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

    33 Apothecaries Hall Rd Broad Brook, CT 06016

    • Commercial real estate
    • 5,000 SF
    • 28.93 lot acres
    OFF-MARKET
    Last Sale
    Sep 07, 2021
    $870,000
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0454822
    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

    • Commercial real estate

    Property Details for 33 Apothecaries Hall Rd

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    28.93 lot acres
    Property size
    5,000 SF
    Zone code
    M-1
    Property type
    Commercial real estate
    APN
    EWIN M:57 B:48 L:38
    APU
    EWINM57B48L38

    Description

    This exceptional 36.74-acre industrial property in East Windsor, Connecticut, presents a unique investment opportunity. Located at 33 Apothecaries Hall Rd, 06016, this site is zoned M-1 and offers significant potential for various industrial uses. The property comprises two parcels totaling 36.74 acres: one 7.81-acre parcel and a second 28.93-acre parcel. Currently configured as a recycling center for the production of gravel and earthen materials, this established operation benefits from existing infrastructure. A 5,000 square foot building is included, featuring two 12x12 overhead doors, providing ample space for equipment and operations. The property's substantial size and strategic location in Hartford County, Connecticut, make it ideal for expansion or redevelopment. The asking price is $950,000, representing a compelling value for a property of this scale and potential in a desirable industrial market. This offering presents a rare chance to acquire a well-situated industrial land parcel with existing improvements, ready for immediate use or future development. The property's existing use as a recycling center for gravel and earthen materials provides a clear indication of its suitability for similar operations or related industrial activities. The ample acreage and existing building provide flexibility for a variety of industrial applications.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,050,000
      ML approach
      $915,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $855,000
      RETAIL STORES
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Broad Brook
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5544
    Latitude
    41.8987
    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
    2022
    $10,868
    $257,620
    $58,480
    $316,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      864 SF

      30 Apothecaries Hall Rd

      COMMERCIAL (GENERAL) • 864 SF
      30 Apothecaries Hall Rd, Broad Brook, CT 06016-9792
      View Details
    • Value Estimation by Request
      2.01 Acres

      4 Wells Rd

      Land • 2.01 Acres
      4 Wells Rd, East Windsor, CT 06016
      View Details
    • Value Estimation
      $765,000
      5,000 SF

      17 Wapping Rd

      SHOW ROOM, WAREHOUSE • 5,000 SF
      17 Wapping Rd, Broad Brook, CT 06016-9679
      View Details
    • Value Estimation by Request
      5,904 SF

      27 Depot St

      SHOW ROOM, WAREHOUSE • 5,904 SF
      27 Depot St, Broad Brook, CT 06016-5802
      View Details
    • Value Estimation
      $1,095,000
      22,594 SF

      8 Ml St

      COMMERCIAL (GENERAL) • 22,594 SF
      8 Ml St, Broad Brook, CT 06016
      View Details
    • Value Estimation by Request
      35.97 Acres

      21 North Rd

      Land • 35.97 Acres
      21 North Rd, East Windsor, CT 06016
      View Details

    Similar Nearby for Sale

    • $325,000
      2.01 Acres

      East Windsor Commercial Land - $325K

      2.01 Acres, B-3 Zoning, High Visibility
      4 Wells Rd, East Windsor, CT 06016
      View Details
    • $950,000
      35.97 Acres

      Prime East Windsor Commercial Land

      35.97 Acres, Excellent Location
      21 North Rd, East Windsor, CT 06016
      View Details
    • $449,900

      15.6 Acres with Tobacco Sheds

      Development opportunity with potential for agriculture or private retreat.
      20 Apothecaries Hall Rd, East Windsor, CT 06016
      View Details
    • $679,900

      East Windsor Specialty Property

      Specialty property available for sale in East Windsor, Connecticut.
      77 Thrall Rd, East Windsor, CT 06016
      View Details
    • $624,900
      5,904 SF

      Charming Banquet Hall with Pond

      Banquet hall with picturesque views, commercial kitchen, and ballroom.
      27 Depot St, East Windsor, CT 06016
      View Details
    • $499,900

      18.44 Acres Versatile Corner Lot

      18.44 acres with residential and industrial zoning.
      Chamberlain Rd, East Windsor, CT 06016
      View Details
    Request Owner's contact information
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    33 Apothecaries Hall Rd
    Broad Brook, CT 06016
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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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