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    9 Allen Hill Rd Brooklyn, CT 06234
    Property profile & analytics

    9 Allen Hill Rd Brooklyn, CT 06234

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    • Commercial land
    • 3,129 SF
    For Sale
    $650,000
    View Listing →
    Corner Lot in Commercial District For Sale
    $650,000
    1,727 SF

    Corner Lot in Commercial District

    Corner lot in a planned commercial district with traffic control.

    9 Allen Hill Road, Brooklyn, CT 6234
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 9 Allen Hill Rd

    Year built
    1871
    Property size
    3,129 SF
    Property type
    Commercial land
    Property subtype
    Retail properties & Spaces

    Description

    This is an opportunity to turn this corner lot with Traffic controll in place, in the heart of The Planned Commercial District, Into a thriving business. This would be a great location for a ton of different options...Dairy Queen would kill it... There is an original Farmhouse Sitting on the propert ... y now which is currently Occupied and That has a new roof. Rt 6 is an up and coming busniness hub with anchor stores such as walmart, Mc Donalds , Dunkin Donuts ,Ocean state Job Lot, Various Car Dealerships etc.. Traffic counts over 15000 ,per day . Land Behind This Property at 16 Allen Hill Rd Is also for sale @4.5 Acres as well as 19.1 acres abutting, and 0 Allen Hill rd . Assemblage of these properties would be the best use of the Land.and give the opportunity for a large development that according to the First selectman, would also want a form of housing on the property, condo , apartments, mixed use. cannabis Retail

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Windham
    State
    Connecticut
    Longitude
    -71.90794
    Latitude
    41.797585

    Comparable in this City

    • $999,900

      Brooklyn Commercial Property For Sale

      Prime commercial opportunity in Brooklyn's thriving downtown district.
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    • $349,500

      Land Across From Walmart

      Land with conceptual plans for retail, storage, apartments, and condos.
      423 Providence Rd, Brooklyn, CT 06234
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    • $3,750,000
      8,936 SF

      Restaurant, Driving Range, and Barn

      Thriving restaurant, driving range, and barn on 11.58 acres.
      170 South St, Brooklyn, CT 06234
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    • $3,000,000
      999 SF

      Prime Commercial Land Opportunity

      4.6 acres in planned commercial district with high traffic.
      16 Allen Hill Rd, Brooklyn, CT 06234
      View Details

    Similar Nearby for Sale

    • $999,900

      Brooklyn Commercial Property For Sale

      Prime commercial opportunity in Brooklyn's thriving downtown district.
      17 South Main St, Brooklyn, CT 06234
      View Details
    • $349,500

      Land Across From Walmart

      Land with conceptual plans for retail, storage, apartments, and condos.
      423 Providence Rd, Brooklyn, CT 06234
      View Details
    • $650,000
      1,727 SF

      Corner Lot in Commercial District

      Corner lot in a planned commercial district with traffic control.
      9 Allen Hill Rd, Brooklyn, CT 06234
      View Details
    • $799,500

      Land Near Walmart Supercenter

      Land suitable for retail, self-storage, apartments, or condos.
      405 Providence Rd, Brooklyn, CT 06234
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    Similar Nearby for Lease

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      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
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    • Contact for pricing

      Retail Space Available

      Retail space for rent at 566 Providence Rd.
      566 Providence Rd, Brooklyn, CT 06234
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    • Contact for pricing
      2,800 SF

      Brooklyn Office Space Opportunity

      Office space available for rent in Brooklyn, Connecticut.
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    • New
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      Move-in Ready Brooklyn Office Space

      Versatile office space in a high-visibility, convenient location.
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    • $1,750 /Mo
      696 SF

      Move-in Ready Furnished Office Space

      Versatile office space in a high-visibility, convenient location.
      144 South Main St, Brooklyn, CT 06234
      View Details
    View Listing
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    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.

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