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    Property profile & analytics

    562 Main St Cromwell, CT 06416-1419

    • Investment properties
    • 1.51 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Last Sale
    Sep 02, 2022
    $312,000
    Location Intelligence
    Property ID
    US15-0127526
    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

    • Investment properties

    Property Details for 562 Main St

    Lot size
    1.51 lot acres
    Zone code
    R-15
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CROM M:00303100
    APU
    CROMM00303100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $390,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $345,000
      Mixed-Use
      $370,000
      Hospitality
      $375,000
      Educational
      $330,000
      Residential Income
      $345,000
      Energy
      $360,000
      Income-Based Land
      $390,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6533
    Latitude
    41.6198
    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
    $12,850
    $162,610
    $274,330
    $436,940
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      1,488 SF

      44th Geer St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,488 SF
      44th Geer St, Cromwell, CT 06416-1331
      View Details
    • Value Estimation
      $370,000
      3.20 Acres

      379 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3.20 Acres
      379 Main St, Cromwell, CT 06416-2308
      View Details
    • Value Estimation
      $240,000
      858 SF

      232 Shunpike Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 858 SF
      232 Shunpike Rd, Cromwell, CT 06416-1128
      View Details
    • Value Estimation by Request
      7.82 Acres

      156 Berlin Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7.82 Acres
      156 Berlin Rd, Cromwell, CT 06416-1019
      View Details
    • Value Estimation
      $260,000
      1,924 SF

      153 Ww St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,924 SF
      153 Ww St, Cromwell, CT 06416-2424
      View Details
    • Value Estimation
      $310,000
      0.81 Acres

      47 Coles Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.81 Acres
      47 Coles Rd, Cromwell, CT 06416-2608
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Specialty property available for sale on Main Street.
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    Similar Nearby for Lease

    • $2,100 /Mo
      1,200 SF

      Unique Commercial Space in Cromwell

      Retail/office space in a unique location, must see!
      309 Main St, Cromwell, CT 06416
      View Details
    • Contact for pricing
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      Cromwell Retail Space For Lease

      Prime Retail Location, Multiple Units Available
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      View Details
    • Contact for pricing
      19,000 SF

      Cromwell Office Space Sublease

      Office space available for sublease in Cromwell, Connecticut.
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      View Details
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      Unique Specialty Property for Rent

      Unique property in a desirable location, must see!
      309 Main St Suite, Cromwell, CT 06416
      View Details
    • $2,100 /Mo

      Unique Property and Location

      Unique property available for rent in a desirable location.
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      View Details
    • Contact for pricing
      21,872 SF

      Cromwell Square Shopping Center

      High-traffic retail space, Route 372
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      View Details
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    562 Main St
    Cromwell, CT 06416-1419
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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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