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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    49 Cedar St Newington, CT 06111-2533

    • Residential income homes
    • 1,284 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    7.1%
    Residential income homes
    Location Intelligence
    Property ID
    US15-0894731
    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

    • Del Soul Spa / Facial Spa / Massage Spa

    Property Details for 49 Cedar St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    1,284 SF
    Zone code
    B-TC
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    NEWI M:10 B:649 L:0
    APU
    NEWIM10B649L0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $315,000
      6.5%
      $290,000
      7%
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7211
    Latitude
    41.698
    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
    $5,093
    $89,250
    $43,510
    $132,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      3,032 SF

      1423 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,032 SF
      1423 Main St, Newington, CT 06111-3162
      View Details
    • Value Estimation
      $565,000
      3,126 SF

      100 Deming St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,126 SF
      100 Deming St, Newington, CT 06111-4622
      View Details
    • Value Estimation
      $310,000
      3,042 SF

      556 New Britain Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,042 SF
      556 New Britain Ave, Newington, CT 06111-4371
      View Details
    • Value Estimation
      $275,000
      2,855 SF

      1913 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,855 SF
      1913 Main St, Newington, CT 06111-4025
      View Details
    • Value Estimation
      $295,000
      5,916 SF

      1418 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,916 SF
      1418 Main St, Newington, CT 06111-3164
      View Details
    • Value Estimation
      $455,000
      3,798 SF

      98 Cedar St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,798 SF
      98 Cedar St, Newington, CT 06111-2613
      View Details

    Similar Nearby for Sale

    • $539,900

      Residential Income Property For Sale

      Residential income property available for purchase.
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      Side-by-side duplex in Newington, ideal for investors or owner-occupants.
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    • $100,000
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      Established Newington Business Opportunity

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    • Contact for pricing
      139,780 SF

      Mixed-Use Flex/Industrial Warehouse & Retail

      139,780 SF mixed-use flex/industrial warehouse & retail property.
      1170 Main St, Newington, CT 06111
      View Details
    • $479,000

      Newington Specialty Property For Sale

      Specialty property available for purchase in Newington, Connecticut.
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      Specialty Property For Sale

      Specialty property available for purchase.
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    Similar Nearby for Lease

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      2,583 SF

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      Retail space for lease in Newington, Connecticut.
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    • Contact for pricing
      1,542 SF

      Retail Space on Berlin Turnpike

      Retail space in high-traffic Newington location near CCSU.
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    • Contact for pricing
      5,400 SF

      Newington Flex/Industrial Space Available

      5,400 SF flex/industrial space for lease in Newington, CT.
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      39,239 SF

      Community Center Retail Space Available

      148,000 SF community center with ample parking.
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      View Details
    • Contact for pricing
      2,800 SF

      Retail Space on Berlin Turnpike

      Retail space available for sublease in high-traffic area.
      3219-3221 Berlin Tpke, Newington, CT 06111
      View Details
    • $1,500 /Mo

      Newington Retail/Office Space Available

      1,000 SF retail/office space in Newington Center.
      142 Market Sq, Newington, CT 06111
      View Details
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    49 Cedar St
    Newington, CT 06111-2533
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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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