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Financial
Distress signals
Property profile

190 New Park Dr Berlin, CT 06037

OFF-MARKET
Manufacturing properties
Property ID
US15-0127678
24,707 SF 4.3 ac lot Built 1976
Last sale Apr 2025 · $2,350,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 190 New Park Drive in Berlin, Connecticut, offers 29,504 square feet of versatile distribution, flex, and warehouse space. Built in 1976 and extensively renovated in 2014, this fee-simple owned building sits on a 4.3-acre lot and is zoned PI. The single-story structure boasts a minimum ceiling height of 25 feet, reaching up to 36 feet in certain areas, and includes one dock-high door and three drive-in doors. The property benefits from…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$950k
Assessed land$196k
Assessed improvement$754k
Effective rate2.96%

Value estimate

· Oct 2026
$500k
$450k – $550k
Submarket $/SF estimate$813k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
County average, outlier-cleaned · 342 recorded sales of this use type
Observed band · Q1–Q3$42 – $100
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PI
General categoryUNKNOWN
JurisdictionBERLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.2
Restaurant13.6
Auto Repair Shop12.2

Location

190 New Park Dr Berlin, CT 06037-3741
County assessor Recorded deeds · 11 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 White Oak, Berlin, CT 06037-1635 $179,050 Aug 2024 30,500 SF
758 4th Rod, Berlin, CT 06037-3628 $712,500 May 2024 20,633 SF
63 Fuller, Berlin, CT 06037-1540 $2,450,000 Jun 2022 33,150 SF
555 Wethersfield, Berlin, CT 06037-1628 $1,000,000 Apr 2022 17,408 SF
496 4th Rod, Berlin, CT 06037-2250 $190,000 Aug 2020 11,480 SF
921 Farmington, Berlin, CT 06037-2218 $350,000 Aug 2020 17,324 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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