1623 BerlinBerlin, CT 06037

  • Other commercial real estate
  • 38,680 SF
Off market
$30,657,620 Estimated

Property Details for 1623 Berlin

Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
3.06 AC
Property size (Sq ft)
38,680 SF
Zone code
BT-1
Property type
Other commercial real estate
Property subtype
Showrooms
APN
BERL M:22-1 B:141 L:1
APU
BERLM221B141L1

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,400,590
    6.5%
    $8,677,468
    7%
    $8,057,649
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,735,901
    Geo Method
    $12,735,901
  • Alternative Use

    Use
    Valuation
    Residential
    $7,319,769
    Hospitality
    $6,704,869
    Educational
    $5,578,372
    Medical
    $5,770,221
    Retail
    $8,677,468
1623 Berlin, Berlin, Connecticut

Location Insight

City
Berlin
County
Hartford
State
Connecticut
Latitude
41.6068
Longitude
-72.7489
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
$40,181
$330,100
$1,029,200
$1,359,300
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