Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9 Heritage Park Rd Clinton, CT 06413
    Back to Search
    Property profile & analytics

    9 Heritage Park Rd Clinton, CT 06413

    View on Map
    • Industrial properties
    • 55,000 SF
    • 4.12 lot acres
    For Sale
    $3,375,000
    View Listing →
    Clinton Industrial Building For Sale For Sale
    $3,375,000
    42,000 SF

    Clinton Industrial Building For Sale

    42,000 SF industrial building on 4.12 acres.

    9 Heritage Park Rd, Clinton, CT
    View Listing
    Property ID
    US15-0287234
    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

    • Industrial properties

    Property Details for 9 Heritage Park Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    4.12 lot acres
    Property size
    55,000 SF
    Zone code
    I-2
    Property type
    Industrial properties
    APN
    CLIN M:78 B:59 L:H-5
    APU
    CLINM78B59LH5

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,208,000
      Market price range: $2.41M - $6.39M
      AI Estimate
      $3,544,000
      Market price range: $2.11M - $7.43M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,580,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.502
    Latitude
    41.2776
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,397
    $320,800
    $1,402,200
    $1,723,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.10 Acres

      93 Main St

      INDUSTRIAL (GENERAL) • 3.10 Acres
      93 Main St, Clinton, CT 06413-1645
      View Details
    • Value Estimation by Request
      1,086 SF

      112 Nod Rd Ste, Unit 3

      CONDOMINIUMS (INDUSTRIAL) • 1,086 SF
      112 Nod Rd Ste, Clinton, CT 06413-1009
      View Details
    • Value Estimation by Request
      11,088 SF

      101 Glenwood Rd

      INDUSTRIAL (GENERAL) • 11,088 SF
      101 Glenwood Rd, Clinton, CT 06413
      View Details
    • Value Estimation
      $950,000
      14,800 SF

      1 Heritage Park Rd

      INDUSTRIAL (GENERAL) • 14,800 SF
      1 Heritage Park Rd, Clinton, CT 06413-1836
      View Details
    • Value Estimation by Request
      1,958 SF

      22 Nod Pl, Unit 3

      CONDOMINIUMS (INDUSTRIAL) • 1,958 SF
      22 Nod Pl, Clinton, CT 06413-1612
      View Details
    • Value Estimation by Request
      2.37 Acres

      35 Lumberyard Rd

      INDUSTRIAL (GENERAL) • 2.37 Acres
      35 Lumberyard Rd, Clinton, CT 06413-1607
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,000 SF

      Clinton Industrial Building For Sale

      42,000 SF industrial building on 4.12 acres.
      9 Heritage Park Rd, Clinton, CT 06413
      View Details
    • Contact for pricing
      42,000 SF

      Clinton Industrial Building For Sale

      42,000 SF industrial building on 4.12 acres available for sale.
      9 Heritage Park Rd, Clinton, CT 06413
      View Details
    • Contact for pricing
      11,250 SF

      Shoreline Commercial Warehouse Opportunity

      Versatile warehouse with functionality, access, and expansion potential.
      64 Nod Rd, Clinton, CT 06413
      View Details
    • Contact for pricing
      175,000 SF

      Industrial Property with Rail Access

      175,000 SF industrial property on 37.33 acres with rail access.
      140 Knollwood Dr, Clinton, CT 06413
      View Details
    • $1,600,000

      Shoreline Commercial Warehouse Opportunity

      Versatile 11,250 SF warehouse with highway access and acreage.
      64 Nod Rd, Clinton, CT 06413
      View Details
    • $299,000
      9,271 SF

      High-Visibility Clinton Commercial Space

      Prime Retail Location, High Traffic Count
      25 Main St, Clinton, CT 06413
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      200,000 SF

      Industrial Build-to-Suit Opportunity

      Up to 200,000 SF build-to-suit industrial space available.
      30 Old Post Rd, Clinton, CT 06413
      View Details
    • $4,500 /Mo
      6,115 SF

      Warehouse/Retail Space with Office

      6,115 SF warehouse/retail space with office for lease.
      27-B West Main St, Clinton, CT 06413
      View Details
    • $4,500 /Mo

      Warehouse, Retail, and Office Space

      6,115 SF mixed-use space for lease near I-95.
      27-B W Main St, Clinton, CT 06413
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9 Heritage Park Rd
    Clinton, CT 06413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9 Heritage Park Rd, Clinton, CT, 06413
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!