Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Cold Spring Rd Rocky Hill, CT 06067
    Back to Search
    Property profile & analytics

    40 Cold Spring Rd, Rocky Hill, CT 06067

    View on Map
    • Office buildings
    • 21,613 SF
    • 2.14 lot acres
    For Lease
    $2,500,000
    View Listing →
    Rocky Hill Office Space Available For Lease
    $2,500,000
    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
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 / Janitorial Service / Commercial Cleaning 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
    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 estimation — 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
      2080 Silas Deane Hwy, Rocky Hill, CT 06067-2362
      View Details
    • Value Estimation by Request
      5,747 SF

      19 Kensington Ln

      Office Spaces
      19 Kensington Ln, Rocky Hill, CT 06067
      View Details
    • Value Estimation
      $3,210,000
      31,636 SF

      795 Brk St

      CONDOMINIUM OFFICES
      795 Brk St, Rocky Hill, CT 06067-3460
      View Details
    • Value Estimation by Request
      675 SF

      2049 Silas Deane Hwy2f

      CONDOMINIUM OFFICES
      2049 Silas Deane Hwy2f, Rocky Hill, CT 06067-2332
      View Details
    • Value Estimation by Request
      1,350 SF

      2049 Silas Deane Hwy3f

      CONDOMINIUM OFFICES
      2049 Silas Deane Hwy3f, Rocky Hill, CT 06067-2332
      View Details
    • Value Estimation by Request
      966 SF

      35 Cold Spg Rd Ste, Unit 215

      CONDOMINIUM OFFICES
      35 Cold Spg Rd Ste, Rocky Hill, CT 06067-3162
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rocky Hill Office/Specialty Use Building

      Three-story, 64,200 SF office/specialty building for sale.
      525 Brook St, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      64,200 SF

      Rocky Hill Office/Specialty Use Building

      64,200 SF office/specialty building leased through 2036.
      525 Brook St, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      12,031 SF

      Renovated Office Building with Development

      Fully renovated office building with development potential on 3.18 acres.
      521 Cromwell Ave, Rocky Hill, CT 06067
      View Details
    • $199,000
      1,400 SF

      Turnkey Office Condo in Rocky Hill

      Fully furnished 1,400 sq ft office condo for sale.
      35 Cold Spring Rd, Rocky Hill, CT 06067
      View Details
    • $199,000
      1,400 SF

      Turnkey Office Condo For Sale

      Fully furnished, move-in ready office condo in Rocky Hill.
      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
      14,892 SF

      Class A Office Space Available

      Class A office building with modern amenities for rent.
      55 Capital Blvd, Rocky Hill, CT 06067
      View Details
    • 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

      Class A Office Building Available

      Two attached Class A office buildings totaling 103,384 SF.
      100 Corporate Pl, Rocky Hill, CT 06067
      View Details
    • Contact for pricing
      3,668 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
    • Contact for pricing
      11,048 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
    View Listing
    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.
    40 Cold Spring Rd
    Rocky Hill, CT 06067
    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

    Thank You for Inquiry
    40 Cold Spring Rd, Rocky Hill, CT, 06067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!