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Financial
Distress signals
Property profile

151 Kitts Ln Newington, CT 06111

FOR LEASE
Manufacturing properties
Property ID
US15-0833184
2,000 SF 0.31 ac lot Built 1955
Last sale May 2017 · $225,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail building located on Kitts Lane, directly across from a retail power center and positioned along the Berlin Turnpike area. It contains two separate retail suites, each with independently metered utilities, which allows for multiple tenants or independently operated business uses. The building has a total size of approximately 2,000 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$158k
Assessed land$74k
Assessed improvement$84k
Effective rate3.84%

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$4k
Operating expenses−$10k
NOI · 1,130.20% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 74 recorded sales of this use type
Observed band · Q1–Q3$34 – $82

Cap rate analysis

How does the asset earn?
1,130.20%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-BT
Section 3.15 Special Permits Allowed in B-BT Business Berlin Turnpike Zone The following uses are declared to possess such special charac...
General categoryCOMMERCIAL
JurisdictionNEWINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant35.9
Realty agency33.8
Building Supply32.2

Location

151 Kitts Ln Newington, CT 06111
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
215 Pascone, Newington, CT 06111-4524 $750,000 Jul 2025 9,300 SF
240 Pane, Newington, CT 06111-5527 $4,000,000 May 2024 94,020 SF
101 Rockwell, Newington, CT 06111-5535 $1,300,000 Jan 2022 24,232 SF
108 Liberty, Newington, CT 06111-3453 $215,000 Oct 2021 2,370 SF
53 Rockwell, Newington, CT 06111-5535 $710,000 Apr 2021 13,198 SF
780 Mtn, Newington, CT 06111-1415 $560,000 Jun 2020 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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