Technical
Financial
Distress signals
Property profile

42 Neal Ct Plainville, CT 06062

OFF-MARKET
Warehouses
Property ID
US15-0827254
4,700 SF 0.58 ac lot Built 1984
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,700 square foot industrial warehouse presents a rare opportunity in Plainville, CT's thriving industrial district. Situated on a 0.58-acre lot, this property boasts a wealth of desirable features, making it ideal for a variety of industrial, automotive, or manufacturing businesses. The building's recent upgrades include a new roof (2023) and a newly paved driveway (2022), complemented by updated exterior lighting and signage for enhanced visibility and security. Inside, you'll find three forced hot air furnaces, ensuring comfortable year-round operation. The spacious interior also includes office space equipped with central air conditioning and heating (CAIR), providing a comfortable environment for administrative tasks. Powering the facility is a robust 1,200 AMP, 3-phase electrical system, perfectly suited for high-powered machinery and demanding industrial operations. Three oversized garage bays (12x8, 10x10, and 8x8) offer convenient access for loading and unloading, while 12-foot ceilings provide ample vertical space. The property also includes two half-bathrooms for employee convenience. Constructed with a durable pre-engineered steel frame, this building is built to last. Zoned Industrial (I), this property offers an excellent combination of functionality and location, making it an ideal investment for expanding businesses or new industrial operations seeking a well-equipped and strategically located facility. The asking price is $800,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Construction FRAME
Total area 4,700 SF
Lot 0.58 ac (25,265 SF)
Zoning code GI
APN PLAI M:24 B:R L:02.6
UPID US15-0827254

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
  • Production Facility Building Supply
  • Production Facility Building Supply
  • Production Facility Building Supply

Location

42 Neal Ct Plainville, CT 06062-1606
Plainville metro Census 420602 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
5 recorded transactions
2025
$670,000
2019
Price N/A
2008
$335,000
1998
$168,000
1988
$250,000

Zoning & alternative use

GI · Plainville, CT
General category INDUSTRIAL

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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