12 Northwood DrBloomfield, CT 06002

Property Details for 12 Northwood Dr

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.08 AC

Property size (Sq ft)

4,020 SF

Zone code

I-2

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

BLOO M:21 L:67

APU

BLOOM21L67

Description

This Bloomfield, Connecticut industrial warehouse, situated on a 2.08-acre lot at 12 Northwood Drive, presents a compelling investment opportunity. The 4,020-square-foot building, constructed in 1984, features 2,760 square feet of industrial space and 1,260 square feet of office space. The property boasts 18-foot clear ceiling heights, providing ample vertical space. Four loading docks (two at 14 feet and two at 16 feet) ensure efficient loading and unloading, complemented by one drive-in door. The building's exterior is masonry construction with a concrete foundation and asphalt shingle roof. The interior features LED and fluorescent lighting, gas heat, and air conditioning in the office area. The property has a 200-amp electrical service, and water and sewer are provided by MDC, with gas and electric services from Eversource. Parking is available at a ratio of 1.8 spaces per 1,000 square feet. The property is zoned I-2 and includes a fenced area for outside storage. The asking price is $695,000, translating to $172.89 per square foot. This property is conveniently located off Route 187, a short distance from Interstate 91, Exit 37. This property is ideal for owner-users or those seeking a redevelopment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $824,136

  6.5%

  $760,741

  7%

  $706,403

• Comparable approach

  Method

  Valuation

  Relative Method

  $814,142

  Geo Method

  $814,142

• Alternative Use

  Use

  Valuation

  Residential

  $760,741

  Hospitality

  $696,835

  Educational

  $579,758

  Medical

  $599,697

  Retail

  $901,846

Location Insight

City

Bloomfield

County

Hartford

State

Connecticut

Latitude

41.85

Longitude

-72.7034

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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