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    16 Allen Hill Rd Brooklyn, CT 06234
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    16 Allen Hill Rd Brooklyn, CT 06234

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    • Commercial land
    • 1,940 SF
    For Sale
    $3,000,000
    View Listing →
    Prime Commercial Land Opportunity For Sale
    $3,000,000
    999 SF

    Prime Commercial Land Opportunity

    4.6 acres in planned commercial district with high traffic.

    16 Allen Hill Road, Brooklyn, CT 6234
    View Listing
    Property ID
    US15-1034447
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 16 Allen Hill Rd

    Year built
    1900
    Property size
    1,940 SF
    Property type
    Commercial land
    Property subtype
    Cannabis Properties

    Description

    16 Allen Hill Rd Is @4.6 Acres with 377 ft of frontage and Traffic control in place, in the heart of The Planned Commercial District, this would be a great location for a ton of different options. But Perfect Assembled With the remaining 14.1 Acres abutting MLS#170425691. Recently, 5 acres were sold ... to the new neighbors Tractor Supply. There is an original farmhouse sitting on the property now which is currently Occupied. Rt 6 is an up-and-coming business hub with anchor stores such as Walmart, Mc Donalds, Dunkin Donuts, Ocean State Job Lot, and the above-mentioned Tractor Supply, as well as various car dealerships, etc. Traffic counts over 15000 per day. 16 Allen Hill Rd Is a @4.6 Acres as well as 14.1 acres abutting. A Village-style Entertainment complex with shopping, grocery store, specialized medical offices, and other office space or something that would bring the highest best value not only to the buyer but the community as well. Combined These properties will form what could be the most beneficial commercial property on rt 6 the 14.1-acre lot has over 1000 ft of road frontage which spreads over and utilizes the traffic signal on Allen Hill Rd. Cannabis Retail is also permitted based on special permit also available is 9 Allen Hill the .46-acre corner lot MLS#170424866 The remaining Lot mentioned has access, and utility easements in place as well as electric and communications stubbed in at the rear of Tractor supply. Plug and play!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Windham
    State
    Connecticut
    Longitude
    -71.907486
    Latitude
    41.795918

    Comparable in this City

    • $3,000,000
      999 SF

      Prime Commercial Land Opportunity

      4.6 acres in planned commercial district with high traffic.
      16 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $349,500

      Land Across From Walmart

      Land with conceptual plans for retail, storage, apartments, and condos.
      423 Providence Rd, Brooklyn, CT 06234
      View Details
    • $650,000
      1,727 SF

      Corner Lot in Commercial District

      Corner lot in a planned commercial district with traffic control.
      9 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $799,500

      Land Near Walmart Supercenter

      Land suitable for retail, self-storage, apartments, or condos.
      405 Providence Rd, Brooklyn, CT 06234
      View Details

    Similar Nearby for Sale

    • $3,000,000
      999 SF

      Prime Commercial Land Opportunity

      4.6 acres in planned commercial district with high traffic.
      16 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $349,500

      Land Across From Walmart

      Land with conceptual plans for retail, storage, apartments, and condos.
      423 Providence Rd, Brooklyn, CT 06234
      View Details
    • $650,000
      1,727 SF

      Corner Lot in Commercial District

      Corner lot in a planned commercial district with traffic control.
      9 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $799,500

      Land Near Walmart Supercenter

      Land suitable for retail, self-storage, apartments, or condos.
      405 Providence Rd, Brooklyn, CT 06234
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo
      696 SF

      Move-in Ready Furnished Office Space

      Versatile office space in a high-visibility, convenient location.
      144 South Main St, Brooklyn, CT 06234
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    • Contact for pricing
      2,800 SF

      Brooklyn Office Space Opportunity

      Office space available for rent in Brooklyn, Connecticut.
      580 Providence Rd, Brooklyn, CT 06234
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    • New
      $1,750 /Mo
      696 SF

      Move-in Ready Brooklyn Office Space

      Versatile office space in a high-visibility, convenient location.
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      Retail Space Available

      Retail space for rent at 566 Providence Rd.
      566 Providence Rd, Brooklyn, CT 06234
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space with Drive-Thru

      Highly visible retail space with approved food use and drive-thru.
      500 Providence Rd, Brooklyn, CT 06234
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    View Listing
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    Brooklyn, CT 06234
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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.

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