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

    1440 Albany Ave Hartford, CT 06112

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $900 /Mo

    Highly visible commercial space in an active Hartford corridor.

    Lot size:
    0.21 Acres

    Property Features for 1440 Albany Ave

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1926

    We can help!

    Listing Contact
    Zachary Burnett
    Source: Elliman

    Listing Agent: Zachary Burnett

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

    Learn more

    Overview

    Visible Storefront on Albany Avenue

    Located at 1440 Albany Avenue, this commercial space offers high visibility and accessibility in an active Hartford corridor. The storefront property features frontage on a busy main road, benefiting from consistent vehicle and pedestrian traffic. The flexible layout and large display windows make it suitable for retail, office, professional services, or boutique operations. The location benefits from strong community foot traffic, making it an option for both new and established businesses.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.700342
    Latitude
    41.783717

    Nearby Similar for Lease

    • $13 SF/Yr
      2,500 SF

      East Hartford Office Space Available

      Well-located 2,500 SF office suite with ample parking.
      1137 Main St, East Hartford, CT 06108
      View Details
    • $1,250 /Mo
      1,000 SF

      Remodeled Commercial Unit in Hartford

      Modern 1,000 sq ft commercial unit for lease.
      1594 Park St, Hartford, CT 06106
      View Details
    • $9 SF/Yr
      9,973 SF

      Retail Space on Busy Street

      Retail space available for lease on a busy street.
      760 Broad St, Hartford, CT 06106
      View Details
    • New
      $2,500 /Mo
      2,500 SF

      Newington Flex Space For Lease

      Versatile flex-use space with warehouse and office/retail areas.
      739 North Mountain Rd, Newington, CT 06117
      View Details
    • $2,150 /Mo
      1,427 SF

      Hartford Office Suites for Lease

      Versatile office suites in Hartford's South Meadows district, move-in ready.
      90 Brainard Rd, Hartford, CT 06114
      View Details
    • $7 SF/Yr
      45,000 SF

      Hartford Commercial Space For Lease

      Office and warehouse space with heavy power and ample parking.
      151 Walnut St, Hartford, CT 06120
      View Details
    • $875 /Mo
      584 SF

      Hartford Office Suites for Lease

      Versatile office suites in Hartford's South Meadows district.
      90 Brainard Rd, Hartford, CT 06114
      View Details
    • Contact for pricing
      118,955 SF

      Prime Retail Space in Hartford

      3,650 SF retail space in vibrant Front Street District.
      20 Front St, Hartford, CT 06103
      View Details
    • Contact for pricing
      18,000 SF

      Former CitySteam Brewery Space

      Prime commercial property in downtown Hartford with historic charm.
      942 Main St, Hartford, CT 06103
      View Details
    • Contact for pricing
      8,500 SF

      Hartford Retail and Restaurant Space

      Prime commercial space in downtown Hartford with high visibility.
      101 Pearl St, Hartford, CT 06103
      View Details
    • Contact for pricing
      4,200 SF

      Prime Hartford Commercial Space

      Exceptional retail/restaurant space in downtown Hartford with high visibility.
      111 Pearl St, Hartford, CT 06103
      View Details
    • Contact for pricing
      16,175 SF

      Prime Commercial Spaces for Lease

      Commercial spaces for retail, restaurant, lounge, or office use.
      20 Park St At Park, Hartford, CT 06106
      View Details

    FAQs

    What type of property is this?
    Storefront property - Highly visible commercial space in an active Hartford corridor.
    Where is this storefront property located?
    The property is located at 1440 Albany Ave Hartford, CT.
    What are key features of this property?
    This property features: - Highly visible location on Albany Avenue, a busy main road.; - Excellent frontage with large display windows.; - High vehicle and pedestrian traffic.
    (860) 638-9748
    Request Owner's contact information
    1440 Albany Ave Hartford, CT 06112
    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.
    1440 Albany Ave
    Hartford, CT 06112
    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
    1440 Albany Ave Hartford, CT 06112
    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
    Zachary Burnett
    (860) 638-9748
    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.