Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Griffin Rd N Windsor, CT 06095
    Back to Search
    Property profile & analytics

    40 Griffin Rd N, Windsor, CT 06095

    View on Map
    • Industrial land
    • 9.32 lot acres
    For Sale
    View Listing →
    9.76 Acre Development Opportunity For Sale
    Contact for pricing
    9.76 Acres

    9.76 Acre Development Opportunity

    9.76 acre development opportunity with industrial zoning.

    40 Griffin Rd N, Windsor, CT
    View Listing
    Property ID
    US15-0689294
    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

    • Industrial land

    Property Details for 40 Griffin Rd N

    Lot size
    9.32 lot acres
    Property type
    Industrial land
    APN
    WSOR M:00006 B:00142 L:000040
    APU
    WSORM00006B00142L000040

    Description

    This ±9.76-acre parcel, located at 40 Griffin Road North and 2000 Blue Hills Avenue in Windsor, Connecticut (zip code 06095), presents a significant development opportunity. The property is zoned for industrial use, permitting a wide range of applications including manufacturing, automotive, office, hotel, and other compatible uses. The site boasts frontage on Routes 187 and 189, providing excellent highway access and visibility. Utilities are conveniently located in the street. The property's location offers a strategic advantage, situated near Bradley International Airport and in the vicinity of established businesses such as Amazon and The Hartford. This site features a 33% coverage ratio. This ±9.76-acre parcel is also available for combination with a separate 44.44-acre site in nearby Bloomfield, Connecticut, creating an even larger development potential. The property is situated within the Griffin Center, the former location of the Summer Wind Performing Arts Center. This presents a unique opportunity to develop a high-profile site in a desirable location with strong infrastructure and access.

    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
    Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7397
    Latitude
    41.8837
    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
    2023
    $13,672
    $406,910
    $0.00
    $406,910
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      40 Violet St

      INDUSTRIAL - VACANT LAND
      40 Violet St, Windsor, CT 06095-4307
      View Details
    • Value Estimation by Request
      0.17 Acres

      257 Day Hl Rd

      INDUSTRIAL - VACANT LAND
      257 Day Hl Rd, Windsor, CT 06095-5706
      View Details
    • Value Estimation by Request
      0.90 Acres

      999 Great Pond Dr

      INDUSTRIAL - VACANT LAND
      999 Great Pond Dr, Windsor, CT 06095
      View Details
    • Value Estimation
      $2,720,000
      19.31 Acres

      1975 Blue Hls Ave Ext

      INDUSTRIAL - VACANT LAND
      1975 Blue Hls Ave Ext, Windsor, CT 06095-1504
      View Details
    • Value Estimation by Request
      3.02 Acres

      970 Archer Rd

      INDUSTRIAL - VACANT LAND
      970 Archer Rd, Windsor, CT 06095-5218
      View Details
    • Value Estimation by Request
      7.99 Acres

      300 Corporate Dr

      INDUSTRIAL - VACANT LAND
      300 Corporate Dr, Windsor, CT 06095-2184
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      9.76 Acre Development Opportunity

      9.76 acre development opportunity with industrial zoning.
      40 Griffin Rd N, Windsor, CT 06095
      View Details
    • Contact for pricing

      Commercial Land Parcel Near I-91

      Flat commercial land parcel with visibility near I-91.
      10 Garden St, Windsor, CT 06095
      View Details
    • Contact for pricing

      Permitted Distribution Center Near Airport

      218,400 SF Class A distribution center on 21.752 acres.
      15 Stone Rd, Windsor, CT 06095
      View Details
    • Contact for pricing
      236,280 SF

      28.3 Acres Shovel Ready Land

      28.3 acres of fully approved land for sale.
      775 Marshall Phelps Rd, Windsor, CT 06095
      View Details
    • Contact for pricing

      79 Acres Agricultural/Industrial Land

      Two parcels totaling 79 acres zoned agricultural and industrial.
      999 Stone Rd, Windsor, CT 06095
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400,000 SF

      Flexible Industrial Land Opportunity

      Entitled land for build-to-suit or purchase in Windsor, Connecticut.
      2195 Day Hill Rd, Windsor, CT 06095
      View Details
    • Contact for pricing
      270,000 SF

      Windsor Industrial Land Opportunity

      Fully entitled land for build-to-suit or purchase in Windsor.
      35 Great Pond Dr, Windsor, CT 06095
      View Details
    • Contact for pricing
      300,000 SF

      Industrial Land Ready For Development

      40-acre industrial land available for build-to-suit or purchase.
      400 Groton Rd, Windsor, CT 06095
      View Details
    • Contact for pricing

      Windsor Commercial Land Opportunity

      Land available for retail or other commercial uses.
      1001 Day Hill Rd, Windsor, CT 06095
      View Details
    • Contact for pricing

      Land Parcel For Lease

      43 acres of land with approved development plans.
      Baker Hollow Rd, Windsor, CT 06095
      View Details
    • Contact for pricing

      11 Acres For Lease

      11 level acres available for ground lease or build-to-suit.
      29 Windsor Ave, Windsor, CT 06095
      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 Griffin Rd N
    Windsor, CT 06095
    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 Griffin Rd N, Windsor, CT, 06095
    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!