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Property profile & analytics
OFF-MARKET Estimated value $1,095,000
Industrial properties

161 Park Rd Putnam, CT 06260-3032

40,560 SF 6.77 ac lot Built 1976
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US15-1025435
Property summary
AI-generated overview

This exceptional 42,000 square foot industrial property in Putnam, Connecticut, presents a compelling investment opportunity. Situated on a generous 6.77-acre lot, this facility boasts a versatile layout ideal for distribution, warehousing, or manufacturing. The main building features approximately 42,000 square feet of space, complemented by an additional 6,000+ square feet of high-quality storage. A 2,200+ square foot office area provides ample administrative space. The property benefits from convenient access to I-395, ensuring efficient transportation. Infrastructure includes public water, sewer, and natural gas services, along with robust 3,000+ amp three-phase electrical service provided by Eversource. The building features a newer membrane roof (installed in 2015), ensuring long-term durability. Loading capabilities include one grade-level loading dock and two dock-high doors equipped with manual levelers and bumpers. The clear ceiling height is 13'4", offering ample vertical space for storage and operations. The property is air-conditioned for optimal comfort. The large paved lot provides extensive space for maneuvering and outdoor storage. Zoned I, this property is priced at $2,200,000, offering a compelling price per square foot of $52.38. Built in 1976, this well-maintained facility is ready for immediate occupancy.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 40,560 SF
Lot 6.77 ac (294,901 SF)
APN PUTN M:044 L:024 U:000
UPID US15-1025435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Phillips-Moldex Company Industrial Manufacturer Production Facility
  • Royal Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$1.10M
Owner & transaction history
Chase Mill Realty LLC · 5 yrs held
Chase Mill Realty LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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