Property profile

50 Progress Cir4b Newington, CT 06111

OFF-MARKET
Office Spaces
Property ID
US15-1154607
1,600 SF Built 1990
Entity Owned Free & Clear
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,600 SF
Zoning code PD
APN NEWI M:31 B:25 L:4B
UPID US15-1154607

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

50 Progress Cir4b Newington, CT 06111-5551
Newington metro Census 494201 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Zoning & alternative use

PD · Newington, CT
Zoning description

Business (PD) and Industrial (I) zones, to encourage transit-oriented development of parcels on Cedar Street, Fenn Road, and streets adjacent to Fenn Road that are generally within walking distance of the CTfastrak stati…

General category PLANNED_DEVELOPMENT

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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