Financial
Distress signals
Property profile

2985 Berlin Tpke 3017 Newington, CT 06111

OFF-MARKET
Other commercial real estate
Property ID
US15-0828701
16.29 ac lot
Last sale May 2005 · $305,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail property is located on Route 5/15 with frontage on the Berlin Turnpike (U.S. Route 5/15), in an area with an estimated daily traffic volume exceeding 34,000 vehicles. The center totals 55,075 square feet and is dual-anchored by Price Chopper and Dick’s Sporting Goods. It is situated within a densely populated trade area and is near Central Connecticut State University, which has an estimated student population of over 12,000.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$773k
Tax billed · 2023
Assessed value$20.15M
Assessed land$3.73M
Assessed improvement$16.42M
Effective rate3.84%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$225k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$87/SF
Submarket average, outlier-cleaned · 317 recorded sales of this use type
Observed band · Q1–Q3$47 – $142

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PD
Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adja...
General categoryPLANNED_DEVELOPMENT
JurisdictionNEWINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency39.2
Dental Office29.7
Restaurant29.5

Location

2985 Berlin Tpke, Unit 3017 Newington, CT 06111-4601
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
129 Willard, Newington, CT 06111-1141 $1,250,000 Oct 2024 No data
63 Cedar, Newington, CT 06111-2535 $2,000,000 Feb 2024 No data
3384-3388 Berlin, Newington, CT 06111 $1,850,000 Aug 2023 No data
75 Kitts, Newington, CT 06111-3935 $220,000 Jul 2022 37,040 SF
249 Day, Newington, CT 06111 $230,000 Sep 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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