Remodeled Retail
For Sale
Contact for pricing
1123 New Britain Ave, West Hartford, CT 06110
Updated shared areas and convenient access to interstate highways support a range of retail operations.
Property Size5,300 SF
Price / SF$0.21
Days on Market12
Property Features for 1123 New Britain Ave
General Information
Standard status
Active
Size
5,300 SF
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Amenities
free parking
newly remodeled common areas
new vinyl flooring and LED lighting
Building Details
Year Built
1940
Listing Agency:
Derek Greene
Listed By:
Derek Greene (888) 278-5840 (888) 278-5840 · License #MA9503235-RE-B
(860) 560-1006
Source:
Fairfieldcounty-properties
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 21 at 2:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Derek Greene
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Investment Insights
Based on property information with market context.
This 5,300-square-foot retail space at Elmwood Center features newly remodeled common areas, vinyl flooring, and LED lighting. The property was built in 1940.
The center offers free parking and access to interstate highways. Traffic counts are 25,000 vehicles per day.
The center offers free parking and access to interstate highways. Traffic counts are 25,000 vehicles per day.
Key Highlights
- 5,300 square feet of retail space
- New vinyl flooring and LED lighting
- Remodeled common areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,902
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,040
$1.2M
Cap Rate 7%
$855,743
$855.7K
Cap Rate 9%
$665,578
$665.6K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$95.4K $18.00/SF
− Vacancy
−$9.8K −$1.85/SF
EGI
$85.6K $16.15/SF
− OpEx
−$25.7K −$4.84/SF
NOI
$59.9K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,198,040
Cap Rate 7%
$855,743
Cap Rate 9%
$665,578
Alternative Uses
Best Use
Retail
$855.7K
$748.8K – $998.4K
NOI $59,902 @ 7.0% cap · market cap 5,324.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,585 @ 7.0% cap · market cap 9,829.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 40%
Dining 3%
Home Improvements & Furnishings 2%
Stop & Shop
Groceries
27,030 visits/mo
0.4 miles
Dollar Tree
Shops & Services
15,231 visits/mo
0.1 miles
Dollar Tree
Shops & Services
11,228 visits/mo
0.5 miles
Webster Bank
Shops & Services
5,485 visits/mo
0.1 miles
Citgo
Shops & Services
3,568 visits/mo
0.4 miles
Demographics for 06110, CT
13,004
Population
5,540
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
3,941
Density / Sq Mi
$81,972
Median Household Income
$51,576
Median Earnings
$1,542
Median Rent
$269,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Updated shared areas and convenient access to interstate highways support a range of retail operations.
Where is this retail space located?
The property is located at 1123 New Britain Ave West Hartford, CT.
What are key features of this property?
This property features: 5,300 square feet of retail space; New vinyl flooring and LED lighting; Remodeled common areas
