Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35 Tower Ln Avon, CT 06001
    Back to Search
    Property profile & analytics

    35 Tower Ln, Avon, CT 06001

    View on Map
    • Showrooms
    • 2.53 lot acres
    For Lease
    $1,535,000
    View Listing →
    Avon Commercial Space Available For Lease
    $1,535,000
    2,560 SF

    Avon Commercial Space Available

    77,000 SF Avon building with flexible space.

    35 Tower Lane, Avon, CT 6001
    View Listing
    Property ID
    US15-1196154
    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.
    Value Estimations
    $1,535,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • George Giannoni / Physician
    • Spectrum Associates Market Research / Business Management Consultant / Market Researcher
    • Goosehead Insurance - Mike Garceau / Insurance Agency
    • Leah Nowak / Physician
    • Family Mental Health and Wellness / Medical Clinic

    Property Details for 35 Tower Ln

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    2.53 lot acres
    Zone code
    IP
    Property type
    Showrooms
    APN
    AVON M:7 L:4370035
    APU
    AVONM7L4370035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2022 $1,537,000 W S Avon LLC Apogee Properties LLC Warranty Deed $1.2M · Mvl LLC
    Jan 28, 2013 $700,000 Icarus Re Mgmt LLC Sarjac Partners LLC Warranty Deed —
    May 18, 2005 $1,300,000 Sarjac Partners LLC Northington Rlty LLC Warranty Deed $950k · Newalliance Bank
    Dec 22, 1993 $475,000 Northington Prtnrs INC Bank Of Boston Ct Grant Deed —
    — — Icarus Real Estate Mgmt — Deed Of Trust · related $863k · Litchfield Bancorp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,385,000
      ML approach
      $1,525,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8434
    Latitude
    41.8071
    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
    $31,856
    $112,210
    $787,940
    $900,150
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      87.00 Acres

      43 Heritage Dr

      SHOW ROOM, WAREHOUSE
      43 Heritage Dr, Avon, CT 06001-4522
      View Details
    • Value Estimation by Request
      2.34 Acres

      33 Main St

      SHOW ROOM, WAREHOUSE
      33 Main St, Avon, CT 06001-3837
      View Details
    • Value Estimation by Request
      0.43 Acres

      411 Main St

      SHOW ROOM, WAREHOUSE
      411 Main St, Avon, CT 06001-3663
      View Details
    • Value Estimation by Request
      1,047.50 Acres

      315 Main St

      SHOW ROOM, WAREHOUSE
      315 Main St, Avon, CT 06001-3686
      View Details
    • Value Estimation by Request

      35 Nod Rd

      SHOW ROOM, WAREHOUSE
      35 Nod Rd, Avon, CT 06001-3826
      View Details
    • Value Estimation by Request
      11.08 Acres

      60 Security Dr

      SHOW ROOM, WAREHOUSE
      60 Security Dr, Avon, CT 06001-4226
      View Details

    Similar Nearby for Sale

    • $1,725,000

      Avon Retail Center Investment Opportunity

      Retail/strip center in Avon, CT with high occupancy rate.
      220 West Main St, Avon, CT 06001
      View Details
    • $175,000

      Approved Building Lot in Avon

      1.77-acre approved building lot in a prime location.
      3 Verville Rd, Avon, CT 06001
      View Details
    • Contact for pricing
      53,500 SF

      Premium Office Property in Avon

      Value-add office property with modern amenities and lease-up potential.
      22 Waterville Rd, Avon, CT 06001
      View Details
    • $275,000
      9.54 Acres

      Avon Land in Cul-de-Sac

      Residential lot in established Avon neighborhood near top amenities.
      24 Parsons Way, Avon, CT 06001
      View Details
    • $550,000
      5,000 SF

      Avon Office Building For Sale

      Well-maintained office building in Avon, Connecticut, subdividable.
      20 Avon Meadow Ln, Avon, CT 06001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Main Street

      Retail space available for lease in Avon, Connecticut.
      39 E Main St, Avon, CT 06001
      View Details
    • Contact for pricing
      1,383 SF

      Retail Space on Main Street

      Retail space available for lease in Avon, Connecticut.
      35 E Main St, Avon, CT 06001
      View Details
    • Contact for pricing
      672 SF

      Retail Space on Main Street

      Retail space available for lease in Avon, Connecticut.
      33 E Main St, Avon, CT 06001
      View Details
    • Contact for pricing
      1,494 SF

      Retail Space in Avon Center

      Retail space available in Avon Town Center on Route 44.
      30 Market St, Avon, CT 06001
      View Details
    • Contact for pricing
      3,301 SF

      Avon Retail Space For Rent

      Retail space with high ceilings and ample parking.
      55 Climax Rd, Avon, CT 06001
      View Details
    View Listing
    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.
    35 Tower Ln
    Avon, CT 06001
    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

    Thank You for Inquiry
    35 Tower Ln, Avon, CT, 06001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!