Property profile

187 Rte 66th E Columbia, CT 06237

OFF-MARKET
Commercial real estate
Property ID
US15-0915279
10.42 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Columbia Commons, located at 187 Rte 66 E, Columbia, CT 06237, offers exceptional office space for lease in a vibrant community center. This property boasts a total of 7,400 square feet across four buildings situated on over 10 acres of land, providing ample space and parking. Currently, 7,400 square feet is available, with spaces ranging from a minimum of 1,800 square feet to a maximum contiguous space of 5,600 square feet. Eleven suites are available in total. The property features convenient access to US-6 and benefits from high visibility due to its location at the intersection of Routes 66 and 6. Built in 1986, the center has undergone recent improvements, including a renovated parking lot with 150+ spaces, a new LED pylon sign, landscaping, and a security camera system. The property is ideally situated near a significant aerospace manufacturer, two state universities, and serves a market population of 78,000 within a 20-mile radius, boasting a median income of $114,000. One available space is a fully renovated 1,800 sq ft in-line space featuring a row of windows overlooking a pond and parking lot, offering flexible floor plan options and storage. Another option is a 5,600 sq ft standalone building, a former restaurant with a spacious outdoor patio, a large range hood, heavy-duty electric, and abundant parking. This space will be built-to-suit with a new HVAC system installed. The property's tenant mix includes retail, wholesale, food, dental, and engineering businesses. Terms are negotiable.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 10.42 ac (453,895 SF)
Zoning code C
APN COLU M:010 L:091
UPID US15-0915279

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Discount Store (Bike/Boat/Book/etc) Store

Location

187 Rte 66th E Columbia, CT 06237-1237
Columbia metro Census 860100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2007
7 recorded transactions
2007
Price N/A
2007
$1.4M
2005
Price N/A
2002
Price N/A
2002
$875,000
2002
Price N/A
1996
$630,200

Zoning & alternative use

C · Columbia, CT

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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