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    Property profile & analytics

    56 Costello Rd Newington, CT 06111-5108

    • Retail space
    • 42,586 SF
    • 3.78 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US15-0460882
    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

    • Ashley Store / Lighting Store / Bedroom Furniture Store

    Property Details for 56 Costello Rd

    Year built
    1960
    Construction
    FRAME
    Lot size
    3.78 lot acres
    Property size
    42,586 SF
    Zone code
    PD
    Property type
    Retail space
    APN
    NEWI M:32 B:9 L:0
    APU
    NEWIM32B9L0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7239
    Latitude
    41.6561
    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
    $91,297
    $630,000
    $1,750,000
    $2,380,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $490,000
      3,834 SF

      456 New Britain Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,834 SF
      456 New Britain Ave, Newington, CT 06111-4342
      View Details
    • Value Estimation
      $515,000
      4,570 SF

      2221 Berlin Tpke

      RETAIL STORES (PERSONAL SERVICES) • 4,570 SF
      2221 Berlin Tpke, Newington, CT 06111-3201
      View Details
    • Value Estimation
      $1,660,000
      5,414 SF

      285-289 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,414 SF
      285-289 Main St, Newington, CT 06111
      View Details
    • Value Estimation
      $410,000
      5,880 SF

      122 Market Sq, Unit 136

      RETAIL STORES (PERSONAL SERVICES) • 5,880 SF
      122 Market Sq, Newington, CT 06111-2913
      View Details
    • Value Estimation
      $320,000
      8,722 SF

      75 Market Sq, Unit 87

      RETAIL STORES (PERSONAL SERVICES) • 8,722 SF
      75 Market Sq, Newington, CT 06111-2925
      View Details
    • Value Estimation
      $235,000
      1,344 SF

      548 New Britain Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,344 SF
      548 New Britain Ave, Newington, CT 06111-4349
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      139,780 SF

      Mixed-Use Flex/Industrial Warehouse & Retail

      139,780 SF mixed-use flex/industrial warehouse & retail property.
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    • $850,000
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      Retail Building Near Berlin Turnpike

      Retail building with two suites near a retail center.
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      4,350 SF

      Retail/Medical Condo For Sale

      4,350± SF retail/medical condo, leased through 2029.
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    • $5,923,076
      10,000 SF

      Newington, CT Retail NNN Asset

      10,000 SF NNN leased to The Learning Experience.
      395 Willard Ave, Newington, CT 06111
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    • Contact for pricing
      3.22 Acres

      Prime Newington Retail Land

      3.22 Acres, High-Traffic Location
      2640 Berlin Tpke, Newington, CT 06111
      View Details
    • $2,400,000
      3,256 SF

      Newington QSR/Fast Food Opportunity

      Prime location, vacant, 3,256 sq ft.
      2495 Berlin Tpke, Newington, CT 06111
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    Similar Nearby for Lease

    • Contact for pricing
      3,692 SF

      Retail Space on Berlin Turnpike

      Retail space with high visibility and ample parking.
      2303-2315 Berlin Tpke, Newington, CT 06111
      View Details
    • $2,100 /Mo

      Prime Retail Space in Newington

      Storefront in the heart of downtown Newington, near town activities.
      1046 Main St, Newington, CT 06111
      View Details
    • $10 SF/Yr
      52,544 SF

      Retail Space in Newington Center

      Retail space available for immediate occupancy in Newington, Connecticut.
      719 New Britain Ave, Newington, CT 06111
      View Details
    • $20 SF/Yr
      1,500 SF

      Retail/Office Space For Lease

      Retail or office space with high visibility and ample parking.
      2199 Berlin Tpke, Newington, CT 06111
      View Details
    • Contact for pricing
      2,583 SF

      Retail Space in Newington Center

      Retail space for lease in Newington, Connecticut.
      3333 Berlin Tpke, Newington, CT 06111
      View Details
    • Contact for pricing
      975 SF

      Retail Space in Newington

      Retail space available for lease in Newington, Connecticut.
      451 New Britain Ave, Newington, CT 06111
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.5k
    • Avg Time on site
      36 min
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    56 Costello Rd
    Newington, CT 06111-5108
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    Realmo Value Estimation

    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.

    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.

    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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