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    Property profile & analytics

    219 Rte 80 Killingworth, CT 06419-1468

    • Retail space
    • 5,191 SF
    • 7.45 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0354474
    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

    • Running Brook Farms / Garden Center
    • The Herbary - Apothecary at Running Brook Farms / Specialty Food Shop

    Property Details for 219 Rte 80

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    7.45 lot acres
    Property size
    5,191 SF
    Zone code
    CD
    Property type
    Retail space
    APN
    KILL M:28 B:39
    APU
    KILLM28B39

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $695,000
      Market price range: $248k - $695k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $485,000
      Current use
      COMMERCIAL (GENERAL)
      $635,000
      Change: +31% Conversion: Easy
      RESTAURANT
      $615,000
      Change: +27% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $495,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Killingworth
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.5564
    Latitude
    41.358
    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
    $12,100
    $201,040
    $314,510
    $515,550
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,313 SF

      177 Rte 81

      RETAIL STORES (PERSONAL SERVICES) • 2,313 SF
      177 Rte 81, Killingworth, CT 06419-1433
      View Details
    • Value Estimation
      $560,000
      2,560 SF

      187 Rte 81

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      187 Rte 81, Killingworth, CT 06419-1444
      View Details
    • Value Estimation by Request
      1,809 SF

      250 Rte 81

      RETAIL STORES (PERSONAL SERVICES) • 1,809 SF
      250 Rte 81, Killingworth, CT 06419-1219
      View Details
    • Value Estimation by Request
      2,870 SF

      319 Rte 81

      PARKING GARAGE, PARKING STRUCTURE • 2,870 SF
      319 Rte 81, Killingworth, CT 06419-1218
      View Details
    • Value Estimation by Request
      2,784 SF

      182 Rte 80

      PARKING GARAGE, PARKING STRUCTURE • 2,784 SF
      182 Rte 80, Killingworth, CT 06419-1406
      View Details
    • Value Estimation by Request
      4,977 SF

      163 Rte 81

      RESTAURANT • 4,977 SF
      163 Rte 81, Killingworth, CT 06419-1470
      View Details

    Similar Nearby for Sale

    • $649,900

      Killingworth Specialty Property For Sale

      Specialty property available for purchase in Killingworth, Connecticut.
      14 Kenilworth Dr, Killingworth, CT 06419
      View Details
    • New
      $84,900
      2.70 Acres

      Killingworth Land Opportunity

      2.7 acre lot near Chatfield Hollow.
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    • $785,000

      Killingworth Specialty Property For Sale

      Specialty property available for purchase in Killingworth, Connecticut.
      511 Route 81, Killingworth, CT 06419
      View Details
    • $2,199,000
      18,500 SF

      8 Route 80, Killingworth, CT 06419

      Commercial real estate • 18,500 SF
      8 Route 80, Killingworth, CT 06419
      View Details
    • $719,000

      Killingworth Specialty Property For Sale

      Specialty property available for purchase in Killingworth, Connecticut.
      37 Titus Coan Rd, Killingworth, CT 06419
      View Details
    • $699,000

      Land For Sale

      Land available for sale.
      8 Route 148, Killingworth, CT 06419
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,000 SF

      Wallingford Retail or Office Space

      2000 square feet of retail or office space available.
      9 South Colony St, Wallingford, CT 06419
      View Details
    • $975 /Mo
      14,107 SF

      Killingworth Office/Retail Space For Rent

      Office and retail spaces available in Killingworth's 'The Courtyard'!
      176 Route 81, Killingworth, CT 06419
      View Details
    • $1,800 /Mo
      1,800 SF

      Functional Office Space For Lease

      1,800 sq ft office space with a well-designed layout.
      8 Route 80, Killingworth, CT 06419
      View Details
    • $1,125 /Mo
      750 SF

      Killingworth Professional Office Space Available

      Professional office space for rent with utilities included.
      255 Route 80, Killingworth, CT 06419
      View Details
    • $1,800 /Mo

      Functional Office Space For Lease

      1,800 sq ft office space with a well-designed layout.
      8 1, Killingworth, CT 06419
      View Details
    • $4,200 /Mo

      Versatile Warehouse Space Available

      Spacious warehouse with oversized doors and easy highway access.
      8 4, Killingworth, CT 06419
      View Details
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    219 Rte 80
    Killingworth, CT 06419-1468
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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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