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    140 Albany Tpke Canton, CT 06019
    Property profile & analytics

    140 Albany Tpke, Canton, CT 06019

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    • Commercial real estate
    • 1.66 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Retail Space on Route 44 For Lease
    $17 SF/Yr
    8,500 SF

    Retail Space on Route 44

    Retail space with high visibility and traffic count.

    140 Albany Turnpike, Canton, CT 6019
    View Listing
    Property ID
    US15-1055198
    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
    $1,800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Head First Hair Design and Company / Hair Salon
    • Valley Ballet / Training Center
    • Dunkin' / Cafe & Coffee Shop
    • Timeless Tanning & Boutique / Tanning Salon
    • M NAIL SPA / Nail Salon

    Property Details for 140 Albany Tpke

    Lot size
    1.66 lot acres
    Zone code
    CVDVD
    Property type
    Commercial real estate
    APN
    CANT M:32 B:101 L:0140
    APU
    CANTM32B101L0140

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 3, 2024 $1,800,000 Albany 140 LLC 140 LLC Warranty Deed $125k · Torrington Savings Bank
    May 27, 1999 — Henry J Bahre — Deed Of Trust · related $675k · Thomaston Savings Bank
    Jun 26, 1987 — Henry Bahre — Deed Of Trust · related $890k · Springfield Inst Svgs

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8904
    Latitude
    41.8232
    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
    2024
    $47,409
    $435,750
    $952,500
    $1,388,250
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,315,000
      23,048 SF

      250 Albany Tpke

      COMMERCIAL (GENERAL)
      250 Albany Tpke, Canton, CT 06019-2521
      View Details
    • Value Estimation
      $1,605,000
      21,924 SF

      220 Albany Tpke, Unit 12

      COMMERCIAL CONDOMINUIM
      220 Albany Tpke, Canton, CT 06019-2568
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    • Value Estimation by Request
      7,191 SF

      325 Commerce Dr

      COMMERCIAL (GENERAL)
      325 Commerce Dr, Canton, CT 06019-2478
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    • Value Estimation by Request
      0.37 Acres

      248 Albany Tpke

      COMMERCIAL (GENERAL)
      248 Albany Tpke, Canton, CT 06019-2521
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    • Value Estimation by Request
      0.11 Acres

      30 Brg St

      COMMERCIAL (GENERAL)
      30 Brg St, Collinsville, CT 06019-3194
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    • Value Estimation by Request
      3,719 SF

      3 Riv St

      SHOW ROOM, WAREHOUSE
      3 Riv St, Collinsville, CT 06019-3189
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Development

      Land suitable for retail, commercial, or residential development.
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      View Details
    • New
      Contact for pricing

      High-Visibility Pad Site

      A high-visibility pad site with substantial frontage and daily traffic, positioned for a range of retail and service development.
      18 Albany Tpke, Canton, CT 06019
      View Details
    • Contact for pricing
      1 SF

      Prime Canton Land For Sale

      One-acre pad site in Farmington Valley with high visibility.
      18 Albany Tpke, Canton, CT 06019
      View Details
    • $450,000

      Canton Office Building Investment Opportunity

      Profitable office building with long-term tenants and high visibility.
      324 Albany Tpke, Canton, CT 06019
      View Details
    • Contact for pricing
      1,500 SF

      Downtown Collinsville Retail/Office Space

      1500 sqft retail/office space in downtown Collinsville.
      13 River St, Canton, CT 06019
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,500 SF

      Downtown Collinsville Retail/Office Space

      Retail/office space in downtown Collinsville with flexible layout.
      13 River St, Canton, CT 06019
      View Details
    • $2,595 /Mo

      Canton Ridge Apartment Living

      Apartment complex with modern amenities and beautiful views in Canton.
      5 Cherry Brook Rd, Canton, CT 06019
      View Details
    • Contact for pricing
      1,188 SF

      Canton Ridge Apartment Living

      Apartment complex with modern amenities in Canton, Connecticut.
      5 Cherry Brook Rd, Canton, CT 06019
      View Details
    • $2,768 /Mo

      Commercial Space in High-Traffic Area

      Versatile commercial space suitable for various professional uses.
      85 River Rd, Canton, CT 06019
      View Details
    • $400 /Mo
      150 SF

      Affordable Canton Office Space Available

      Second level office space with utilities included in Canton, CT.
      324 Albany Tpke, Canton, CT 06019
      View Details

    Property Visit Statistics

    • Visits by month
      19.8k
    • Visitors by month
      10.3k
    • Avg Time on site
      4 min
    View Listing
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    Canton, CT 06019
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    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
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    140 Albany Tpke, Canton, CT, 06019
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