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    Property profile & analytics

    24 Spg Ln Farmington, CT 06032-3349

    • Manufacturing properties
    • 8,864 SF
    • 2.08 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Location Intelligence
    Property ID
    US15-0724252
    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

    • Murray Kaizer Dental Lab / Dental Laboratory
    • Yankee Fitness Company / Fitness Center / Gym

    Property Details for 24 Spg Ln

    Year built
    1958
    Lot size
    2.08 lot acres
    Property size
    8,864 SF
    Zone code
    CR
    Property type
    Manufacturing properties
    APN
    FARM M:0137 B:12E
    APU
    FARMM0137B12E

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $490,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $515,000
      Retail
      $500,000
      Mixed-Use
      $495,000
      Hospitality
      $460,000
      Educational
      $445,000
      Residential Income
      $570,000
      Energy
      $465,000
      Income-Based Land
      $425,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8734
    Latitude
    41.7041
    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
    $14,103
    $160,580
    $421,960
    $582,540
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,020,000
      50,080 SF

      28 Spg Ln

      MANUFACTURING (LIGHT) • 50,080 SF
      28 Spg Ln, Farmington, CT 06032-3140
      View Details
    • Value Estimation by Request
      52,080 SF

      1838 New Britain Ave

      MANUFACTURING (LIGHT) • 52,080 SF
      1838 New Britain Ave, Farmington, CT 06032-3114
      View Details
    • Value Estimation
      $425,000
      7,452 SF

      17 Spg Ln

      MANUFACTURING (LIGHT) • 7,452 SF
      17 Spg Ln, Farmington, CT 06032-3128
      View Details
    • Value Estimation
      $545,000
      22,440 SF

      1547 New Britain Ave

      MANUFACTURING (LIGHT) • 22,440 SF
      1547 New Britain Ave, Farmington, CT 06032-3310
      View Details
    • Value Estimation by Request
      1,068 SF

      196 Brickyard Rd

      Distribution properties • 1,068 SF
      196 Brickyard Rd, Farmington, CT 06032
      View Details
    • Value Estimation by Request
      27.02 Acres

      65 Scott Swamp Rd

      INDUSTRIAL (GENERAL) • 27.02 Acres
      65 Scott Swamp Rd, Farmington, CT 06032-2803
      View Details

    Similar Nearby for Sale

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      29 Batterson Park Rd

      Land • 2.50 Acres
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      View Details
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      Farmington Residential Land with Views

      Residential land with valley and river views in Farmington, CT.
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      Versatile Land in Farmington, CT

      52.30 acres of industrial land with development potential.
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      Specialty Property For Sale

      Specialty property available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      3,773 SF

      Farmington Office/Flex Building For Rent

      Well-maintained office/flex building with loading dock and ample parking.
      220 Farmington Ave, Farmington, CT 06032
      View Details
    • New
      $15 SF/Yr
      34,000 SF

      Farmington Commercial Space For Lease

      Flexible commercial space available in Farmington, CT.
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      View Details
    • Contact for pricing

      Farmington Office or Industrial Space

      160,266 sq ft building on 26.8 acres available for lease.
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      View Details
    • $20 SF/Yr
      34,100 SF

      Class A Office Space Available

      Class A office space in Farmington's Farm Springs Corporate Park.
      9 Farm Springs Rd, Farmington, CT 06032
      View Details
    • Contact for pricing
      8,528 SF

      Farmington Office Sublease Opportunity

      Office space available for sublease in Farmington, Connecticut.
      3 Farm Glen Blvd, Farmington, CT 06032
      View Details
    • Contact for pricing
      8,208 SF

      Farmington Office Space For Lease

      Office space available for lease in Farmington, Connecticut.
      50 Stanford Dr, Farmington, CT 06032
      View Details
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    24 Spg Ln
    Farmington, CT 06032-3349
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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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