Property profile

701 Portland Cobalt Rd Portland, CT 06480

OFF-MARKET
Manufacturing properties
Property ID
US15-0358774
4,480 SF 0.59 ac lot Built 1900
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1900
Construction FRAME
Total area 4,480 SF
Lot 0.59 ac (25,700 SF)
Zoning code IP
APN PORT M:022 B:0018
UPID US15-0358774

Cap rate & NOI

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

Location

701 Portland Cobalt Rd Portland, CT 06480-1724
Portland metro Census 560100 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2021
Last sale
$257,000
1 recorded transaction
2021
$257,000

Zoning & alternative use

IP · Portland, CT
Zoning description

The purpose of IP district is to develop farms and roadside stands for the sale of farm produce and products accessory to the farm

General category INDUSTRIAL

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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