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    Property profile & analytics

    231 Shunpike Rd Cromwell, CT 06416-1121

    • Industrial properties
    • 10,812 SF
    • 4.50 lot acres
    OFF-MARKET
    Value Estimation
    $95,000
    Last Sale
    Dec 28, 2022
    $87,000
    Location Intelligence
    Property ID
    US15-1324289
    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

    • Arborio Corporation / Construction Company / General Contractor
    • Charter Oak Utility Constructors / General Contractor

    Property Details for 231 Shunpike Rd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.50 lot acres
    Property size
    10,812 SF
    Zone code
    IND
    Property type
    Industrial properties
    APN
    CROM M:00014000
    APU
    CROMM00014000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $85,000

    • CAP approach

      CAP return
      Estimation
      6%
      $125,000
      6.5%
      $135,000
      7%
      $125,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $115,000
      Geo Method
      $125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $120,000
      Retail
      $135,000
      Mixed-Use
      $130,000
      Hospitality
      $105,000
      Educational
      $135,000
      Residential Income
      $110,000
      Energy
      $115,000
      Income-Based Land
      $130,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6779
    Latitude
    41.6297
    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
    $24,517
    $302,470
    $531,160
    $833,630
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $470,000
      5,440 SF

      18 Berlin Rd

      INDUSTRIAL (GENERAL) • 5,440 SF
      18 Berlin Rd, Cromwell, CT 06416-1743
      View Details
    • Value Estimation
      $265,000
      4,000 SF

      20 Hillside Rd

      INDUSTRIAL (GENERAL) • 4,000 SF
      20 Hillside Rd, Cromwell, CT 06416-2050
      View Details
    • Value Estimation
      $560,000
      13,028 SF

      11 Alcap Rdg

      INDUSTRIAL (GENERAL) • 13,028 SF
      11 Alcap Rdg, Cromwell, CT 06416-1036
      View Details
    • Value Estimation
      $250,000
      2,500 SF

      53 Nooks Hl Rd

      INDUSTRIAL (GENERAL) • 2,500 SF
      53 Nooks Hl Rd, Cromwell, CT 06416
      View Details
    • Value Estimation
      $535,000
      10,984 SF

      30 Sebethe Dr

      INDUSTRIAL (GENERAL) • 10,984 SF
      30 Sebethe Dr, Cromwell, CT 06416-1015
      View Details
    • Value Estimation by Request
      4.89 Acres

      46 Nooks Hl Rd

      INDUSTRIAL (GENERAL) • 4.89 Acres
      46 Nooks Hl Rd, Cromwell, CT 06416-1562
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Restaurant and Retail Opportunity

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    Similar Nearby for Lease

    • $20 SF/Yr
      4,800 SF

      New Construction Industrial Flex Space

      New construction industrial condominium units for lease, convenient location.
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      View Details
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      14,220 SF

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    • Contact for pricing
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      Cromwell Retail Space For Lease

      Prime Retail Location, Multiple Units Available
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      View Details
    • Contact for pricing
      19,000 SF

      Cromwell Office Space Sublease

      Office space available for sublease in Cromwell, Connecticut.
      106 Sebethe Dr, Cromwell, CT 06416
      View Details
    • $2,100 /Mo
      1,200 SF

      Unique Commercial Space in Cromwell

      Retail/office space in a unique location, must see!
      309 Main St, Cromwell, CT 06416
      View Details
    • $1,600 /Mo

      Unique Specialty Property for Rent

      Unique property in a desirable location, must see!
      309 Main St Suite, Cromwell, CT 06416
      View Details
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    231 Shunpike Rd
    Cromwell, CT 06416-1121
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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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