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Property profile & analytics
OFF-MARKET Estimated value $1,775,000
Retail space

56 Costello Rd Newington, CT 06111-5108

42,586 SF 3.78 ac lot Built 1960
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US15-0460882
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction FRAME
Total area 42,586 SF
Lot 3.78 ac (164,657 SF)
Zoning code PD
APN NEWI M:32 B:9 L:0
UPID US15-0460882
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ashley Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.78M
Owner & transaction history
Zynn LLC · 9 yrs held
Zynn LLC
since 2017
7 recorded transactions
2025
Price N/A
2017
$2.9M
2008
Price N/A
2004
Price N/A
1999
Price N/A
1992
Price N/A
1987
Price N/A
Zoning & alternative use
PD · Newington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 station on Myra Cohen Way. B. The use of land, buildings and other structures within the TOD Overlay District shall be established and conducted…

Zone name Planned Development
General category PLANNED_DEVELOPMENT
Zone area 873.60 ac
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