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    Property profile & analytics
    OFF-MARKET Estimated value $8,270,000
    Medical Office Space

    440 New Britain Ave, Plainville, CT 06062-2036

    27,937 SF 6.23 ac lot Built 1998
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US15-0585921
    Property summary
    AI-generated overview

    This exceptional 27,937 square foot Class B medical office building, situated on a 6.29-acre lot in Plainville, Connecticut, presents a unique investment opportunity. Built in 1998, the single-story building features 149 parking spaces and is zoned RI. Currently, there is space available ranging from 8,000 to 10,000 square feet, with the potential for a build-to-suit addition of up to 10,000+ square feet. The property boasts a strong tenant roster, including Hartford Healthcare and the Central Connecticut Endoscopy Center, creating a synergistic environment. Its strategic location across from the newly constructed Hartford HealthCare Medical Arts Building and a hospital-owned Cancer Center (joint venture with Memorial Sloan Kettering) provides excellent visibility and access to a robust referral network. Convenient highway access and abundant local amenities further enhance its appeal. The minimum divisible space is 10,000 square feet, with a maximum contiguous space also of 10,000 square feet. This property is ideal for a medical practice seeking a highly accessible and well-established location in central Connecticut. The property's address is 440 New Britain Ave, Plainville, CT 06062.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1998
    Construction STEEL FRAME
    Total area 27,937 SF
    Lot 6.23 ac (271,379 SF)
    Zoning code RI
    APN PLAI M:32 B:B L:02
    UPID US15-0585921
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Sandor Nagy Jr, MD Physician
    • The Hospital of Central Connecticut Occupational Health Services Physician
    • Eileen Kisilis Plotkin Physician
    • Central Connecticut Physical Physician
    • Randstad Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $8.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $8.27M
    Owner & transaction history
    Doc 440 New Britain Ave · 4 yrs held
    Doc 440 New Britain Ave
    since 2021
    Last sale
    $8.3M
    7 recorded transactions
    2021
    $8.3M
    2018
    $5.5M
    2017
    2014
    2010
    2007
    2005
    Zoning & alternative use
    RI · Plainville, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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