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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    303 Cromwell Ave Rocky Hill, CT 06067-1801

    • Showrooms
    • 10,154 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0154050
    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

    • Rocky Hill KinderCare / High School / Daycare Center

    Property Details for 303 Cromwell Ave

    Year built
    2001
    Construction
    FRAME
    Lot size
    1.20 lot acres
    Property size
    10,154 SF
    Zone code
    C
    Property type
    Showrooms
    APN
    ROCK M:08 L:347
    APU
    ROCKM08L347

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $298k - $852k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,065,000
      Current use
      AUTO REPAIR, GARAGE
      $1,020,000
      Change: -5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $935,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Hill
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6794
    Latitude
    41.6621
    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
    $48,510
    $630,000
    $720,510
    $1,350,510
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,005,000
      59,722 SF

      3 Denise Dascenzo Way

      SHOW ROOM, WAREHOUSE • 59,722 SF
      3 Denise Dascenzo Way, Rocky Hill, CT 06067-3900
      View Details
    • Value Estimation
      $9,355,000
      146,442 SF

      100 Capital Blvd

      SHOW ROOM, WAREHOUSE • 146,442 SF
      100 Capital Blvd, Rocky Hill, CT 06067-3575
      View Details
    • Value Estimation
      $4,290,000
      47,489 SF

      685 Cromwell Ave

      SHOW ROOM, WAREHOUSE • 47,489 SF
      685 Cromwell Ave, Rocky Hill, CT 06067-1807
      View Details
    • Value Estimation
      $1,965,000
      29,076 SF

      887 Cromwell Ave

      SHOW ROOM, WAREHOUSE • 29,076 SF
      887 Cromwell Ave, Rocky Hill, CT 06067-3003
      View Details
    • Value Estimation
      $1,755,000
      35,224 SF

      945 Cromwell Ave

      SHOW ROOM, WAREHOUSE • 35,224 SF
      945 Cromwell Ave, Rocky Hill, CT 06067-3008
      View Details
    • Value Estimation
      $620,000
      11,520 SF

      781 Cromwell Ave

      SHOW ROOM, WAREHOUSE • 11,520 SF
      781 Cromwell Ave, Rocky Hill, CT 06067-3000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,509 SF

      Rocky Hill Retail/Office Investment

      4,509 SF building in established retail/office area for sale.
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      Rocky Hill Mixed-Use Investment

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      Rocky Hill Mixed-Use Investment

      Prime location, high NOI, strong cap rate.
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    • New
      $69,000
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      Furnished Office Suite in Rocky Hill

      Turnkey, furnished private office suite with shared amenities for sale.
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      Rocky Hill Specialty Property

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    Similar Nearby for Lease

    • Contact for pricing
      1,463 SF

      Retail Space on Silas Deane

      Retail space available for lease on Silas Deane Highway.
      1949 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      1,550 SF

      Rocky Hill Retail/Office Spaces

      Multiple retail and office spaces available in Rocky Hill.
      21-53 New Britain Ave, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      1,862 SF

      Retail Space in Rocky Hill

      Retail space available for lease in Rocky Hill, CT.
      396 Cromwell Ave, Rocky Hill, CT 06067
      View Details
    • $1,700 /Mo
      1,200 SF

      Retail/Office Space For Rent

      1200 SF retail/office space in high-traffic area.
      1840 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Rocky Hill

      Retail space available in a 20,000 SF retail center.
      632 Cromwell Ave, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      52,825 SF

      Horizon Commons Retail Space

      Four retail spaces available, prime Hartford location.
      1899 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
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    303 Cromwell Ave
    Rocky Hill, CT 06067-1801
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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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