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    Property profile & analytics

    357 Hartford Tpke Vernon, CT 06066-4838

    • Medical offices
    • 9,048 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $1,155,000
    Last Sale
    Mar 24, 2025
    $1,335,000
    Location Intelligence
    Property ID
    US15-0267713
    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

    • Martin Elizabeth MD / Pediatrician
    • Dr. Jerome E. Lahman, MD / Pediatrician
    • Judy Huang-Bulger, MD, FAAP / Pediatrician / Doctor
    • Amy Davidson Rapaport, MD, FAAP / Pediatrician
    • CHANDRANNI QUINONES / Physician Assistant

    Property Details for 357 Hartford Tpke

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    1.15 lot acres
    Property size
    9,048 SF
    Zone code
    COMMER
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    VERN M:11 B:0015 L:00012
    APU
    VERNM11B0015L00012

    Description

    This 9,150 sq ft medical office building in Vernon, CT, offers a compelling investment opportunity with a strong 8.52% cap rate and a 100% occupancy rate. The property features two credit-rated tenants, Starling Physicians and Integrated Dermatology Group, both under long-term net leases with annual rent bumps. Built in 1984, the single-building property sits on a 1.15-acre lot with 25 parking spaces and boasts a prime location on Hartford Turnpike, providing excellent visibility and accessibility to I-84. The current leases have a weighted average lease term of 4.9 years, with options for two additional five-year renewals. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment for discerning buyers. The Net Operating Income (NOI) is $115,013, and the asking price is $1,350,000. The property is zoned commercial and has undergone consistent maintenance since its construction.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,445,000
      6.5%
      $1,405,000
      7%
      $1,450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,140,000
      Geo Method
      $1,325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,195,000
      Retail
      $1,230,000
      Mixed-Use
      $1,060,000
      Hospitality
      $1,085,000
      Educational
      $1,360,000
      Residential Income
      $1,345,000
      Energy
      $1,135,000
      Income-Based Land
      $1,015,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4875
    Latitude
    41.8281
    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
    $28,929
    $161,000
    $705,410
    $866,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      18,720 SF

      428 Hartford Tpke

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    • Value Estimation
      $245,000
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      170 Un St

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      50 Hale St

      MEDICAL BUILDING • 1,068 SF
      50 Hale St, Vernon, CT 06066-3840
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    • Value Estimation by Request
      22,550 SF

      8 Keynote Dr

      MEDICAL BUILDING • 22,550 SF
      8 Keynote Dr, Vernon, CT 06066-5040
      View Details
    • Value Estimation
      $280,000
      1,852 SF

      148 Talcottville Rd

      MEDICAL BUILDING • 1,852 SF
      148 Talcottville Rd, Vernon, CT 06066-4705
      View Details
    • Value Estimation
      $770,000
      2,616 SF

      554 Talcottville Rd

      MEDICAL BUILDING • 2,616 SF
      554 Talcottville Rd, Vernon, CT 06066-2310
      View Details

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    Similar Nearby for Lease

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    357 Hartford Tpke
    Vernon, CT 06066-4838
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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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