160 Chapel Rd Manchester, CT 06042
Property profile & analytics
160 Chapel Rd Manchester, CT 06042
- Industrial properties
- 21,940 SF
- 5.00 lot acres
Property ID
US15-0511597
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.
Location Intelligence
Current Use by Public Records
- Sheepdog Traffic Management LLC / Construction Company
- Ion Investments / Corporate Office / Financial Advisor
- MMNT Certified Public Accountants / Accounting Firm / Tax Preparation
- WSDK / Radio Station / Telecommunications Service
- Vertex Analytics / Consultant
Property Details for 160 Chapel Rd
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 5.00 lot acres
- Property size
- 21,940 SF
- Zone code
- IND
- Property type
- Industrial properties
- APN
- MANC M:2 B:1060 L:160
- APU
- MANCM2B1060L160
Description
This exceptional three-story office building, located at 160 Chapel Road in Manchester, Connecticut, presents a rare opportunity to acquire a fully occupied investment property. Boasting 21,940 square feet of space, this Class B building offers a blend of executive and traditional office suites, catering to a diverse tenant base. Constructed in 1986 and extensively renovated in 2019, the property is in excellent condition and benefits from a desirable park-like setting. The building sits on a generous 5.09-acre lot and features a finished basement, adding to its overall functionality. Currently operating under a gross lease structure with multiple tenants, the property enjoys 100% occupancy, providing immediate and substantial cash flow. Its strategic location offers easy access to major transportation arteries, including I-291 and I-84, as well as the convenience of nearby Buckland Mall. The asking price is $2,230,000, translating to a price per square foot of $101.64. This represents a compelling investment opportunity in a thriving Connecticut market. The property's strong occupancy rate, recent renovations, and prime location make it an attractive asset for discerning investors seeking stable income and long-term appreciation potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,155,000
- ML approach
- $1,130,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,613,000
- AI Estimate
- $1,091,000
Market price range: $530k - $1.61MMarket price range: $407k - $1.16M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,230,000 Current use
- AUTO REPAIR, GARAGE
- $2,200,000 Change: +79% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,075,000 Change: +69% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,970,000 Change: +60% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,225,000 Change: -0% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.5747
- Latitude
- 41.7969
- 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
$46,031
$239,400
$998,000
$1,237,400
-
$0.00
$0.00
$0.00
