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    Property profile & analytics

    154 New Britain Ave Rocky Hill, CT 06067

    • Office space
    • 9,000 SF
    • 3.00 lot acres
    For Sale
    View listing
    $1,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0854235
    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

    • Royko-Charamut Insurance, LLC / Insurance Agency / Auto Insurance Agency
    • Royko Charamut Insurance LLC: Charamut Edward / Insurance Agency
    • Blue Chip - Indian Eats / Modern Indian Restaurant
    • Dream Cafe / Cafe
    • A Grade Ahead of Rocky Hill / Education Center / Service Establishment

    Property Details for 154 New Britain Ave

    Year built
    2007
    Lot size
    3.00 lot acres
    Property size
    9,000 SF
    Property type
    Office space
    Property subtype
    Coworking space

    Description

    This exceptional commercial property at 154 New Britain Ave, Rocky Hill, CT 06067, offers a unique opportunity for businesses seeking flexible and modern office space. The property boasts a total of 9,000 square feet across three buildings, situated on three acres of land. Built in 2007 and renovated in 2021, this two-story complex features five suites, with 3,000 square feet currently available. Two upper-level spaces, measuring 1,313 and 1,687 square feet respectively, are immediately available and can be combined for a total of 3,000 square feet. The property offers ample parking with 150 spaces available. The location is highly desirable, with excellent visibility and convenient access to I-91, Route 9, and the Berlin Turnpike. The area experiences high traffic volume, with 13,200 vehicles passing daily. This prime location is surrounded by a variety of established businesses, including national chains like CVS, Big Y, Starbucks, and Dunkin', as well as local favorites such as Romano's Pizza, Shear 2000, and several restaurants. The property is zoned commercial and offers a variety of office space options, including executive, coworking, creative, and traditional layouts, making it suitable for a wide range of businesses. The asking rent is $15 per square foot, NNN. Don't miss this chance to secure your ideal office space in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Hill
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6837176
    Latitude
    41.6596895

    Comparable in this City

    • $46 SF/Yr
      14,360 SF

      Rocky Hill Office Space Available

      Class A office suites, coworking, & more.
      175 Capital Blvd, Rocky Hill, CT 06067
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    • $14 SF/Yr
      1,550 SF

      Rocky Hill Retail/Office Spaces

      Multiple retail and office spaces available in Rocky Hill.
      21-53 New Britain Ave, Rocky Hill, CT 06067
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    • $21 SF/Yr
      6,353 SF

      Class A Office Space Available

      Class A office space for rent near downtown Hartford.
      100-200 Corporate Pl, Rocky Hill, CT 06067
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    • $24 SF/Yr
      15,079 SF

      Class A Office Building Space

      Class A office space for rent in Rocky Hill, CT.
      500 Enterprise Dr, Rocky Hill, CT 06067
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    • $19 SF/Yr
      6,553 SF

      Rocky Hill Office Space Available

      Office space for rent in a five-building park.
      805 Brook St, Rocky Hill, CT 06067
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    • $18 SF/Yr
      6,815 SF

      Rocky Hill Office Space Available

      Four-building office property with various configurations for lease.
      1086 Elm St, Rocky Hill, CT 06067
      View Details

    Similar Nearby for Sale

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      Rocky Hill Mixed-Use Investment

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    • $1,450,000
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      Rocky Hill Mixed-Use Investment

      Prime location, high NOI, strong cap rate.
      154 New Britain Ave, Rocky Hill, CT 06067
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      Rocky Hill Specialty Property

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    Similar Nearby for Lease

    • $46 SF/Yr
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      Rocky Hill Office Space Available

      Class A office suites, coworking, & more.
      175 Capital Blvd, Rocky Hill, CT 06067
      View Details
    • $24 SF/Yr
      15,079 SF

      Class A Office Building Space

      Class A office space for rent in Rocky Hill, CT.
      500 Enterprise Dr, Rocky Hill, CT 06067
      View Details
    • $21 SF/Yr
      6,353 SF

      Class A Office Space Available

      Class A office space for rent near downtown Hartford.
      100-200 Corporate Pl, Rocky Hill, CT 06067
      View Details
    • $19 SF/Yr
      14,850 SF

      Rocky Hill Office Space Available

      Office space for rent in a five-building park.
      865 Brook St, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      1,500 SF

      Rocky Hill Office Space Available

      1500 square feet of office space for rent.
      2234 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • $19 SF/Yr
      6,553 SF

      Rocky Hill Office Space Available

      Office space for rent in a five-building park.
      805 Brook St, Rocky Hill, CT 06067
      View Details
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    154 New Britain Ave
    Rocky Hill, CT 06067
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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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