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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1899 Silas Deane Hwy Rocky Hill, CT 06067

    • Commercial real estate
    • 38.81 lot acres
    For Lease
    View listing
    Last Sale
    May 15, 2024
    $12,600,000
    Value Estimations
    $12,600,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0805335
    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

    • SEPHORA at Kohl's / Cosmetic Store
    • Kohl's / Department Store

    Property Details for 1899 Silas Deane Hwy

    Lot size
    38.81 lot acres
    Zone code
    RC
    Property type
    Commercial real estate
    APN
    ROCK M:04 L:350
    APU
    ROCKM04L350

    Description

    Horizon Commons offers exceptional retail space in Hartford County, Connecticut. This multi-tenant property presents four available units ranging from 4,915 square feet to 25,110 square feet, providing flexibility for businesses of various sizes. The property boasts a highly visible location with a large pylon sign on Silas Deane Highway, ensuring maximum exposure to potential customers. Convenient access to Interstate 91 provides easy accessibility for both employees and customers. The site features lighted access for enhanced safety and visibility, particularly during evening hours. Opportunities exist for ground leases and build-to-suit options, allowing for customized development to meet specific tenant requirements. This presents a unique chance to establish a strong retail presence in a high-traffic area with excellent visibility and convenient access to major transportation routes. The flexible space options and build-to-suit potential make this an ideal location for a variety of retail businesses seeking a prominent position in the Hartford market. The property's strategic location and visibility make it an attractive investment opportunity for businesses seeking to expand their reach and increase brand awareness. Contact us today to learn more about the available spaces and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,600,000
      ML approach
      $12,600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Hill
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.652
    Latitude
    41.6747
    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
    $377,160
    $4,847,500
    $5,652,500
    $10,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $695,000
      14.34 Acres

      838 Cromwell Ave

      COMMERCIAL (GENERAL) • 14.34 Acres
      838 Cromwell Ave, Rocky Hill, CT 06067-3002
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    • Value Estimation
      $630,000
      9,966 SF

      1155 Elm St Ext

      SHOW ROOM, WAREHOUSE • 9,966 SF
      1155 Elm St Ext, Rocky Hill, CT 06067-1811
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    • Value Estimation
      $9,335,000
      172,155 SF

      1 Henkel Way

      SHOW ROOM, WAREHOUSE • 172,155 SF
      1 Henkel Way, Rocky Hill, CT 06067-3581
      View Details
    • Value Estimation
      $895,000
      22,481 SF

      2110 Silas Deane Hwy

      SHOW ROOM, WAREHOUSE • 22,481 SF
      2110 Silas Deane Hwy, Rocky Hill, CT 06067-2353
      View Details
    • Value Estimation
      $8,300,000
      89,453 SF

      1 Elizabeth Ct

      SHOW ROOM, WAREHOUSE • 89,453 SF
      1 Elizabeth Ct, Rocky Hill, CT 06067-1187
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

      High-Visibility Rocky Hill Land

      5-Acre Commercial/Residential Lot, High Traffic
      1610 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • $295,000

      Rocky Hill Manufacturing Land Opportunity

      Half-acre lot, prime location, development potential.
      2369 Main St, Rocky Hill, CT 06067
      View Details
    • $595,000
      7,500 SF

      Executive Office Building, Rocky Hill, CT

      Fully Leased, High-Traffic Location
      1850 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • $3,500,000
      1,500 SF

      Executive Office Building, Rocky Hill

      Prime Office Space, 68,552 SF, $3.5M
      525 Brook St, Rocky Hill, CT 06067
      View Details
    • $1,450,000
      9,000 SF

      Rocky Hill Mixed-Use Investment

      Prime location, high NOI, strong cap rate.
      154 New Britain Ave, Rocky Hill, CT 06067
      View Details
    • $425,000
      4,509 SF

      Rocky Hill Retail/Office Investment

      4,509 SF building in established retail/office area for sale.
      1834 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      5,747 SF

      Rocky Hill Executive Office Suite

      Prime Office Space, 4,389 SF Available
      19 Kensington Ln, Rocky Hill, CT 06067
      View Details
    • $19 SF/Yr
      112,000 SF

      I-91 Tech Center: Rocky Hill Office Space

      Flexible Office & Industrial Space Available
      795-865 Brook St, Rocky Hill, CT 06067
      View Details
    • $24 SF/Yr
      15,079 SF

      Class A Office Building Space

      Class A office space for rent in Rocky Hill, CT.
      500 Enterprise Dr, Rocky Hill, CT 06067
      View Details
    • $13 SF/Yr
      1,200 SF

      Retail Space in Rocky Hill

      Retail space available in a 20,000 SF retail center.
      632 Cromwell Ave, Rocky Hill, CT 06067
      View Details
    • $21 SF/Yr
      6,353 SF

      Class A Office Space Available

      Class A office space for rent near downtown Hartford.
      100-200 Corporate Pl, Rocky Hill, CT 06067
      View Details
    • $8 SF/Yr
      13,884 SF

      Industrial Building in Inwood Park

      37,834 SF industrial building with I-91 access.
      65 Inwood Rd, Rocky Hill, CT 06067
      View Details
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    Rocky Hill, CT 06067
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    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
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