Back to Search
Property profile & analytics
FOR LEASE
Manufacturing properties
74 Spring St Southington, CT 06489
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US15-1176238
For Lease
1 / 3
$7.75 SF/Yr
74 Spring St, Southington, CT 06489
View Listing →
Property summary
AI-generated overview
This exceptional Southington, CT industrial property at 74 Spring Street offers 112,213 square feet of versatile flex, warehouse, and distribution space. The single-story, Class B building, constructed in 1965, features two suites, with 33,000 square feet currently vacant and divisible into units ranging from 14,652 to 33,000 contiguous square feet. High ceilings (18-20 feet) accommodate various uses, complemented by two loading docks, one drive-in door, and ample parking (50 spaces). The property sits on 5.4 acres of land, boasting a building floor area ratio (FAR) of 0.47 and is zoned for industrial use. Its strategic location provides easy access to I-84, placing it within a two-hour radius of both New York City and Boston. The 400-amp power supply ensures operational efficiency. Lease terms are flexible, with pricing per square foot negotiable. This is an unparalleled opportunity for businesses seeking a well-located, functional industrial space in central Connecticut.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Total area
112,213 SF
Lot
5.4 ac (235,224 SF)
Zoning code
I-1
APN
SOUT M:169 L:006
UPID
US15-1176238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Outlet Discount Store Supermarket
-
Reverse Solutions Warehouse & Storage
-
Amazon Hub Locker - Tourism Postal Service Courier Service
-
the outlet ct Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$3.07M
Owner & transaction history
Savings Bank Of Danbury · 14 yrs held
Savings Bank Of Danbury
since 2012
4 recorded transactions
Zoning & alternative use
I-1 · Southington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$27 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$81,933
Tax year 2023
Assessed value
$2,698,710
Assessed 2023
Previous assessed
$2,698,710
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$466,210
Assessed improvement
$2,232,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1965
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
112,213 SF
Lot
5.4 ac (235,224 SF)
Zoning code
I-1
APN
SOUT M:169 L:006
UPID
US15-1176238
Jurisdiction
SOUTHINGTON
Zoning & alternative use
I-1 · Southington, CT
Zoning I-1 · permitted uses
I-1 · Southington, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
5.4 ac
Current owner
From public records · entity-resolved
Savings Bank Of Danbury
Entity
Mailing address
PO BOX 43, PLANTSVILLE, CT 06479-0043
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2021
—
74 Spring Street LLC
—
Deed
related
$230,063 · Savings Bank Of Danbury
Apr 9, 2012
—
Savings Bank Of Danbury
74 Spring Street Rlty LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Dec 30, 2009
—
74 Spring Street Rlty LLC
—
Deed Of Trust
related
$750,000 · Connecticut State
Dec 27, 2005
$8,000,000
74 Spring St Rlty LLC
Loujay Assoc
Warranty Deed
$3,200,000 · Sovereign Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
