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    Property profile & analytics

    1943 Berlin Tpke Berlin, CT 06037

    • Retail properties
    • 17,500 SF
    • 4.67 lot acres
    For Lease
    View listing
    Value Estimation
    $1,920,000
    Last Sale
    Aug 26, 2022
    $1,900,000
    Location Intelligence
    Property ID
    US15-0073351
    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

    • Halal Munchies - Berlin, CT / Halal Restaurant
    • Heritage Wine & Spirits / Liquor Store
    • Elle Nail & Spa / Nail Salon

    Property Details for 1943 Berlin Tpke

    Year built
    2007
    Construction
    FRAME
    Lot size
    4.67 lot acres
    Property size
    17,500 SF
    Zone code
    BT-1
    Property type
    Retail properties
    APN
    BERL M:21-4 B:153 L:9 U:997
    APU
    BERLM214B153L9U997

    Description

    This 17,000 square foot retail property in Berlin, CT, offers flexible space ideal for multiple tenants. Currently, 7,000 square feet is available, divisible into units ranging from 1,300 to 7,000 contiguous square feet. The building is located on Berlin Turnpike in Hartford County (zip code 06037), a high-traffic area with 26,400 vehicles passing daily, boasting excellent visibility and accessibility to Routes 9, 15, and I-91. This prime location benefits from strong demographics and proximity to major transportation arteries, placing it within 15 minutes of both Hartford and New Haven. Existing tenants include a thriving wine and spirits store and a nail salon, indicating a successful and established commercial environment. The property's central Connecticut location also offers easy access to corporate, technology, and industrial parks, making it an attractive option for a variety of businesses. This presents a unique opportunity to establish or expand a retail presence in a vibrant and well-connected marketplace.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,140,000
      6.5%
      $1,915,000
      7%
      $1,910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,180,000
      Geo Method
      $1,870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,835,000
      Retail
      $1,650,000
      Mixed-Use
      $2,145,000
      Hospitality
      $2,005,000
      Educational
      $2,055,000
      Residential Income
      $2,105,000
      Energy
      $1,840,000
      Income-Based Land
      $1,910,000
      Food Service
      $1,590,000

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7535
    Latitude
    41.5981
    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
    $39,359
    $198,600
    $1,132,900
    $1,331,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      13,470 SF

      980 Farmington Ave

      DEPARTMENT STORE • 13,470 SF
      980 Farmington Ave, Berlin, CT 06037-2219
      View Details
    • Value Estimation
      $410,000
      2,876 SF

      1801 Berlin Tpke

      DEPARTMENT STORE • 2,876 SF
      1801 Berlin Tpke, Berlin, CT 06037-3615
      View Details
    • Value Estimation
      $205,000
      844 SF

      750 Berlin Tpke

      DEPARTMENT STORE • 844 SF
      750 Berlin Tpke, Berlin, CT 06037-2442
      View Details
    • Value Estimation
      $390,000
      6,000 SF

      2280 Berlin Tpke

      DEPARTMENT STORE • 6,000 SF
      2280 Berlin Tpke, Berlin, CT 06037-4021
      View Details
    • Value Estimation
      $370,000
      3,500 SF

      883 Farmington Ave

      DEPARTMENT STORE • 3,500 SF
      883 Farmington Ave, Berlin, CT 06037-2216
      View Details
    • Value Estimation
      $325,000
      3,804 SF

      1034 Farmington Ave

      DEPARTMENT STORE • 3,804 SF
      1034 Farmington Ave, Berlin, CT 06037-2247
      View Details

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    Similar Nearby for Lease

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      7,000 SF endcap retail space, dividable to 1,500 SF.
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    1943 Berlin Tpke
    Berlin, CT 06037
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    Realmo Value Estimation

    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.

    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.

    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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