Property profile

445 Providence Rd Brooklyn, CT 06234

OFF-MARKET
Commercial real estate
Property ID
US15-0675244
5,152 SF 1.62 ac lot Built 1970
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction FRAME
Total area 5,152 SF
Lot 1.62 ac (70,567 SF)
Zoning code PC
APN BROO M:41 L:115
UPID US15-0675244

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
  • Restaurant
  • Cafe & Coffee Shop

Location

445 Providence Rd Brooklyn, CT 06234-1818
Brooklyn metro Census 905101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$692k
Blend (final) Blend
$670k

Owner & transaction history

since 2015
2 recorded transactions
2015
$1.1M
2001
$7,700

Zoning & alternative use

PC · Brooklyn, CT
Zoning description

The Planned Commercial (PC) Zone is intended to provide for those commercial uses which will accommodate the broad range of retail shopping, service and office space that will economically enhance the community while mai…

General category COMMERCIAL
Top alternative use upside
Retail stores $520,000 +12.6%

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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