Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    340 Broad St Bristol, CT 06010

    • Manufacturing properties
    • 37,586 SF
    • 5.24 lot acres
    OFF-MARKET
    Last Sale
    Jul 19, 2021
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0248282
    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

    • Elgiloy Specialty Metals / Factory / Production Facility

    Property Details for 340 Broad St

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.24 lot acres
    Property size
    37,586 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    BRIS M:39 L:100D
    APU
    BRISM39L100D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9103
    Latitude
    41.6731
    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
    $46,059
    $533,680
    $983,920
    $1,517,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      100,000 SF

      139 Center St

      Life science properties • 100,000 SF
      139 Center St, Bristol, CT 06010
      View Details
    • Value Estimation
      $1,825,000
      74,255 SF

      229 Cross St

      MANUFACTURING (LIGHT) • 74,255 SF
      229 Cross St, Bristol, CT 06010-7435
      View Details
    • Value Estimation
      $2,435,000
      56,455 SF

      110 Halcyon Dr

      MANUFACTURING (LIGHT) • 56,455 SF
      110 Halcyon Dr, Bristol, CT 06010-7487
      View Details
    • Value Estimation
      $1,330,000
      27,940 SF

      181 Business Park Dr

      MANUFACTURING (LIGHT) • 27,940 SF
      181 Business Park Dr, Bristol, CT 06010-8628
      View Details
    • Value Estimation
      $2,315,000
      65,487 SF

      175 Century Dr

      MANUFACTURING (LIGHT) • 65,487 SF
      175 Century Dr, Bristol, CT 06010-7482
      View Details
    • Value Estimation
      $2,335,000
      70,836 SF

      201 Pne St

      MANUFACTURING (LIGHT) • 70,836 SF
      201 Pne St, Bristol, CT 06010-6965
      View Details

    Similar Nearby for Sale

    • $5,750,000
      49,959 SF

      Bristol Industrial Manufacturing Facility For Sale

      49,959 SF industrial building in Bristol, CT for sale.
      70 Horizon Dr, Bristol, CT 06010
      View Details
    • New
      $625,000
      0.51 Acres

      Manufacturing Business with Real Estate

      Established manufacturing business with real estate for sale in Bristol.
      137 Stafford Ave, Bristol, CT 06010
      View Details
    • New
      $499,900
      4,324 SF

      Industrial Building with Rental Income

      Industrial building with rental income and expansion potential in Bristol.
      137 Stafford Ave, Bristol, CT 06010
      View Details
    • $449,000
      11,010 SF

      Versatile Commercial Building on High-Traffic Road

      11,010 SF building on 0.62 acres with income potential.
      331 Park St, Bristol, CT 06010
      View Details
    • $795,000
      7.66 Acres

      Bristol Industrial Lot: Prime Development Site

      7.66-acre lot, IP-1 zoning, build-to-suit option.
      0 Business Park Rd, Bristol, CT 06010
      View Details
    • $595,000

      Versatile Commercial Property on Central

      Commercial property suitable for retail, office, or flex operations.
      150 Central St, Bristol, CT 06010
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      206,230 SF

      Bristol, CT Industrial Facility

      Modern warehouse, ±206,230 SF, 23.59 acres
      360 Minor Rd, Bristol, CT 06010
      View Details
    • $8 SF/Yr
      100,000 SF

      Center Street Industrial Park

      Versatile Industrial Spaces Available
      139 Center St, Bristol, CT 06010
      View Details
    • Contact for pricing
      70,000 SF

      Renovated Industrial Space Available

      70,000+/- SF industrial space for lease in Bristol, CT.
      575 Broad St, Bristol, CT 06010
      View Details
    • Contact for pricing
      27,101 SF

      Renovated Flex Space Available

      Flex space for rent with flexible layouts and heavy power.
      550 Broad St, Bristol, CT 06010
      View Details
    • Contact for pricing
      33,000 SF

      Modern Warehouse Space For Lease

      33,000 SF warehouse space with rail spur in Bristol.
      360 Minor St, Bristol, CT 06010
      View Details
    • Contact for pricing
      225,000 SF

      Industrial/Flex/Office Space Available

      Up to 225,000 SF of industrial/flex/office space for rent.
      285 Middle St, Bristol, CT 06010
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    340 Broad St
    Bristol, CT 06010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!