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    Property profile & analytics

    35 Commerce Dr Cromwell, CT 06416-1167

    • Industrial properties
    • 5,334 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Last Sale
    Oct 07, 2022
    $662,500
    Location Intelligence
    Property ID
    US15-0153347
    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

    • Industrial properties

    Property Details for 35 Commerce Dr

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.11 lot acres
    Property size
    5,334 SF
    Zone code
    IND
    Property type
    Industrial properties
    APN
    CROM M:10406800
    APU
    CROMM10406800

    Description

    This ±1.11-acre site in Cromwell, Connecticut, offers a ±5,328 square foot industrial shell building, perfect for distribution, flex, or warehouse operations. Built in 2015, the single-story building boasts a 16-foot ceiling height, providing ample storage and operational space. The property is zoned IND, allowing for a variety of industrial uses. Its convenient location offers easy access to I-91 and Route 3, ensuring efficient transportation and logistics. The site is situated near local amenities, including banks, shopping centers, and restaurants, providing convenience for employees and clients. With its expansive lot size, there's potential for future expansion, making this property a versatile and valuable asset. The address is 35 Commerce Drive, Cromwell, CT 06416, in Middlesex County. This exceptional opportunity combines functionality, accessibility, and growth potential in a thriving Connecticut location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $565,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $635,000
      Mixed-Use
      $680,000
      Hospitality
      $730,000
      Educational
      $670,000
      Residential Income
      $705,000
      Energy
      $620,000
      Income-Based Land
      $685,000
      Food Service
      $710,000

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6788
    Latitude
    41.6316
    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
    $6,357
    $95,900
    $120,260
    $216,160
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      5,938 SF

      900 Corporate Row

      INDUSTRIAL (GENERAL) • 5,938 SF
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    • Value Estimation
      $1,810,000
      23,240 SF

      5 Progress Dr

      INDUSTRIAL (GENERAL) • 23,240 SF
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    • Value Estimation by Request
      12,250 SF

      135 Sebethe Dr

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    • Value Estimation by Request
      2.61 Acres

      207 Shunpike Rd

      INDUSTRIAL (GENERAL) • 2.61 Acres
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      View Details
    • Value Estimation by Request
      13,675 SF

      14 Hillside Rd

      INDUSTRIAL (GENERAL) • 13,675 SF
      14 Hillside Rd, Cromwell, CT 06416-2055
      View Details

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    Similar Nearby for Lease

    • $20 SF/Yr
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      New construction industrial condominium units for lease, convenient location.
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      View Details
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      19,000 SF

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      Office space available for sublease in Cromwell, Connecticut.
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      View Details
    • $2,100 /Mo
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      Retail/office space in a unique location, must see!
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    • $1,600 /Mo

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    35 Commerce Dr
    Cromwell, CT 06416-1167
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    Realmo Value Estimation

    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.

    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.

    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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