Technical
Financial
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Property profile

72 Queen St Southington, CT 06489

OFF-MARKET
Office buildings
Property ID
US15-0073737
9,518 SF 0.96 ac lot Built 1988
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, situated on a 0.96-acre lot in Southington, Connecticut (zip code 06489), offers a versatile workspace ideal for various professional needs. The building, constructed in 1988 and extensively renovated in 2018, boasts a total of 9,518 square feet, with a single, 2,204-square-foot space currently available for lease. This space is located on the second floor and features attractive window views from all private offices. The building's amenities include private conference rooms, a comfortable lounge area, and a convenient kitchen. The property is zoned B and provides ample parking with 49 spaces. A passenger elevator services both floors. The building's location offers excellent visibility and benefits from high traffic counts. This is a rare opportunity to secure a well-maintained, modern office space in a desirable Southington location. The property's features include a single elevator, and the minimum divisible space is 2,204 square feet, which is also the maximum contiguous space currently available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 9,518 SF
Lot 0.96 ac (41,818 SF)
Zoning code B
APN SOUT M:133 L:071
UPID US15-0073737

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
  • Physician
  • Physician
  • Financial Advisor
  • Accounting Firm
  • Consultant

Location

72 Queen St Southington, CT 06489-2023
Southington metro Census 430603 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$555k

Owner & transaction history

since 2018
7 recorded transactions
2018
$950,000
2013
Price N/A
2012
Price N/A
2010
Price N/A
2001
Price N/A
1998
$525,000
1993
$715,000

Zoning & alternative use

B · Southington, CT
Zoning description

The business district is intended to provide suitable areas for business development appropriate to overall community and regional needs, the location and characteristics of the land, and the characteristics of the area

General category COMMERCIAL
Top alternative use upside
Restaurant $1.6M +55.2%
Retail stores $1.1M +4.4%

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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