robust workforce and ample amenities, including nearby restaurants and shopping. The asking price is $5,295,000, translating to $49.67 per square foot. This represents a strong investment opportunity in a thriving Connecticut market. The property is 100% occupied under a triple net lease (NNN) arrangement.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 106,600 SF
Lot 6.4 ac (278,784 SF)
Zoning code IND
APN CROM M:00325200
UPID US15-0546274
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TRITAC Training Center Gym & Fitness Center
  • North East Quality Services Industrial Manufacturer
  • ATi New England Gym & Fitness Center Sports Field & Court
  • Blue Dragon Judo Club Gym & Fitness Center
  • Advanced Window Systems LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.27M
Blend (final) Blend
$3.02M
Owner & transaction history
14 Alcap LLC · 13 yrs held
14 Alcap LLC
since 2013
3 recorded transactions
2013
Price N/A
2007
Price N/A
2007
Price N/A
Zoning & alternative use
IND · Cromwell, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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