Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17 Sparks St Plainville, CT 06062-2050

    • Warehouses
    • 3,000 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2024
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0043943
    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

    • Warehouses

    Property Details for 17 Sparks St

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.43 lot acres
    Property size
    3,000 SF
    Zone code
    GI
    Property type
    Warehouses
    APN
    PLAI M:23 B:R L:04
    APU
    PLAIM23BRL04

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8515
    Latitude
    41.674
    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
    $4,986
    $34,510
    $124,180
    $158,690
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,710,000
      114,860 SF

      50 Farmington Vly Dr

      WAREHOUSE, STORAGE • 114,860 SF
      50 Farmington Vly Dr, Plainville, CT 06062-1193
      View Details
    • Value Estimation by Request
      19,370 SF

      3 Nwnw Dr

      WAREHOUSE, STORAGE • 19,370 SF
      3 Nwnw Dr, Plainville, CT 06062-1336
      View Details
    • Value Estimation
      $1,185,000
      33,984 SF

      45 Nwnw Dr

      WAREHOUSE, STORAGE • 33,984 SF
      45 Nwnw Dr, Plainville, CT 06062-1234
      View Details
    • Value Estimation by Request
      19,400 SF

      107 Main St

      WAREHOUSE, STORAGE • 19,400 SF
      107 Main St, Plainville, CT 06062
      View Details
    • Value Estimation
      $1,140,000
      25,000 SF

      124 Unionville Ave

      WAREHOUSE, STORAGE • 25,000 SF
      124 Unionville Ave, Plainville, CT 06062-1144
      View Details
    • Value Estimation by Request
      3,600 SF

      320 Washington St

      WAREHOUSE, STORAGE • 3,600 SF
      320 Washington St, Plainville, CT 06062
      View Details

    Similar Nearby for Sale

    • $2,900,000
      24,381 SF

      Plainville Industrial Facility For Sale

      24,381 SF industrial facility with convenient highway access.
      10 Sparks St, Plainville, CT 06062
      View Details
    • $1,550,000

      Industrial Building Near Route 72

      Industrial building with eight units and excellent tenants.
      15 Washington St, Plainville, CT 06062
      View Details
    • Contact for pricing
      64,455 SF

      Adaptable Industrial Building with Office

      64,455 SF industrial building with office space for sale.
      72 Northwest Dr, Plainville, CT 06062
      View Details
    • $1,950,000
      20,199 SF

      Adaptable Commercial Property For Sale

      Spacious commercial property in high-traffic area suitable for various businesses.
      151 East St, Plainville, CT 06062
      View Details
    • $1,550,000
      39,044 SF

      Industrial Building Near Route 72

      Industrial building with eight units and excellent tenants.
      15 Washington St, Plainville, CT 06062
      View Details
    • $1,950,000

      Adaptable Commercial Property For Sale

      Spacious commercial property in high-traffic area, suitable for various businesses.
      151 East St, Plainville, CT 06062
      View Details

    Similar Nearby for Lease

    • $950 /Mo
      39,044 SF

      Versatile Spaces for Lease

      Distribution, warehouse, or office spaces available for lease.
      17 North Washington St, Plainville, CT 06062
      View Details
    • $5,000 /Mo
      5,061 SF

      Industrial Building with Office Space

      5,000 SF industrial building with warehouse and office space.
      62 Newton Ave, Plainville, CT 06062
      View Details
    • Contact for pricing
      70,000 SF

      Plainville Industrial Building with Rail

      70,000 SF industrial space with rail access available for lease.
      75 Neal Ct, Plainville, CT 06062
      View Details
    • $950 /Mo

      Warehouse and Distribution Space Available

      Two spaces available for lease, ideal for storage and distribution.
      17 N Washington St, Plainville, CT 06062
      View Details
    • $6 SF/Yr
      111,400 SF

      Whiting Street Warehouse Spaces

      Plainville, CT industrial warehouse space for lease
      123 Whiting St, Plainville, CT 06062
      View Details
    • $950 /Mo

      Versatile Warehouse and Office Spaces

      Warehouse and office spaces available for lease with included utilities.
      17 N Washington St, Plainville, CT 06062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17 Sparks St
    Plainville, CT 06062-2050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!