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    Property profile & analytics

    40 Cold Spring Rd Rocky Hill, CT 06067

    • Office buildings
    • 21,613 SF
    • 2.14 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0180590
    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

    • Masters In Home Care, LLC / Home Health Care Service
    • Kozak & Salina / Consultant
    • Jani-King of Hartford | Janitorial & Commercial Cleaning Services / Commercial Cleaning Service / Janitorial Service
    • Systems Integration, Inc. - IT Services and Support / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • ZUVIC Inc. / Civil Engineer / Environmental Consultant

    Property Details for 40 Cold Spring Rd

    Year built
    1982
    Lot size
    2.14 lot acres
    Property size
    21,613 SF
    Zone code
    R-20
    Property type
    Office buildings
    APN
    ROCK M:16 L:311
    APU
    ROCKM16L311

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,528,000
      Market price range: $1.53M - $3.34M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,380,000
      Current use
      RESTAURANT
      $3,695,000
      Change: +55% Conversion: Moderate
      RETAIL STORES
      $2,485,000
      Change: +4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,270,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,170,000
      Change: -9% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,985,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Hill
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6796
    Latitude
    41.643
    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
    $44,021
    $294,490
    $1,214,640
    $1,509,130
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,200,000
      41,420 SF

      2080 Silas Deane Hwy

      OFFICE BUILDING • 41,420 SF
      2080 Silas Deane Hwy, Rocky Hill, CT 06067-2362
      View Details
    • Value Estimation by Request
      112,000 SF

      795-865 Brook St

      Life science properties • 112,000 SF
      795-865 Brook St, Rocky Hill, CT 06067
      View Details
    • Value Estimation by Request
      520 SF

      1208 Cromwell Ave, Unit 8

      CONDOMINIUM OFFICES • 520 SF
      1208 Cromwell Ave, Rocky Hill, CT 06067-3436
      View Details
    • Value Estimation by Request
      1,098 SF

      35 Cold Spg Rd Ste, Unit 124

      CONDOMINIUM OFFICES • 1,098 SF
      35 Cold Spg Rd Ste, Rocky Hill, CT 06067-3161
      View Details
    • Value Estimation by Request
      3,528 SF

      1834 Silas Deane Hwy

      CONDOMINIUM OFFICES • 3,528 SF
      1834 Silas Deane Hwy, Rocky Hill, CT 06067-1353
      View Details
    • Value Estimation by Request
      1,076 SF

      2049 Silas Deane Hwy3g

      CONDOMINIUM OFFICES • 1,076 SF
      2049 Silas Deane Hwy3g, Rocky Hill, CT 06067-2332
      View Details

    Similar Nearby for Sale

    • $3,500,000
      1,500 SF

      Executive Office Building, Rocky Hill

      Prime Office Space, 68,552 SF, $3.5M
      525 Brook St, Rocky Hill, CT 06067
      View Details
    • $595,000
      7,500 SF

      Executive Office Building, Rocky Hill, CT

      Fully Leased, High-Traffic Location
      1850 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      4,509 SF

      Rocky Hill Retail/Office Investment

      4,509 SF building in established retail/office area for sale.
      1834 Silas Deane Hwy, Rocky Hill, CT 06067
      View Details
    • $1,450,000
      9,000 SF

      Rocky Hill Mixed-Use Investment

      Prime location, high NOI, strong cap rate.
      154 New Britain Ave, Rocky Hill, CT 06067
      View Details
    • $119,900
      1,086 SF

      Rocky Hill Office For Sale

      Commercial property in a desirable business community with highway access.
      35 Cold Spring Rd, Rocky Hill, CT 06067
      View Details
    • $69,000
      200 SF

      Furnished Office Suite in Rocky Hill

      Turnkey, furnished private office suite with shared amenities for sale.
      35 Cold Spring Rd, Rocky Hill, CT 06067
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Rocky Hill Office Space Available

      21,200 SF office space for rent in Rocky Hill.
      40 Cold Spring Rd, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      15,079 SF

      Class A Office Building Space

      Class A office space for rent in Rocky Hill, CT.
      500 Enterprise Dr, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      6,353 SF

      Class A Office Space Available

      Class A office space for rent near downtown Hartford.
      100-200 Corporate Pl, Rocky Hill, CT 06067
      View Details
    • $13 SF/Yr
      12,262 SF

      Rocky Hill Medical Office Space

      Modern medical office suites available.
      506 Cromwell Ave, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      1,550 SF

      Rocky Hill Retail/Office Spaces

      Multiple retail and office spaces available in Rocky Hill.
      21-53 New Britain Ave, Rocky Hill, CT 06067
      View Details
    • $24 SF/Yr
      9,150 SF

      Medical Office Space For Lease

      Class A medical office space available in Rocky Hill, CT.
      175 Capital Blvd, Rocky Hill, CT 06067
      View Details
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    Rocky Hill, CT 06067
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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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