Financial
Distress signals
Property profile

6 Progress Dr Cromwell, CT 06416

OFF-MARKET
Showrooms
Property ID
US15-0591861
91,005 SF 11.04 ac lot Built 1968
Last sale Mar 1999 · $125,000
Individually Owned Owner of record is an individual. 27-yr Hold Held for 27 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Cromwell, CT office space offers 2,288 square feet of immediately available space within a larger 98,285 square foot building. The property, built in 1968, is a single-story structure with ample parking (30+ spaces) and is ideally suited for a variety of uses, including traditional office, medical office, or creative office tenants. The space is easily subdivided to accommodate specific business needs. Its previous use as a physical therapy office provides a head start for

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$161k
Tax billed · 2023
Assessed value$5.47M
Assessed land$361k
Assessed improvement$5.11M
Effective rate2.94%

Value estimate

· Sep 2026
$5.84M
$5.26M – $6.42M
Submarket $/SF estimate$6.33M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$121/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$60 – $196
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IND
JurisdictionCROMWELL

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage11.2
Dental Office10.1
Garden Center10.0

Location

6 Progress Dr Cromwell, CT 06416-1055
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
55 Sebethe, Cromwell, CT 06416-1054 $500,000 Oct 2024 38,024 SF
27 Coles, Cromwell, CT 06416-2606 $373,000 Apr 2024 5,425 SF
2 Willowbrook, Cromwell, CT 06416-2505 $1,850,000 Mar 2024 13,525 SF
5 Commerce, Cromwell, CT 06416-1173 $250,000 Oct 2023 12,108 SF
604 Main, Cromwell, CT 06416-1444 $1,020,000 Jan 2023 5,982 SF
194 Shunpike, Cromwell, CT 06416-1128 $585,000 Nov 2022 11,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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