329 Cooke St Plainville, CT 06062-1448
- Manufacturing properties
- 37,861 SF
- 2.00 lot acres
Current Use by Public Records
- Hygrade Precision Technologies / Machine Shop
Property Details for 329 Cooke St
- Year built
- 1967
- Construction
- FRAME
- Lot size
- 2.00 lot acres
- Property size
- 37,861 SF
- Zone code
- RI
- Property type
- Manufacturing properties
- APN
- PLAI M:07 B:E L:07
- APU
- PLAIM07BEL07
Description
This exceptional 37,671 square foot industrial flex building, situated on a 2-acre lot in Plainville, Connecticut, presents a compelling investment opportunity. Built in 1967 and renovated in 1990, the property boasts a desirable RI zoning designation. The fully air-conditioned space features 16-foot ceilings, two loading docks, and two dock-high doors, ensuring efficient operations. Currently fully leased, generating a net operating income (NNN) of $179,844 with 3% annual increases, the lease extends until September 30, 2028, providing long-term stability. The property offers a 7.8% capitalization rate and below-market rents, indicating significant potential for future appreciation. The comprehensive sprinkler system enhances safety and security. This turnkey investment is ideal for discerning buyers seeking a strong return on investment in a prime Connecticut location. The property's features, combined with its favorable lease terms and location, make it a highly attractive asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $850,000
- 6.5%
- $940,000
- 7%
- $895,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $860,000
- Geo Method
- $990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $790,000
- Retail
- $1,055,000
- Mixed-Use
- $1,000,000
- Hospitality
- $850,000
- Educational
- $795,000
- Residential Income
- $1,025,000
- Energy
- $775,000
- Income-Based Land
- $995,000
- Food Service
- $1,035,000
Location Insight
- Map
- Local Demand
- City
- Plainville
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.8469
- Latitude
- 41.6894
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA