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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9 Allen Hill Rd Brooklyn, CT 06234

    • Commercial real estate
    • 3,129 SF
    • 0.42 lot acres
    For Sale
    View listing
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0675252
    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

    • Commercial real estate

    Property Details for 9 Allen Hill Rd

    Year built
    1871
    Lot size
    0.42 lot acres
    Property size
    3,129 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,129 square foot commercial property, situated on a 0.42-acre corner lot at 9 Allen Hill Road in Brooklyn, CT, presents a unique investment opportunity. Located in a planned commercial district with high visibility and traffic counts exceeding 15,000 vehicles daily, this site boasts significant potential for a variety of businesses. The property currently features an occupied farmhouse with a recently installed new roof. Its strategic location along Route 6, a burgeoning business hub, places it in close proximity to established anchor stores such as Walmart, McDonald's, Dunkin' Donuts, Ocean State Job Lot, and various car dealerships. The high traffic volume ensures excellent exposure for any commercial venture. Further development opportunities exist through potential assemblage with adjacent properties. A 4.5-acre parcel at 16 Allen Hill Road and a 19.1-acre parcel at 0 Allen Hill Road are also available for purchase, allowing for a larger-scale development project. According to the First Selectman, a mixed-use development incorporating residential components, such as condos or apartments, would be favorably considered. The property's prime location and potential for expansion make it an ideal investment for both established businesses and developers seeking a high-growth area. The asking price for this exceptional property is $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Windham
    State
    Connecticut
    Longitude
    -71.90718
    Latitude
    41.79757

    Comparable in this City

    • $250,000
      1,500 SF

      Prime Brooklyn Commercial Property

      Former service station, great investment opportunity.
      59 Main St, Brooklyn, CT 06234
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    • $349,500
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      Brooklyn Commercial Land - $349,500

      1.14-Acre Pad Site, High Traffic
      423 Providence Rd, Brooklyn, CT 06234
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    • $497,500
      2.32 Acres

      Prime Brooklyn Commercial Land

      2.32 Acres near Walmart
      454 Providence Rd, Brooklyn, CT 06234
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    • $550,000
      6,578 SF

      Brooklyn CT Commercial Property

      Prime 19.71-Acre Commercial Land & Buildings
      110 Day St, Brooklyn, CT 06234
      View Details
    • $1,500,000
      1,940 SF

      Prime Brooklyn Commercial Land

      4.6 Acres, High Traffic, Development Potential
      16 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $799,500
      10.48 Acres

      Brooklyn Commercial Land - 10 Acres

      Prime 10-acre commercial tract, high traffic.
      405 Providence Rd, Brooklyn, CT 06234
      View Details

    Similar Nearby for Sale

    • $250,000
      1,500 SF

      Prime Brooklyn Commercial Property

      Former service station, great investment opportunity.
      59 Main St, Brooklyn, CT 06234
      View Details
    • $349,500
      1.14 Acres

      Brooklyn Commercial Land - $349,500

      1.14-Acre Pad Site, High Traffic
      423 Providence Rd, Brooklyn, CT 06234
      View Details
    • $497,500
      2.32 Acres

      Prime Brooklyn Commercial Land

      2.32 Acres near Walmart
      454 Providence Rd, Brooklyn, CT 06234
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    • $550,000
      6,578 SF

      Brooklyn CT Commercial Property

      Prime 19.71-Acre Commercial Land & Buildings
      110 Day St, Brooklyn, CT 06234
      View Details
    • $1,500,000
      1,940 SF

      Prime Brooklyn Commercial Land

      4.6 Acres, High Traffic, Development Potential
      16 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $799,500
      10.48 Acres

      Brooklyn Commercial Land - 10 Acres

      Prime 10-acre commercial tract, high traffic.
      405 Providence Rd, Brooklyn, CT 06234
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    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Brooklyn Commons Retail Space

      Prime Brooklyn, CT Retail Opportunity
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      2,800 SF

      Brooklyn Office Space Opportunity

      Office space available for rent in Brooklyn, Connecticut.
      580 Providence Rd, Brooklyn, CT 06234
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    • Contact for pricing
      1,250 SF

      Retail Space with Drive-Thru

      Highly visible retail space with approved food use and drive-thru.
      500 Providence Rd, Brooklyn, CT 06234
      View Details
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    9 Allen Hill Rd
    Brooklyn, CT 06234
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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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