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    Property profile & analytics

    67 Windsor Ave Vernon, CT 06066-2492

    • Auto shops
    • 4,085 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2023
    $415,000
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0729757
    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

    • Auto shops

    Property Details for 67 Windsor Ave

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.57 lot acres
    Property size
    4,085 SF
    Zone code
    COMMER
    Property type
    Auto shops
    APN
    VERN M:07 B:0038 L:00007
    APU
    VERNM07B0038L00007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $405,000
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $272,000
      Market price range: $173k - $518k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.4726
    Latitude
    41.865
    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
    $8,156
    $97,360
    $146,910
    $244,270
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $240,000
      2,028 SF

      985 Hartford Tpke

      AUTO REPAIR, GARAGE • 2,028 SF
      985 Hartford Tpke, Vernon, CT 06066-4407
      View Details
    • Value Estimation
      $305,000
      4,293 SF

      189 Un St

      AUTO REPAIR, GARAGE • 4,293 SF
      189 Un St, Vernon, CT 06066-2430
      View Details
    • Value Estimation
      $315,000
      6,600 SF

      327 Hartford Tpke

      AUTO REPAIR, GARAGE • 6,600 SF
      327 Hartford Tpke, Vernon, CT 06066-4739
      View Details
    • Value Estimation
      $285,000
      3,018 SF

      315 Hartford Tpke

      AUTO REPAIR, GARAGE • 3,018 SF
      315 Hartford Tpke, Vernon, CT 06066-4739
      View Details
    • Value Estimation
      $375,000
      11,957 SF

      11 Windermere Ave

      AUTO REPAIR, GARAGE • 11,957 SF
      11 Windermere Ave, Vernon, CT 06066-2425
      View Details
    • Value Estimation
      $260,000
      5,373 SF

      55 Windsor Ave

      AUTO REPAIR, GARAGE • 5,373 SF
      55 Windsor Ave, Vernon, CT 06066-2432
      View Details

    Similar Nearby for Sale

    • $385,000
      2,750 SF

      Industrial Building with Drive-In Doors

      2,750 SF industrial building with four drive-in doors.
      17 Windsor Ave, Vernon Rockville, CT 06066
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    • $575,000

      Established Auto Repair Shop

      Auto repair shop on 1.25 acres, prime visibility.
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      Versatile Commercial Property with Parking

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      19,090 SF

      Downtown Vernon Redevelopment Opportunity

      19,090 SF Mixed-Use Building, CT
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    • $3,565,217

      Retail Property For Sale

      Retail property available for purchase in Vernon Rockville, CT.
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      Profitable Storefront Retail Opportunity

      Existing 1400 sqft storefront retail business for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      300,067 SF

      Tri-City Plaza Retail Space Available

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      View Details
    • $14 SF/Yr
      35,964 SF

      Prime Vernon Office Space

      Executive suites, high visibility, I-84 access
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      View Details
    • Contact for pricing
      12,000 SF

      Retail Pad Sites Available

      Pad sites for lease or sale, 3,000-12,000 SF units.
      243 Talcottville Rd, Vernon, CT 06066
      View Details
    • $1,500 /Mo
      1,200 SF

      Vernon Commercial Space For Lease

      Commercial unit in high-traffic area, suitable for various businesses.
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      View Details
    • Contact for pricing
      21,100 SF

      Vernon Retail & Restaurant Opportunity

      Prime CT location, build-to-suit pads
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      View Details
    • $750 /Mo
      550 SF

      Commercial Space on Route 83

      Retail/office space on a high-traffic road with parking.
      624 Talcottville Rd, Vernon, CT 06066
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      721
    • Avg Time on site
      7 min
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    67 Windsor Ave
    Vernon, CT 06066-2492
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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