546 Cromwell AveRocky Hill, CT 06067

Property Details for 546 Cromwell Ave

Year built

1993

Construction

STEEL FRAME

Lot size

0.91 AC

Property size (Sq ft)

12,000 SF

Zone code

C

Property type

Showrooms

APN

ROCK M:12 L:175

APU

ROCKM12L175

Description

This exceptional Class A medical office building, totaling 11,000 square feet, is strategically located at 546 Cromwell Ave, Rocky Hill, CT 06067, within the Greater Hartford metropolitan area. Anchored by Optum Healthcare, a UnitedHealth Group company, since 2013, this two-story building sits on a 0.91-acre lot with ample on-site parking. Built in 1993, the property boasts a strong net operating income (NOI) of $215,000. Its multi-tenant structure features synergistic healthcare tenants, benefiting from its location near Interstate 91, providing easy access to Downtown Hartford (12-minute commute). The surrounding area is rich with amenities, including major retailers like Target, Walmart, and Sam's Club, within a 3-mile radius, along with numerous restaurants and coffee shops. The property is situated in an affluent community with an average household income exceeding $125,000 within a 2-mile radius, with 67% owner-occupied homes and a median age of 43-44. This low-maintenance asset presents a compelling investment opportunity with potential for long-term growth through consistent rent escalations.

• CAP approach

  CAP return

  Valuation

  6%

  $2,916,419

  6.5%

  $2,692,079

  7%

  $2,499,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,951,158

  Geo Method

  $3,951,158

• Alternative Use

  Use

  Valuation

  Residential

  $2,270,869

  Hospitality

  $2,080,104

  Educational

  $1,730,622

  Medical

  $1,790,141

  Retail

  $2,692,079

Location Insight

City

Rocky Hill

County

Hartford

State

Connecticut

Latitude

41.6555

Longitude

-72.6789

CBSA code

25540

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].