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    448 Hartford Pike Killingly, CT 06241-2110
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    Property profile & analytics

    448 Hartford Pike Killingly, CT 06241-2110

    View on Map
    • Apartment buildings
    • 10,724 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Jul 27, 2021
    Property ID
    US15-0133624
    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
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 448 Hartford Pike

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    10,724 SF
    Zone code
    GC
    Property type
    Apartment buildings
    APN
    KILL M:107 B:71
    APU
    KILLM107B71

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $596,000
      Market price range: $596k - $1.22M
      AI Estimate
      $596,000
      Market price range: $596k - $1.02M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $935,000
      Current use
      COMMERCIAL (GENERAL)
      $965,000
      Change: +3% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $770,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.8884
    Latitude
    41.8465
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-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
    2023
    $5,950
    $26,110
    $181,580
    $207,690
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,832 SF

      490 Hartford Pike

      APARTMENT HOUSE (5+ UNITS) • 5,832 SF
      490 Hartford Pike, Killingly, CT 06241-4132
      View Details
    • Value Estimation
      $565,000
      9,984 SF

      1662 Uppr Maple St

      APARTMENT HOUSE (5+ UNITS) • 9,984 SF
      1662 Uppr Maple St, Killingly, CT 06241-1553
      View Details
    • Value Estimation by Request
      9,240 SF

      826 Hartford Pike

      APARTMENT HOUSE (5+ UNITS) • 9,240 SF
      826 Hartford Pike, Killingly, CT 06241
      View Details
    • Value Estimation by Request
      2,160 SF

      391 Putnam Pike

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,160 SF
      391 Putnam Pike, Killingly, CT 06241-1144
      View Details
    • Value Estimation by Request
      2,964 SF

      5 Country Clb Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,964 SF
      5 Country Clb Rd, Killingly, CT 06241-1141
      View Details
    • Value Estimation by Request
      2,976 SF

      8 Breakneck Hl Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,976 SF
      8 Breakneck Hl Rd, Killingly, CT 06241-1783
      View Details

    Similar Nearby for Sale

    • $299,900
      Pending

      Two-Family Home with Recent Updates

      Two-unit property featuring updated systems and separate utilities.
      71 Pineville Rd, Killingly, CT 06241
      View Details
    • $380,000

      Killingly Two-Family Home For Sale

      Well-maintained two-family home with modern amenities and convenient location.
      36 Church St, Killingly, CT 06241
      View Details
    • $299,900
      Pending

      Killingly Multi-Family Property For Sale

      Two-family property in Killingly, CT with updated features.
      71 Pineville Rd, Killingly, CT 06241
      View Details
    • $2,816,000

      Development Land on Hartford Pike

      Level land ideal for development in Killingly, Connecticut.
      842 Hartford Pike, Killingly, CT 06241
      View Details
    • $2,816,000
      11.00 Acres

      Killingly Commercial Land For Sale

      Level land ideal for development in Killingly, Connecticut.
      842 Hartford Pike, Killingly, CT 06241
      View Details
    • $450,000
      10,000 SF

      Killingly Mixed-Use Redevelopment Opportunity

      Mixed-use building in prime location with redevelopment potential.
      444 Hartford Pike, Killingly, CT 06241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      460,000 SF

      Killingly Distribution Center Sublease

      460,000 SF distribution center available for sublease.
      500 Forbes Rd, Killingly, CT 06241
      View Details
    • Contact for pricing
      7,468 SF

      Regional Shopping Center Retail Space

      Retail space available in a dominant regional shopping center.
      581-2177 Hartford Pike, Killingly, CT 06241
      View Details
    • Contact for pricing

      Dayville Distribution Center Sublease Opportunity

      460,000 SF distribution center available for sublease near I-395.
      30 Forbes Rd, Dayville, CT 06241
      View Details
    • $1,500 /Mo
      1,500 SF

      Remodeled Retail Space on Main

      Newly remodeled 1500 sq ft retail space on Main Street.
      90 Main St, Killingly, CT 06241
      View Details
    • Contact for pricing
      990 SF

      Killingly Retail Space For Rent

      Retail space available in a regional shopping destination.
      1068-1078 N Main St, Killingly, CT 06241
      View Details

    Property Visit Statistics

    • Visits by month
      10.4k
    • Visitors by month
      6.1k
    • Avg Time on site
      7 min
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    Killingly, CT 06241-2110
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    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
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