Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Hale St Vernon, CT 06066-3840
    Back to Search
    Property profile & analytics

    40 Hale St, Vernon, CT 06066-3840

    View on Map
    • Specialty properties
    • 4,624 SF
    • 0.97 lot acres
    Off-Market
    Property ID
    US15-0529478
    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

    • Tri County Arc Inc / Social Service Agency / Charitable Organization

    Property Details for 40 Hale St

    Year built
    1875
    Construction
    FRAME
    Lot size
    0.97 lot acres
    Zone code
    NR-10
    Property type
    Specialty properties
    APN
    VERN M:46 B:0082 L:00007
    APU
    VERNM46B0082L00007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 3, 2021 — Cil Community Resources — Deed · related $562k · Key Government Fin
    Oct 13, 2017 — Cil Community Resource Tri County Arc INC Warranty Deed $562k · Td Bank NA
    Aug 1, 2012 — Tri-county Arc INC — Deed Of Trust · related $150k · Rockville Bank
    Feb 26, 2008 — Hockanum Industries INC — Deed Of Trust · related $81k · Rockville Bank
    Oct 10, 2006 — Hockanum Industries INC — Deed Of Trust · related $50k · Rockville Bank
    Oct 1, 1999 — Hockanum Industries — Deed Of Trust · related $70k · Savings Bank Of Rockville

    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
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4332
    Latitude
    41.8635
    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
    $12,532
    $31,500
    $343,820
    $375,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.44 Acres

      Amy Dr

      CHARITABLE ORGANIZATION
      Amy Dr, Vernon, CT 06066
      View Details
    • Value Estimation by Request
      1,875 SF

      345th Vly Fls Rd

      CHARITABLE ORGANIZATION
      345th Vly Fls Rd, Vernon, CT 06066-6011
      View Details
    • Value Estimation by Request
      8.00 Acres

      Box Dr Mtn Dr

      CHARITABLE ORGANIZATION
      Box Dr Mtn Dr, Vernon, CT 06066
      View Details
    • Value Estimation by Request
      6,826 SF

      1 Prospect St

      CHARITABLE ORGANIZATION
      1 Prospect St, Vernon, CT 06066-3260
      View Details
    • Value Estimation by Request
      3,250 SF

      15 Prospect St

      CHARITABLE ORGANIZATION
      15 Prospect St, Vernon, CT 06066-3215
      View Details
    • Value Estimation by Request
      12.62 Acres

      247 Brandy Hl Rd

      CHARITABLE ORGANIZATION
      247 Brandy Hl Rd, Vernon, CT 06066-5609
      View Details

    Similar Nearby for Sale

    • $649,000
      13,475 SF

      Historic Talcott Brothers Schoolhouse

      Historic schoolhouse with potential for residential or multifamily conversion.
      97 Main St, Vernon, CT 06066
      View Details
    • $649,000
      13,475 SF

      Historic Schoolhouse Multifamily Conversion Potential

      Historic Talcott Brothers Schoolhouse with multifamily conversion potential.
      97 Main St, Vernon, CT 06066
      View Details
    • $795,000
      13,475 SF

      Historic Schoolhouse - Vernon, CT

      Spacious Commercial Building, Historic Charm
      97 Main St, Vernon, CT 06066
      View Details
    • $399,900
      Pending

      Three-Unit Multifamily Property

      Meticulously maintained three-unit multifamily property with income potential.
      15 Mountain St, Vernon, CT 06066
      View Details
    • $975,000

      Land Available on Hatch Hill

      Land for sale on Hatch Hill Road in Vernon.
      274 Hatch Hill Rd, Vernon, CT 06066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Versatile Retail/Office Space Available

      15,000 SF retail/office space with ample parking.
      295 Talcottville Rd, Vernon Rockville, CT 06066
      View Details
    • Contact for pricing
      1,033 SF

      Updated 1-Bedroom Apartment For Rent

      Clean, updated 1-bedroom apartment with large rooms and parking.
      9 Morrison Street Ext, Vernon, CT 06066
      View Details
    • Contact for pricing
      1,700 SF

      Vernon Rockville Office/Medical Space

      1,700 SF office/medical space for lease, bus line access.
      520 Hartford Tpke, Vernon Rockville, CT 06066
      View Details
    • $16 SF/Yr
      1,917 SF

      Vernon Office/Retail Space For Rent

      1,917 sq ft office/retail space with highway access.
      62 Hyde Ave, Vernon, CT 06066
      View Details
    • $16 SF/Yr

      Vernon Office/Retail Space Available

      1,917 sq ft office/retail space with highway access.
      62 Hyde Ave, Vernon, CT 06066
      View Details
    • Contact for pricing
      3,500 SF

      Industrial Flex Space Available

      Premier industrial complex with flex/office space for lease.
      5 Gerber Blvd, Vernon Rockville, CT 06066
      View Details
    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 Hale St
    Vernon, CT 06066-3840
    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 Hale St, Vernon, CT, 06066
    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!