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    39 Prospect Hill Rd East Windsor, CT 06088

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    39 Prospect Hill Rd East Windsor, CT 06088

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    • Banks
    • 4,534 SF
    • 3.88 lot acres
    For Lease
    View Listing →
    East Windsor Office Space For Lease
    Contact for pricing
    2,000 SF

    East Windsor Office Space

    Single tenant office space available for rent in East Windsor.

    39 Prospect Hill Rd, East Windsor, CT 6088
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    Property ID
    US15-0616426
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • M&T Bank / Bank / Loan Service
    • Rockville Bank Mortgage Inc / Bank / Loan Service

    Property Details for 39 Prospect Hill Rd

    Year built
    2007
    Construction
    FRAME
    Lot size
    3.88 lot acres
    Property size
    4,534 SF
    Zone code
    HIFZ
    Property type
    Banks
    APN
    EWIN M:92 B:14 L:14-01241002
    APU
    EWINM92B14L1401241002

    Description

    This exceptional 1.73-acre commercial land parcel in East Windsor, Connecticut, presents a unique investment opportunity. Located at 39 Prospect Hill Road (Route 5), this highly visible site boasts excellent access to Interstate-91 (Exit 44), ensuring significant traffic exposure. The property is available for ground lease, build-to-suit development, or outright sale, offering flexibility to suit various business needs. Sewer and water utilities are readily available. Zoned for a variety of uses, including retail, restaurant, medical, office, or even a gas station/convenience store. The site benefits from its strategic location near Bradley International Airport (BDL), just 7 miles away, and is surrounded by established businesses such as M&T Bank, KFC/Taco Bell, Wendy's, Walmart Supercenter, Dunkin', and Baymont by Wyndham. This high-traffic area sees over 18,000 vehicles per day. Additional potential exists for an electronic sign or cell tower installation. This prime location and versatile options make this property an ideal investment for developers and businesses seeking a strong foothold in a thriving Connecticut market. The property is situated in Hartford County, with a zip code of 06088.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6111
    Latitude
    41.9186
    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
    $29,493
    $27,560
    $784,260
    $811,820
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      6,856 SF

      154 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 6,856 SF
      154 Brg St, East Windsor, CT 06088-9548
      View Details
    • Value Estimation
      $645,000
      8,101 SF

      287 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,101 SF
      287 Main St, East Windsor, CT 06088-1750
      View Details
    • Value Estimation by Request
      1,913 SF

      25 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,913 SF
      25 Main St, East Windsor, CT 06088-1706
      View Details
    • Value Estimation by Request
      17,223 SF

      4 Prospect Hl Rd

      SHOW ROOM, WAREHOUSE • 17,223 SF
      4 Prospect Hl Rd, East Windsor, CT 06088-9608
      View Details
    • Value Estimation by Request
      2,574 SF

      100 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,574 SF
      100 Main St, East Windsor, CT 06088
      View Details
    • Value Estimation
      $565,000
      7,931 SF

      105 Main St

      SHOW ROOM, WAREHOUSE • 7,931 SF
      105 Main St, East Windsor, CT 06088-9745
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property Near I-91

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      Industrial Land in East Windsor

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      East Windsor Flex Building For Sale

      19,934 SF flex building with expansion potential on large lot.
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      East Windsor Industrial Land Opportunity

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    Similar Nearby for Lease

    • $16 SF/Yr
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      East Windsor Commercial Space Available

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    • $16 SF/Yr
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      East Windsor Retail/Office/Medical Space

      1,200 SF space suitable for retail, office, or medical use.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
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      East Windsor Commercial Space Available

      3,000 SF space suitable for dance, office, medical, or retail.
      122 Prospect Hill Rd, East Windsor, CT 06088
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    • $16 SF/Yr
      1,800 SF

      East Windsor Commercial Space Available

      1,800 SF office, medical, or retail space for lease.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $1,750 /Mo
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      East Windsor Commercial Space For Lease

      Commercial space for lease in high-traffic East Windsor location.
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    • $16 SF/Yr
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      East Windsor Commercial Space Available

      Versatile 1,080 SF space suitable for office, medical, or retail.
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      View Details
    View Listing
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    39 Prospect Hill Rd
    East Windsor, CT 06088
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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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