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    12 Seminario North Granby 06060

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    Claim this Listing
    For Lease
    $790,000

    Colonial, Commercial Lease - Centro

    Type:Business
    Property size:
    15,597 SF
    Added:
    Jun 26, 2025
    Days on Market:
    298
    Last Refresh:
    Apr 19 at 7:06 am

    Property Features for 12 Seminario

    General Information

    Property type
    Commercial Lease
    Property subtype
    Business
    Bedrooms
    5
    Bathrooms
    10
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Exterior features
    Balcony
    Standard status
    Active
    Size
    15,597 SF

    Building Details

    Architectural style
    Colonial

    We can help!

    Listing Contact
    Feliza Ortiz

    Listing agent Feliza Ortiz

    Listing office Engel & Völkers Mexico City Goldsmith 60, Polanco

    Listing date Jun 26, 2025

    MLS# AM-5079004 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Commercial Space in Centro

    Located in the heart of Mexico City, Seminario 12 is a historic mansion situated in the Plaza de la Constitución, built upon the legacy of the Templo de Tezcatlipoca. The property is near the Templo Mayor, Catedral Metropolitana, and the National Palace. Built in the early 17th century, the property has served as a residence, seminary, school, neighborhood, and commercial center. The architecture, representative of the New Spanish style, has been restored, preserving 95% of its original essence. Renovated in 2019, the property has been updated with materials and design, respecting the guidelines of the INAH. The property offers a variety of land uses that invite exploration of new possibilities, whether as a family residence, foundation headquarters, lodging for travelers, or a space for renowned national and international chefs. The property includes a roof garden with views of the Cathedral and the national flag. A window on the first floor frames the Cathedral. The property offers commercial opportunities. The property has 15597 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    North Granby
    County
    Hartford
    State
    Longitude
    -72.8462
    Latitude
    42.0124

    FAQs

    What type of property is this?
    Storefront property - Unique commercial space in historic building, Mexico City's heart.
    Where is this storefront property located?
    The property is located at 12 Seminario North Granby.
    What is the lease rate?
    The lease rate is $790,000.
    What are key features of this property?
    This property features: Historic 17th‑century mansion in Plaza de la Constitución, Mexico City.; Meticulously restored New Spanish architecture, preserving 95% of original essence.; Versatile property suitable for residential or commercial use (residence, foundation, lodging, restaurant).
    +525551626808
    We can help!
    Listing Contact
    Feliza Ortiz
    Learn More
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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.

    More about this property
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