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    Property profile & analytics

    483 Spg St Windsor Locks, CT 06096-1106

    • Industrial properties
    • 7,620 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2022
    $300,000
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0619694
    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.

    Current Use by Public Records

    • The Art Room / Artist
    • The Nest Therapy and Wellness / Counselor
    • The Hive Women's Empowerment Center / Reiki Therapist / Self Defense School
    • The Dance Studio of Windsor Locks / Dance School
    • Barz Factory / Music Producer

    Property Details for 483 Spg St

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.93 lot acres
    Property size
    7,620 SF
    Zone code
    BUS1
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    WINL M:26 B:39 L:39
    APU
    WINLM26B39L39

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $300,000
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $409,000
      Market price range: $409k - $1.12M
      AI Estimate
      $274,000
      Market price range: $213k - $994k

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

    Location Insight

    • Map
    • Local Demand
    City
    Windsor Locks
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.661
    Latitude
    41.9315
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, 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
    $9,571
    $83,510
    $280,000
    $363,510
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $780,000
      40,919 SF

      129 Ella Grasso Tpke

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 40,919 SF
      129 Ella Grasso Tpke, Windsor Locks, CT 06096-1026
      View Details
    • Value Estimation
      $575,000
      22,060 SF

      375 Ella Grasso Tpke

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 22,060 SF
      375 Ella Grasso Tpke, Windsor Locks, CT 06096-1003
      View Details
    • Value Estimation
      $250,000
      1,564 SF

      254 Main St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,564 SF
      254 Main St, Windsor Locks, CT 06096-1904
      View Details
    • Value Estimation
      $300,000
      5,880 SF

      535 Spg St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,880 SF
      535 Spg St, Windsor Locks, CT 06096-1106
      View Details
    • Value Estimation
      $310,000
      2.26 Acres

      531 Spg St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2.26 Acres
      531 Spg St, Windsor Locks, CT 06096-1106
      View Details
    • Value Estimation
      $285,000
      5,600 SF

      550 Spg St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,600 SF
      550 Spg St, Windsor Locks, CT 06096-1139
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      451,909 SF

      Windsor Locks Warehouse Opportunity

      451,909 sq ft warehouse near Bradley Airport.
      295 Ella Grasso Tpke, Windsor Locks, CT 06096
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    • $358,900

      Windsor Locks Specialty Property

      Specialty property available for sale in Windsor Locks, CT.
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      Established Auto Repair Business

      Operating since 2004, turn-key auto repair business for sale.
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      Windsor Locks Specialty Property

      Specialty property available for sale in Windsor Locks, CT.
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    • $429,500

      Specialty Property in Windsor Locks

      Specialty property available for sale in Windsor Locks, CT.
      15 Suffield St, Windsor Locks, CT 06096
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    • $67,000
      1,134 SF

      Turnkey Deli Near Airport

      Established deli near Bradley Airport with loyal customer base.
      325 Ella Grasso Tpke, Windsor Locks, CT 06096
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      75,000 SF

      Hartford Industrial Space Available

      Modern Flex Space near Bradley Airport
      6 Industrial Rd, Windsor Locks, CT 06096
      View Details
    • $17 SF/Yr
      1,125 SF

      Windsor Locks Warehouse Unit

      Industrial warehouse unit featuring drive-in door and clear span.
      200 Old County Cir, Windsor Locks, CT 06096
      View Details
    • Contact for pricing
      250,320 SF

      Distribution Facility with 43 Docks

      Class A distribution facility featuring 36' clear height.
      30 Hamilton Rd, Windsor Locks, CT 06096
      View Details
    • $9 SF/Yr
      83,200 SF

      High-Bay Industrial Facility For Rent

      83,200 SF industrial facility with superior infrastructure and flexibility.
      120 Old County Cir, Windsor Locks, CT 06096
      View Details
    • $7 SF/Yr
      2,550 SF

      Windsor Locks Warehouse For Lease

      2,550 SF warehouse space near Bradley Airport available for lease.
      6 Industrial Rd, Windsor Locks, CT 06096
      View Details
    • Contact for pricing
      84,700 SF

      Industrial Warehouse Space For Lease

      84,700 SF industrial space with rail access.
      293 Ella Grasso Tpke, Windsor Locks, CT 06096
      View Details
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    Windsor Locks, CT 06096-1106
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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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