Hartford Warehouse Space For
For Sale
Contact for pricing
317 W Service Rd, Hartford, CT
18,408 square foot warehouse available in Hartford, Connecticut.
Property Size18,408 SF
Lot Size2.12 Acres
Price / SF$433.18
Days on Market513
Property Features for 317 W Service Rd
General Information
Standard status
Active
Size
18,408 SF
Lot size
2.12 Acres
Property subtype
INDUSTRIAL
Listing Agency:
B+E
(917) 451-8294
Listed By:
Chris Guida · License #10491209253
(917) 451-8294
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Aug 13
Last Checked: Aug 20 at 12:07PM
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 B+E
Investment Insights
Based on property information with market context.
This industrial property offers 18,408 square feet of warehouse space and is located on W Service Rd in Hartford, Connecticut.
Key Highlights
- 18,408 square foot warehouse
- Located in Hartford, Connecticut
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$254,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,081,800
$5.1M
Cap Rate 7%
$3,629,857
$3.6M
Cap Rate 9%
$2,823,222
$2.8M
Market Conditions
NOI Build-Up for 18,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$313.7K $17.04/SF
− Vacancy
−$14.7K −$0.80/SF
EGI
$298.9K $16.24/SF
− OpEx
−$44.8K −$2.44/SF
NOI
$254.1K $13.80/SF
Area
Hartford, CT
Vacancy
4.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,081,800
Cap Rate 7%
$3,629,857
Cap Rate 9%
$2,823,222
Alternative Uses
Best Use
Warehouse
$3.63M
$3.18M – $4.23M
NOI $254,090 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$2.96M
$2.59M – $3.46M
NOI $207,494 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$5.49M
$4.80M – $6.40M
NOI $384,083 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Hartford, CT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 18,408 square foot warehouse available in Hartford, Connecticut.
Where is this industrial property located?
The property is located at 317 W Service Rd Hartford, CT.
What is the asking price?
The asking price for this property is $7,974,000.
What are key features of this property?
This property features: 18,408 square foot warehouse; Located in Hartford, Connecticut
