Property profile

405 New State Rd Manchester, CT 06042

OFF-MARKET
Industrial properties
Property ID
US15-0342471
11,280 SF 4.11 ac lot Built 1990
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1990
Construction STEEL FRAME
Total area 11,280 SF
Lot 4.11 ac (179,032 SF)
Zoning code IND
APN MANC M:29 B:4090 L:405
UPID US15-0342471

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization
  • General Contractor Construction Company
  • Factory Production Facility

Location

405 New State Rd Manchester, CT 06042-1805
Manchester metro Census 514103 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M

Owner & transaction history

since 2024
Last sale
$1.2M
3 recorded transactions
2024
$1.2M
1990
Price N/A
1989
$500,000

Zoning & alternative use

IND · Manchester, CT
Zoning description

An industrial zoned district is an area for commercial operations and uses of a type which are not generally suitable or appropriate in retail sales areas

General category INDUSTRIAL
Top alternative use upside
Restaurant $1.9M +205.4%
Retail stores $1.3M +105.6%
Office building $1.2M +96.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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