Property profile

16 Spg Ln Ste 1 Farmington, CT 06032

OFF-MARKET
Office Spaces
Property ID
US15-0256473
3,030 SF 1.5 ac lot Built 1985
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1985
Total area 3,030 SF
Lot 1.5 ac (65,340 SF)
Zoning code CR
APN FARM M:0137 B:12-177500161
UPID US15-0256473

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16 Spg Ln Ste, Unit 1 Farmington, CT 06032-3177
Farmington metro Census 460204 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2012
6 recorded transactions
2012
$257,000
2006
$195,000
2006
$225,000
1989
$573,800
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CR · Farmington, CT
Zoning description

The Intent of this to promote Industrial Uses

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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