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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4 Prospect Hl Rd East Windsor, CT 06088-9608

    • Showrooms
    • 17,223 SF
    • 6.53 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2021
    $228,000
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0588214
    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

    • City Limits Apparel & Merchendise / Gift Shop / Jewelry Store
    • Tobacco Valley Gun / Gun Shop
    • Elizabeths Bar & Restaurant / Italian Restaurant
    • Mei Tzu Sushi Bar & Kitchen / Japanese Restaurant / Pan-Asian Restaurant
    • Express Cuts / Beauty Salon / Barber Shop

    Property Details for 4 Prospect Hl Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.53 lot acres
    Property size
    17,223 SF
    Zone code
    B-2
    Property type
    Showrooms
    APN
    EWIN M:81 B:18 L:18
    APU
    EWINM81B18L18

    Description

    Prospect Hill Plaza, located at 4 Prospect Hill Rd, East Windsor, CT 06088, offers a 2,800 square foot retail space for lease. This single-story, Class B building, constructed in 1986, boasts a total of 17,223 square feet and is situated in a thriving shopping plaza directly on busy Route 5, at a traffic signal location. Benefit from high traffic counts exceeding 18,000 cars daily, with convenient access to I-91. The space, measuring 40' x 70', is part of an established plaza with diverse and successful tenants, including restaurants, a barber shop, and a staffing agency. Ample parking is available, and the space is located at the end of the plaza for excellent visibility. The property is zoned B-2 and is offered at a rate of $15.50 per square foot annually, inclusive of property taxes. This presents a unique opportunity for businesses seeking high visibility and convenient access in a bustling commercial area of Hartford County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $225,000
      ML approach
      $360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6114
    Latitude
    41.9142
    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
    2024
    $29,675
    $363,020
    $771,350
    $1,134,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $450,000
      7,931 SF

      105 Main St

      SHOW ROOM, WAREHOUSE • 7,931 SF
      105 Main St, East Windsor, CT 06088-9745
      View Details
    • Value Estimation
      $135,000
      1,981 SF

      147 Main St

      SHOW ROOM, WAREHOUSE • 1,981 SF
      147 Main St, East Windsor, CT 06088
      View Details
    • Value Estimation
      $340,000
      3,977 SF

      122 Prospect Hl Rd

      SHOW ROOM, WAREHOUSE • 3,977 SF
      122 Prospect Hl Rd, East Windsor, CT 06088-9546
      View Details
    • Value Estimation
      $270,000
      2,534 SF

      169 Prospect Hl Rd

      SHOW ROOM, WAREHOUSE • 2,534 SF
      169 Prospect Hl Rd, East Windsor, CT 06088-3603
      View Details
    • Value Estimation
      $575,000
      18,600 SF

      44 Main St

      SHOW ROOM, WAREHOUSE • 18,600 SF
      44 Main St, East Windsor, CT 06088-1702
      View Details
    • Value Estimation
      $95,000
      4,731 SF

      59 Main St

      SHOW ROOM, WAREHOUSE • 4,731 SF
      59 Main St, East Windsor, CT 06088-9520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.73 Acres

      East Windsor Development Opportunity

      1.73-acre prime commercial land, I-91 access.
      39 Prospect Hill Rd, East Windsor, CT 06088
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      East Windsor Flex Building For Sale

      19,934 SF flex building with highway access.
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    • $325,000
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      Mixed-Use Property Near I-91

      Mixed-use property with access to I-91, Bradley Airport.
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    • Contact for pricing

      East Windsor Industrial Land Available

      13.02 acre industrial site suitable for various uses.
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    • Contact for pricing
      15.95 Acres

      East Windsor Industrial Land - 15.95 Acres

      Prime East Windsor industrial land, I-91 access.
      14 Craftsman Rd, East Windsor, CT 06088
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,800 SF

      East Windsor Commercial Space Available

      1,800 SF space suitable for office, medical, or retail use.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,200 SF

      East Windsor Commercial Space Available

      1,200 SF retail, office, or medical space for lease.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      3,000 SF

      East Windsor Commercial Space Available

      3,000 SF space suitable for dance, office, medical, or retail.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,200 SF

      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
      1,200 SF

      East Windsor Commercial Space Available

      1,200 SF space suitable for office, medical, or retail.
      2 North Rd, East Windsor, CT 06088
      View Details
    • Contact for pricing
      2,316 SF

      East Windsor Commercial Building For Lease

      7,352 SF commercial building ideal for retail or office.
      137 Prospect Hill Rd, East Windsor, CT 06088
      View Details
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    East Windsor, CT 06088-9608
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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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