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

    3465 Berlin Tpke Newington, CT 06111-5106

    • Showrooms
    • 133,290 SF
    • 11.64 lot acres
    OFF-MARKET
    Value Estimations
    $11,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0989059
    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

    • Sam's Club Hearing Aid Center / Hearing Aid Store
    • Sam's Club Bakery / Bakery
    • Sam's Club Gas Station / Gas Station
    • Sam's Club Cafe / Cafe / Snack Bar
    • Lucid Hearing Center / Hearing Aid Store / Audiologist

    Property Details for 3465 Berlin Tpke

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.64 lot acres
    Property size
    133,290 SF
    Zone code
    PD
    Property type
    Showrooms
    APN
    NEWI M:31 B:37 L:5
    APU
    NEWIM31B37L5

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,651,000
      Market price range: $6.31M - $18.9M
      AI Estimate
      $10,477,000
      Market price range: $5.13M - $18.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $11,660,000
      Current use
      RETAIL STORES
      $13,465,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $11,940,000
      Change: +2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $11,660,000
      Change: +0% Conversion: Moderate
      OFFICE BUILDING
      $10,015,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7324
    Latitude
    41.6521
    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
    $375,928
    $1,957,200
    $7,842,800
    $9,800,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,328 SF

      261 Pascone Pl

      SHOW ROOM, WAREHOUSE • 8,328 SF
      261 Pascone Pl, Newington, CT 06111-4524
      View Details
    • Value Estimation by Request
      5,000 SF

      235 Pascone Pl

      SHOW ROOM, WAREHOUSE • 5,000 SF
      235 Pascone Pl, Newington, CT 06111-4524
      View Details
    • Value Estimation
      $940,000
      22,440 SF

      3310 Berlin Tpke

      SHOW ROOM, WAREHOUSE • 22,440 SF
      3310 Berlin Tpke, Newington, CT 06111-5158
      View Details
    • Value Estimation by Request
      37,040 SF

      75 Kitts Ln

      SHOW ROOM, WAREHOUSE • 37,040 SF
      75 Kitts Ln, Newington, CT 06111-3935
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    • Value Estimation by Request
      2,400 SF

      121 Styles Ave

      SHOW ROOM, WAREHOUSE • 2,400 SF
      121 Styles Ave, Newington, CT 06111-3445
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    • Value Estimation
      $770,000
      12,339 SF

      3311 Berlin Tpke

      SHOW ROOM, WAREHOUSE • 12,339 SF
      3311 Berlin Tpke, Newington, CT 06111-5148
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      139,780 SF

      Mixed-Use Flex/Industrial Warehouse & Retail

      139,780 SF mixed-use flex/industrial warehouse & retail property.
      1170 Main St, Newington, CT 06111
      View Details
    • $5,923,076
      10,000 SF

      Newington, CT Retail NNN Asset

      10,000 SF NNN leased to The Learning Experience.
      395 Willard Ave, Newington, CT 06111
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    • $850,000
      2,000 SF

      Retail Building Near Berlin Turnpike

      Retail building with two suites near a retail center.
      151 Kitts Ln, Newington, CT 06111
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    • $1,150,000
      4,350 SF

      Retail/Medical Condo For Sale

      4,350± SF retail/medical condo, leased through 2029.
      485 Willard Ave, Newington, CT 06111
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    • Contact for pricing
      3.22 Acres

      Prime Newington Retail Land

      3.22 Acres, High-Traffic Location
      2640 Berlin Tpke, Newington, CT 06111
      View Details
    • $2,400,000
      3,256 SF

      Newington QSR/Fast Food Opportunity

      Prime location, vacant, 3,256 sq ft.
      2495 Berlin Tpke, Newington, CT 06111
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    Similar Nearby for Lease

    • Contact for pricing
      3,692 SF

      Retail Space on Berlin Turnpike

      Retail space with high visibility and ample parking.
      2303-2315 Berlin Tpke, Newington, CT 06111
      View Details
    • $2,100 /Mo

      Prime Retail Space in Newington

      Storefront in the heart of downtown Newington, near town activities.
      1046 Main St, Newington, CT 06111
      View Details
    • $10 SF/Yr
      52,544 SF

      Retail Space in Newington Center

      Retail space available for immediate occupancy in Newington, Connecticut.
      719 New Britain Ave, Newington, CT 06111
      View Details
    • $20 SF/Yr
      1,500 SF

      Retail/Office Space For Lease

      Retail or office space with high visibility and ample parking.
      2199 Berlin Tpke, Newington, CT 06111
      View Details
    • Contact for pricing
      2,583 SF

      Retail Space in Newington Center

      Retail space for lease in Newington, Connecticut.
      3333 Berlin Tpke, Newington, CT 06111
      View Details
    • Contact for pricing
      975 SF

      Retail Space in Newington

      Retail space available for lease in Newington, Connecticut.
      451 New Britain Ave, Newington, CT 06111
      View Details

    Property Visit Statistics

    • Visits by month
      195.8k
    • Visitors by month
      108.9k
    • Avg Time on site
      33 min
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    3465 Berlin Tpke
    Newington, CT 06111-5106
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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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