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    38 Prospect Hl Rd East Windsor, CT 06088-9597
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    Property profile & analytics

    38 Prospect Hl Rd, East Windsor, CT 06088-9597

    View on Map
    • Warehouses
    • 22,396 SF
    • 1.22 lot acres
    Off-Market
    Last Sale Dec 21, 2022
    Property ID
    US15-0597322
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Franks Garage / Car Dealership
    • Keri Corbett, Corbett Realty / Real Estate Agency
    • VAI Chimney Sweep / Hardware & Home Improvement

    Property Details for 38 Prospect Hl Rd

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.22 lot acres
    Zone code
    M-1
    Property type
    Warehouses
    APN
    EWIN M:92 B:17 L:32
    APU
    EWINM92B17L32

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2022 — Pride Operating LLC Pride Real Estate LLC Warranty Deed —
    Jan 13, 2022 $1,073,970 Pride Real Estate LLC Pride LP Warranty Deed —
    Dec 13, 2021 $2,000,000 Pride Limited Partnership 38 Prospect Hill LLC Quit Claim Arm's Length For Ne States —
    Jul 31, 2015 $141,000 Pride LP 38 Prospect Hill LLC Quit Claim Deed —
    Dec 5, 2013 $2,000,000 38 Prospect Hill LLC Rasmussen,dean A & Caren E Warranty Deed $2M · Pride LP
    Mar 18, 2004 — Dean Rasmussen — Deed Of Trust · related $1.8M · Bank Of Western Massachusetts
    Apr 30, 2003 — John West — Deed Of Trust · related $110k · Gn Mortgage Corp
    Mar 14, 2002 — Dean Rasmussen — Deed Of Trust · related $700k · Savings Bank Of Rockville
    Jun 3, 1993 — Dean Rasmussen — Deed Of Trust · related $630k · First National Bank Ct
    Oct 27, 1987 $825,000 John Cotter JR. Coralli,paul Grant Deed $425k · Zenon Grzybowski

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $694,000
      Market price range: $454k - $793k

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6095
    Latitude
    41.9177
    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
    2022
    $34,964
    $295,010
    $667,400
    $962,410
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      WAREHOUSE, STORAGE
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      38,291 SF

      43 Nn Rd

      WAREHOUSE, STORAGE
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    • Value Estimation
      $560,000
      22,159 SF

      7 Craftsman Rd

      WAREHOUSE, STORAGE
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    • Value Estimation by Request
      17,193 SF

      250 Main St

      WAREHOUSE, STORAGE
      250 Main St, East Windsor, CT 06088-9519
      View Details
    • Value Estimation
      $755,000
      35,750 SF

      13 Revay Rd

      WAREHOUSE, STORAGE
      13 Revay Rd, East Windsor, CT 06088-9688
      View Details
    • Value Estimation
      $670,000
      33,071 SF

      23 Thompson Rd

      WAREHOUSE, STORAGE
      23 Thompson Rd, East Windsor, CT 06088-9697
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      31,000 SF

      East Windsor Industrial Facility

      31,000 SF industrial facility with easy access to I-91.
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      View Details
    • Contact for pricing

      Industrial Land in East Windsor

      Industrial land with proposed 22,000 SF building near I-91.
      10 Craftsman Rd, East Windsor, CT 06088
      View Details
    • $3,850,000
      20,517 SF

      East Windsor Investment Opportunity

      5.03-acre property with automotive, office, and residential spaces.
      200 South Main St, East Windsor, CT 06088
      View Details
    • Contact for pricing

      East Windsor Industrial Land Opportunity

      15.95 acre site proposed for 36,000 SF industrial building.
      14 Craftsman Rd, East Windsor, CT 06088
      View Details

    Similar Nearby for Lease

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      150,500 SF

      New Distribution Center Near I-91

      150,500 SF distribution center with convenient highway access.
      68 Newberry Rd, East Windsor, CT 06088
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    • $6 SF/Yr
      38,275 SF

      East Windsor Industrial Space Available

      Industrial space for lease in East Windsor Industrial Park.
      4 Revay Rd, East Windsor, CT 06088
      View Details
    • Contact for pricing

      East Windsor Warehouse Space Available

      24,000 SF warehouse space for lease with five docks.
      132 Main St, East Windsor, CT 06088
      View Details
    • Contact for pricing
      279,256 SF

      East Windsor Industrial Sublease Opportunity

      Industrial space with ample parking and trailer spaces available for sublease.
      18 Craftsman Rd, East Windsor, CT 06088
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    • $15 SF/Yr
      10,420 SF

      Modernized Truck Terminal on 9 Acres

      Recently updated truck terminal with ample parking near I-91.
      118 Prospect Hill Rd, East Windsor, CT 06088
      View Details
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    East Windsor, CT 06088-9597
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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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