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    2553 Berlin Tpke Newington, CT 06111-4109
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    Property profile & analytics

    2553 Berlin Tpke, Newington, CT 06111-4109

    View on Map
    • Hotels
    • 53,724 SF
    • 2.10 lot acres
    Off-Market
    Property ID
    US15-0293899
    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.
    Value Estimations
    $2,085,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • International Charismatic Church / Church
    • Holiday Inn Express Newington - Hartford, an IHG Hotel / Hotel & Motel

    Property Details for 2553 Berlin Tpke

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.10 lot acres
    Zone code
    B-BT
    Property type
    Hotels
    APN
    NEWI M:23 B:151 L:0
    APU
    NEWIM23B151L0

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 10, 2016 — Newington Hotel Partners — Deed · related $500k · State Bk/tx
    Jan 25, 2010 — Newi Hotel Partners LLC — Deed Of Trust · related $3M · Zions First National Bank
    Aug 20, 2008 — Ravi Patel — Deed Of Trust · related $117k · Jeffrey M Sachs
    Nov 26, 2007 $1 Newington Partners LLC Patel,kuntal Grant Deed · related —
    Apr 6, 2006 $262,500 Kuntal Patel Kinney,howard L JR Warranty Deed $180k · Americas Wholesale Loan
    — — Newington Hotel Partners — Deed Of Trust · related $500k · State Bk/tx

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,303,000
      Market price range: $903k - $3.95M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,380,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,360,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7128
    Latitude
    41.681
    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
    $120,834
    $525,000
    $2,625,000
    $3,150,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,325,000
      65,836 SF

      1583 Sese Rd

      HOTEL
      1583 Sese Rd, Newington, CT 06111
      View Details
    • Value Estimation
      $565,000
      30,816 SF

      3000 Berlin Tpke

      MOTEL
      3000 Berlin Tpke, Newington, CT 06111-4602
      View Details
    • Value Estimation by Request
      5,797 SF

      2273 Berlin Tpke

      MOTEL
      2273 Berlin Tpke, Newington, CT 06111-3206
      View Details
    • Value Estimation by Request
      7,236 SF

      2672 Berlin Tpke

      MOTEL
      2672 Berlin Tpke, Newington, CT 06111-4111
      View Details
    • Value Estimation by Request
      86,000 SF

      205 Kelsey St

      Office Units
      205 Kelsey St, Newington, CT 06111
      View Details
    • Value Estimation by Request
      63,000 SF

      175 Lowrey Pl

      Restaurants
      175 Lowrey Pl, Newington, CT 06111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.22 Acres

      Prime Newington Retail Land

      3.22 Acres, High-Traffic Location
      2640 Berlin Tpke, Newington, CT 06111
      View Details
    • $850,000
      2,840 SF

      Adaptable Commercial Space in Newington

      Well-located commercial property with flexible layout and ample parking.
      85 Kitts Ln, Newington, CT 06111
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    • $299,000

      Established Newington Retail Storefront For Sale

      Turnkey retail business with consistent clientele and high traffic.
      847 Main St, Newington, CT 06111
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    • $760,000
      Pending

      Newington Commercial Flex Space

      5,000 SF industrial facility on 0.57 acres.
      193 Pascone Pl, Newington, CT 06111
      View Details
    • Contact for pricing
      41,833 SF

      O'Neil Plaza Investment Opportunity

      Unanchored strip center with value-add potential in Newington, Connecticut.
      2434 Berlin Tpke, Newington, CT 06111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,480 SF

      Newington Data Center for Lease

      60,480 SF data center with significant power capacity.
      25 Holly Dr, Newington, CT 06111
      View Details
    • $3,000 /Mo

      Flex Space For Rent

      3000 SF flex space with office and warehouse areas.
      65 Louis St, Newington, CT 06111
      View Details
    • Contact for pricing
      5,001 SF

      Retail Center with High Traffic

      Retail spaces available in high-traffic Newington shopping center.
      162 Kitts Ln, Newington, CT 06111
      View Details
    • Contact for pricing
      930 SF

      Office Space Available For Rent

      930 square feet office space for rent in Newington.
      1268 Main St, Newington, CT 06111
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space on Berlin Turnpike

      Retail space available for lease on Berlin Turnpike.
      2431-2461 Berlin Tpke, Newington, CT 06111
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      2.1k
    • Avg Time on site
      457 min
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    Newington, CT 06111-4109
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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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