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Property profile & analytics
OFF-MARKET Estimated value $3,815,000
Retail space

3127 Berlin Tpke 3137 Newington, CT 06111-4620

45,708 SF 5 ac lot Built 1962
Entity Owned 16-yr Hold Free & Clear
Property ID
US15-0888336
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction STEEL FRAME
Total area 45,708 SF
Lot 5 ac (217,800 SF)
Zoning code PD
APN NEWI M:27 B:146 L:0
UPID US15-0888336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Connecticut Beverage Mart (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.05M
Blend (final) Blend
$3.82M
Owner & transaction history
Bta Newington LLC · 16 yrs held
Bta Newington LLC
since 2010
6 recorded transactions
2012
Price N/A
2010
$1
2007
$1
1993
Price N/A
1992
Price N/A
1992
$1.6M
Zoning & alternative use
PD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak station on Myra Cohen Way. B. The use of land, buildings and other structures within the TOD Overlay District shall be established and conducted…

Zone name Planned Development
General category PLANNED_DEVELOPMENT
Zone area 873.60 ac
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