Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    190 Wethersfield Ave Hartford, CT 06114

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Spacious, renovated Victorian office building in Hartford's Southend.

    Property size:
    5,748 SF
    Lot size:
    0.28 Acres

    Property Features for 190 Wethersfield Ave

    General Information

    Size
    5,748 SF
    Lot size
    0.28 Acres

    We can help!

    Listing Contact
    Ed Williams
    Source: Moodyscre

    Listing Agent: Ed Williams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Victorian Office Building

    This renovated Victorian office building is located in Hartford's Southend. The property features hardwood floors. The building is suitable for multiple businesses or an expanding business. It is located near downtown Hartford, shops, restaurants, XL Center, Bushnell Theater, and Brainard Airport, with easy access to I-84 and I-91. The location is suitable for law offices, accounting or tax services, real estate firms, non-profit organizations, start-up businesses, photography studios, dance studios, and large conference rooms and common areas. The building offers 5748 square feet of space and allows for occupying professional office space on one of three floors and leasing the remaining space.
    Location Intelligence

    Current Use by Public Records

    Hartford Food System ... Non-Profit Organization Bike Walk Ct Non-Profit Organization

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6736428
    Latitude
    41.7506786

    Nearby Similar for Sale

    • $495,000
      3,982 SF

      Hartford Three-Family Residence with Garages

      Semi-renovated three-family home with income potential and garage units.
      96 Sargeant St, Hartford, CT 06154
      View Details
    • $499,999
      6,377 SF

      Parkville Commercial Property with Income

      Prime commercial property with retail space and residential income units.
      1851 Park St, Hartford, CT 06106
      View Details
    • $330,000
      Pending

      Two-Family Home in Hartford

      Well-maintained two-family home with modern construction and income potential.
      147 Enfield St, Hartford, CT 06112
      View Details
    • $5,799,000
      58,400 SF

      East Hartford Industrial Property Available

      Centrally located industrial property with flexible loading and heavy power.
      241 Park Ave, East Hartford, CT 06108
      View Details
    • $220,000
      Pending

      East Hartford Two-Family Home

      Two-family home in East Hartford near highways and shopping.
      37 Graham Rd, East Hartford, CT 06118
      View Details
    • $399,900
      Pending

      Hartford Three-Family Brick Building

      Well-maintained three-family property with a strong unit mix.
      15 Townley St, Hartford, CT 06105
      View Details
    • New
      $690,900
      Pending

      Updated Four-Unit Multifamily Property

      Recently updated four-unit property near Hartford Hospital and Trinity College.
      65 Madison St, Hartford, CT 06106
      View Details
    • $399,900
      2,859 SF

      East Hartford Two-Family Home

      Two-family home with attic and finished basement in East Hartford.
      816 Burnside Ave, East Hartford, CT 06108
      View Details
    • New
      $649,900
      6,268 SF

      Hartford Four-Unit Townhouse Style Multifamily

      Four townhouse-style units, potential to convert back to eight units.
      71 Williams St, Hartford, CT 06120
      View Details
    • $399,900
      6,000 SF

      Hartford Grocery Store Business Opportunity

      Operating grocery/convenience store in downtown Hartford with high foot traffic.
      302 Farmington Ave, Hartford, CT 06105
      View Details
    • $770,000
      5,381 SF

      Mixed-Use Investment Opportunity, Hartford

      Two buildings, six units, commercial and residential income potential.
      763 Park St, Hartford, CT 06106
      View Details
    • $395,000
      2,862 SF

      East Hartford Three-Family Investment Property

      Three-family property in East Hartford, Connecticut, suitable for investment.
      88 Governor St, East Hartford, CT 06108
      View Details

    FAQs

    What type of property is this?
    Office building - Spacious, renovated Victorian office building in Hartford's Southend.
    Where is this office building located?
    The property is located at 190 Wethersfield Ave Hartford, CT.
    What are key features of this property?
    This property features: - Renovated Victorian office building in Hartford's Southend, suitable for multiple businesses or an expanding business.; - Opportunity to occupy professional office space and lease remaining space.; - Gleaming hardwood floors.
    (860) 648-5600
    Request Owner's contact information
    190 Wethersfield Ave Hartford, CT 06114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    190 Wethersfield Ave
    Hartford, CT 06114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    190 Wethersfield Ave Hartford, CT 06114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ed Williams
    (860) 648-5600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.