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    Property profile & analytics

    16 Progress Cir Ste 2a Newington, CT 06111-5543

    • Industrial properties
    • 1,380 SF
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US15-0161898
    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

    • Progress Inc / Machine Shop / Drafting Service
    • Alliance Graphics Inc. - Print Media Solutions / Store / Commercial Printer
    • AJ Tool Co / Machine Shop
    • B&B Overhead Door LLC / Garage Door Supplier
    • HangTimeUSA / Sporting Goods Store

    Property Details for 16 Progress Cir Ste 2a

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,380 SF
    Zone code
    PD
    Property type
    Industrial properties
    APN
    NEWI M:31 B:27 L:2A
    APU
    NEWIM31B27L2A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $390,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $330,000
      Mixed-Use
      $330,000
      Hospitality
      $360,000
      Educational
      $440,000
      Residential Income
      $360,000
      Energy
      $385,000
      Income-Based Land
      $440,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7367
    Latitude
    41.6556
    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
    $2,949
    $0.00
    $76,870
    $76,870
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      86,000 SF

      205 Kelsey St

      Office space • 86,000 SF
      205 Kelsey St, Newington, CT 06111
      View Details
    • Value Estimation by Request
      63,000 SF

      175 Lowrey Pl

      Restaurants • 63,000 SF
      175 Lowrey Pl, Newington, CT 06111
      View Details
    • Value Estimation by Request
      2.68 Acres

      103 Louis St

      Land • 2.68 Acres
      103 Louis St, Newington, CT 06111
      View Details
    • Value Estimation by Request
      4.19 Acres

      667 Mtn Rd, Unit 683

      INDUSTRIAL (GENERAL) • 4.19 Acres
      667 Mtn Rd, Newington, CT 06111-1349
      View Details
    • Value Estimation by Request
      5.60 Acres

      665 New Britain Ave

      INDUSTRIAL (GENERAL) • 5.60 Acres
      665 New Britain Ave, Newington, CT 06111-4369
      View Details
    • Value Estimation
      $300,000
      3,032 SF

      365 Willard Ave Ste 2k

      CONDOMINIUMS (INDUSTRIAL) • 3,032 SF
      365 Willard Ave Ste 2k, Newington, CT 06111-2316
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Newington Specialty Property For Sale

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      Residential income property available for purchase.
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    Similar Nearby for Lease

    • $7 SF/Yr
      5,100 SF

      Industrial Space Available For Rent

      Industrial property with 5,100 square feet available for rent.
      156 Pane Rd, Newington, CT 06111
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    • Contact for pricing
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      14,000 square foot industrial warehouse space available for rent.
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    • Contact for pricing
      5,400 SF

      Newington Flex/Industrial Space Available

      5,400 SF flex/industrial space for lease in Newington, CT.
      103 Louis St, Newington, CT 06111
      View Details
    • $12 SF/Yr
      63,000 SF

      175 Lowrey Pl: Retail Space Available

      Newington, CT retail/restaurant space. Multiple units available.
      175 Lowrey Pl, Newington, CT 06111
      View Details
    • $20 SF/Yr
      86,000 SF

      Town Line Business Park Offices

      Newington, CT: Flexible Office & Warehouse Space
      205 Kelsey St, Newington, CT 06111
      View Details
    • $10 SF/Yr
      30,000 SF

      Newington Warehouse Space Available

      30,000 square foot warehouse space for rent in Newington.
      385 Stamm Rd, Newington, CT 06111
      View Details
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    16 Progress Cir Ste 2a
    Newington, CT 06111-5543
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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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