Property profile

61 Arrow Rd Wethersfield, CT 06109

OFF-MARKET
Manufacturing properties
Property ID
US15-0116838
36,495 SF 5.63 ac lot Built 1967
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 36,495 SF
Lot 5.63 ac (245,243 SF)
Zoning code BP
APN WETH M:015 B:001
UPID US15-0116838

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Painting Service General Contractor
  • Alternative Medicine Practice Acupuncture
  • Business To Business Service
  • Crisis Center Medical Clinic
  • Nail Salon

Location

61 Arrow Rd Wethersfield, CT 06109-1357
Wethersfield metro Census 492300 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.66M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$2.99M

Owner & transaction history

since 2021
Last sale
$2.5M
5 recorded transactions
2021
$2.5M
2017
$850,000
2015
$601,000
2004
$700,000
2001
Price N/A

Zoning & alternative use

BP · Wethersfield, CT
Zoning description

F. The Business Park (BP) District is intended to provide for the development, maintenance, and enhancement of areas that will allow for economic development in order to provide for employment and a healthy tax base for…

General category COMMERCIAL
Top alternative use upside
Retail stores $3.7M +87.2%
Auto repair, garage $3.3M +66.0%
Apartment house (5+ units) $3.2M +62.1%

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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