Property profile

143 Marlborough St Portland, CT 06480

FOR LEASE
Other commercial real estate
Property ID
US15-0404795
0.58 ac lot Built 1961
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

A two-building commercial property located on Route 66 in Portland, with approximately 5,000 sq ft total building area and frontage on Route 66 with an estimated 20,700 vehicles passing daily. The main building was constructed in 1958 and is built of concrete, providing about 2,500 sq ft on the main floor. The main floor is divided into two independent, street-level storefronts, each with separate access and associated usable lower-level space. A detached rear structure adds approximately 2,304 sq ft and includes a drive-in overhead door, supporting warehouse, garage, or flex use. The site includes a paved/asphalt parking lot of approximately 13,000 sq ft for on-site parking without vehicle stacking. The property is zoned B2, which permits retail, office, service, and a wide range of commercial uses. Interior comfort is supported by ductless split HVAC throughout, and public water and sewer service are connected.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1961
Construction WOOD FRAME
Lot 0.58 ac (25,265 SF)
Zoning code B2
APN PORT M:020 B:0214
UPID US15-0404795

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
  • Auto Repair Shop
  • Gym & Fitness Center

Location

143 Marlborough St Portland, CT 06480
Portland metro Census 560200 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2022
Last sale
$150,000
2 recorded transactions
2022
$150,000
1991
Price N/A

Zoning & alternative use

B2 · Portland, CT

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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