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    Property profile & analytics

    16 Main St Clinton, CT 06413-2057

    • Showrooms
    • 19,380 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $1,645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0734727
    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

    • Hair Works Etc / Hair Salon / Nail Salon
    • Hartford Basement Waterproofing Company / Hardware & Home Improvement / Construction Company
    • Amy's Active Learning / High School / Daycare Center
    • Pearce Real Estate / Real Estate Agency
    • Clinton Sport Shop / (Bike/Boat/Book/etc) Store

    Property Details for 16 Main St

    Year built
    1965
    Construction
    STEEL FRAME
    Lot size
    1.71 lot acres
    Property size
    19,380 SF
    Zone code
    B-3
    Property type
    Showrooms
    APN
    CLIN M:45 B:34 L:1
    APU
    CLINM45B34L1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,773,000
      Market price range: $1.16M - $3.48M
      AI Estimate
      $1,512,000
      Market price range: $1.04M - $3.19M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,420,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,060,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.5288
    Latitude
    41.2782
    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
    $38,317
    $215,500
    $1,069,000
    $1,284,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,360,000
      54,375 SF

      23 Killingworth Tpke

      SHOW ROOM, WAREHOUSE • 54,375 SF
      23 Killingworth Tpke, Clinton, CT 06413-1388
      View Details
    • Value Estimation
      $805,000
      4,678 SF

      108 Main St

      SHOW ROOM, WAREHOUSE • 4,678 SF
      108 Main St, Clinton, CT 06413-1625
      View Details
    • Value Estimation
      $1,125,000
      8,800 SF

      14 Main St

      SHOW ROOM, WAREHOUSE • 8,800 SF
      14 Main St, Clinton, CT 06413-2019
      View Details
    • Value Estimation by Request
      4,052 SF

      93 Old Post Rd

      SHOW ROOM, WAREHOUSE • 4,052 SF
      93 Old Post Rd, Clinton, CT 06413-1814
      View Details
    • Value Estimation by Request
      1,664 SF

      11 Post Ofc Sq

      SHOW ROOM, WAREHOUSE • 1,664 SF
      11 Post Ofc Sq, Clinton, CT 06413-2025
      View Details
    • Value Estimation by Request
      1,408 SF

      150 Main St

      SHOW ROOM, WAREHOUSE • 1,408 SF
      150 Main St, Clinton, CT 06413-2134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Retail Property with Drive-Thru Potential

      Retail property with drive-thru, near major retailers and I-95.
      224-230 E Main St, Clinton, CT 06413
      View Details
    • New
      $975,000
      Pending

      Waterfront Commercial Property with Dock

      B4-zoned waterfront property suitable for professional or live-work use.
      178 W Main St, Clinton, CT 06413
      View Details
    • $75,000
      889 SF

      Clinton Commercial Office Space

      Move-in Ready Office, Great Location
      10 Bluff Ave, Clinton, CT 06413
      View Details
    • $8,500,000
      7,123 SF

      Award-Winning Clinton Vineyard Estate

      Established Winery, Bistro, 38 Acres
      115 Cow Hill Rd, Clinton, CT 06413
      View Details
    • $2,400,000

      Retail and Office Investment Property

      Fully leased retail and office property with long-term tenants.
      250 E Main St, Clinton, CT 06413
      View Details
    • $2,900,000
      4,620 SF

      Clinton Main Street Commercial Trio

      High-traffic retail investment opportunity.
      15-19 Main St, Clinton, CT 06413
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,015 SF

      Retail Space Near Premium Outlets

      Retail spaces available near Clinton Crossing Premium Outlets.
      11 Killingworth Tpke, Clinton, CT 06413
      View Details
    • Contact for pricing
      10,000 SF

      Retail Spaces Available For Lease

      Shop Rite anchored shopping center with spaces for lease.
      266 E Main St, Clinton, CT 06413
      View Details
    • $2,200 /Mo
      1,260 SF

      Downtown Retail Space For Rent

      Retail space in the heart of the downtown shopping district.
      15 East Main St, Clinton, CT 06413
      View Details
    • $2,000 /Mo
      1,540 SF

      Downtown Clinton Commercial Space Available

      Commercial space on busy Rte 1, ideal for restaurant.
      15 E Main St, Clinton, CT 06413
      View Details
    • $3,500 /Mo
      2,300 SF

      Vanilla Box Retail Space Available

      2,300 SF vanilla box retail space ready for customization.
      215 East Main St, Clinton, CT 06413
      View Details
    • $15 SF/Yr
      2,185 SF

      Retail Space in Clinton, CT

      2,184 SF retail space in a well-known Clinton strip center.
      344 E Main St, Clinton, CT 06413
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      4.1k
    • Avg Time on site
      9 min
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    Clinton, CT 06413-2057
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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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