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    Property profile & analytics

    15 Massirio Dr Berlin, CT 06037-2300

    • Office buildings
    • 20,200 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimation
    $2,380,000
    Last Sale
    Dec 13, 2022
    $2,350,000
    Location Intelligence
    Property ID
    US15-0844536
    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

    • Central Ct Physical Medicine / Physical Therapist
    • Jacunski Humes Architects, LLC / Architect
    • Czepiga Daly Pope & Perri / Estate Planning Attorney / Elder Law Attorney
    • Northstar Financial / Financial Consultant

    Property Details for 15 Massirio Dr

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.98 lot acres
    Property size
    20,200 SF
    Zone code
    PI
    Property type
    Office buildings
    APN
    BERL M:9-4 B:83A L:2B
    APU
    BERLM94B83AL2B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,125,000
      6.5%
      $2,175,000
      7%
      $2,285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,070,000
      Geo Method
      $2,675,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,755,000
      Retail
      $2,665,000
      Mixed-Use
      $2,060,000
      Hospitality
      $2,445,000
      Educational
      $2,415,000
      Residential Income
      $2,455,000
      Energy
      $2,725,000
      Income-Based Land
      $2,620,000
      Food Service
      $2,710,000

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7536
    Latitude
    41.6315
    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
    $49,102
    $178,200
    $1,482,900
    $1,661,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $410,000
      11,232 SF

      1436 Berlin Tpke

      OFFICE BUILDING • 11,232 SF
      1436 Berlin Tpke, Berlin, CT 06037-3230
      View Details
    • Value Estimation
      $400,000
      3,564 SF

      320 New Britain Rd

      OFFICE BUILDING • 3,564 SF
      320 New Britain Rd, Berlin, CT 06037-1319
      View Details
    • Value Estimation
      $240,000
      1,589 SF

      534 New Britain Rd

      OFFICE BUILDING • 1,589 SF
      534 New Britain Rd, Berlin, CT 06037-2151
      View Details
    • Value Estimation
      $390,000
      3,407 SF

      855 Berlin Tpke

      OFFICE BUILDING • 3,407 SF
      855 Berlin Tpke, Berlin, CT 06037-2444
      View Details
    • Value Estimation
      $260,000
      2,912 SF

      365 Main St

      OFFICE BUILDING • 2,912 SF
      365 Main St, Berlin, CT 06037-2665
      View Details
    • Value Estimation
      $315,000
      2,237 SF

      785 Farmington Ave

      OFFICE BUILDING • 2,237 SF
      785 Farmington Ave, Berlin, CT 06037-1302
      View Details

    Similar Nearby for Sale

    • $2,700,000
      30,120 SF

      30,120 SF Two Office Buildings on 1.87 AC

      30,120 SF Two Office Buildings on 1.87 AC
      279 New Britain Rd, Berlin, CT 06037
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    • $3,900,000
      35,270 SF

      Mill Street Development Opportunity

      35,270 SF in three buildings with development potential.
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    • $250,000

      Renovated Office Condo in Berlin

      Fully renovated 1,908 SF office condo for sale.
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    • $1,695,000
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      Berlin Commercial Property - Prime Location

      Established Restaurant, Event Space, FF&E Included
      237 New Britain Rd, Berlin, CT 06037
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    • $1,300,000
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      Berlin Turnpike Retail Investment Opportunity

      4,301 SF retail building with high visibility on Berlin Turnpike.
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    • $424,900

      Land For Sale

      Land available for sale.
      97 Longview Dr, Berlin, CT 06037
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,360 SF

      Berlin Turnpike Office Space Available

      Versatile office space for rent on the Berlin Turnpike.
      1436 Berlin Tpke, Berlin, CT 06037
      View Details
    • $13 SF/Yr

      Professional Office Space in Berlin

      5,000 SF office space available for sublease.
      259 New Britain Rd, Berlin, CT 06037
      View Details
    • $1,600 /Mo
      1,160 SF

      Berlin Office Space For Lease

      First-floor office space with private offices, reception, and parking.
      979 Farmington Ave, Berlin, CT 06037
      View Details
    • $2,025 /Mo
      2,400 SF

      Medical Office Space For Rent

      2400+ sqft medical space in a brick building.
      320 New Britain Rd, Berlin, CT 06037
      View Details
    • $1,750 /Mo
      1,800 SF

      Prime Commercial Space on Farmington Avenue

      Versatile commercial space suitable for office, retail, or medical use.
      925 Farmington Ave, Berlin, CT 06037
      View Details
    • Contact for pricing
      30,120 SF

      Prime Berlin Office & Land Investment

      Spacious Office Building, 1.87 Acres
      259-279 New Britain Rd, Berlin, CT 06037
      View Details
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    15 Massirio Dr
    Berlin, CT 06037-2300
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    Realmo Value Estimation

    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.

    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.

    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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