Sign Up Successful!
You now have access to more from Realmo!
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

    37 Sea Pave Rd South Windsor, CT 06074

    • Industrial properties
    • 8,820 SF
    • 1.02 lot acres
    For Lease
    View listing
    $166 SF/Yr
    Last Sale
    Feb 27, 2023
    $860,000
    Value Estimations
    $775,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0899041
    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

    • Carrier's Turf Pros Lawn Care / Lawn Care Service

    Property Details for 37 Sea Pave Rd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.02 lot acres
    Property size
    8,820 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    SWIN M:7 B:21 L:3
    APU
    SWINM7B21L3

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $830,000
      ML approach
      $835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $611,000
      Market price range: $264k - $832k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $585,000
      Current use
      RETAIL STORES
      $1,015,000
      Change: +73% Conversion: Moderate
      OFFICE BUILDING
      $970,000
      Change: +66% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $885,000
      Change: +51% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $810,000
      Change: +38% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    South Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6002
    Latitude
    41.8013
    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
    $12,365
    $78,500
    $294,600
    $373,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $470,000
      194.33 Acres

      1440 John Fitch Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 194.33 Acres
      1440 John Fitch Blvd, South Windsor, CT 06074-1036
      View Details
    • Value Estimation
      $1,055,000
      109,728 SF

      85 Nutmeg S Rd

      INDUSTRIAL (GENERAL) • 109,728 SF
      85 Nutmeg S Rd, South Windsor, CT 06074-3490
      View Details
    • Value Estimation by Request
      7,200 SF

      21 Jeffrey Dr

      Flex space • 7,200 SF
      21 Jeffrey Dr, South Windsor, CT 06074
      View Details
    • Value Estimation
      $270,000
      1,250 SF

      400 Chapel Rd Ste 1j

      CONDOMINIUMS (INDUSTRIAL) • 1,250 SF
      400 Chapel Rd Ste 1j, South Windsor, CT 06074-4159
      View Details
    • Value Estimation
      $5,265,000
      6.83 Acres

      420 Ellington Rd

      INDUSTRIAL (GENERAL) • 6.83 Acres
      420 Ellington Rd, South Windsor, CT 06074-4117
      View Details
    • Value Estimation
      $840,000
      13,400 SF

      38 Ident Rd

      INDUSTRIAL (GENERAL) • 13,400 SF
      38 Ident Rd, South Windsor, CT 06074-2404
      View Details

    Similar Nearby for Sale

    • $6,000,000
      149,000 SF

      South Windsor Industrial Redevelopment

      194-Acre Site, 149,000 SF, $6M
      1440 John Fitch Blvd, South Windsor, CT 06074
      View Details
    • $1,900,000
      30,242 SF

      Industrial Building with Cranes

      30,242 SF industrial building featuring cranes and ample power.
      481 Sullivan Ave, South Windsor, CT 06074
      View Details
    • $875,000
      5,281 SF

      Renovated Flex Commercial Asset

      Fully renovated flex commercial property with income diversification potential.
      240 Chapel Rd, South Windsor, CT 06074
      View Details
    • $915,000
      8,100 SF

      Industrial Flex Building For Sale

      8,100 SF industrial flex building on 1.46 acres.
      140 Commerce Way, South Windsor, CT 06074
      View Details
    • $2,200,000
      10,080 SF

      South Windsor Office Building

      10,080 SF office building on 2.48 acres.
      15 Morgan Farms Dr, South Windsor, CT 06074
      View Details
    • $360,000

      Specialty Property For Sale

      Specialty property available for purchase.
      34 Benedict Dr, South Windsor, CT 06074
      View Details

    Similar Nearby for Lease

    • $24,000
      87,120 SF

      South Windsor Industrial Land for Lease

      Two 1-acre fenced industrial lots
      405 Sullivan Ave, South Windsor, CT 06074
      View Details
    • $14 SF/Yr
      1,000 SF

      Industrial Space Available For Rent

      1,000 square feet of industrial space for lease.
      40 Sea Pave Rd, South Windsor, CT 06074
      View Details
    • $12 SF/Yr
      2,400 SF

      South Windsor Flex/Industrial Space

      Flex/industrial space for lease with convenient highway access.
      681 John Fitch Blvd, South Windsor, CT 06074
      View Details
    • $10 SF/Yr
      8,196 SF

      Sullivan Avenue Warehouse and Office

      Warehouse and office space with high ceilings and radiant heat.
      648 Sullivan Ave, South Windsor, CT 06074
      View Details
    • $7 SF/Yr
      4,200 SF

      South Windsor Warehouse with Offices

      4,200 SF warehouse space with finished offices available for lease.
      345 Nutmeg Rd S, South Windsor, CT 06074
      View Details
    • $7 SF/Yr
      18,259 SF

      South Windsor Warehouse Space Available

      18,259 SF warehouse space for lease in South Windsor.
      30-32 S Satellite Rd, South Windsor, CT 06074
      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.
    37 Sea Pave Rd
    South Windsor, CT 06074
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.