Retail-Office Building with Loading
For Sale
$1,375,000
1209 Main Street, East Hartford, CT 06108
Multi-use commercial building with exterior loading dock, 136 feet of Main Street frontage, and ample on-site parking.
Property Size5,512 SF
Lot Size1.08 Acres
Price / SF$249.46
Days on Market53
Property Features for 1209 Main Street
General Information
Standard status
Active
Size
5,512 SF
Total Parking Spaces
75
Lot size
1.08 Acres
Property subtype
Other
Zoning
B-5
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
Building Details
Year Built
1969
Listing Agency:
(201) 220-9896
Listed By:
Sam Galatas
(201) 220-9896
Source:
Xome
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 5:11AM
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 Sam Galatas
Investment Insights
Based on property information with market context.
This versatile commercial building is positioned to support a range of uses, including retail, office, medical, and service-oriented businesses. The property includes approximately 5,512 square feet of above-grade space plus an additional 5,512 square feet of basement space for operations and support needs. An exterior loading dock and on-site parking are also included.
Located in the B-5 Central Business District, the building sits on a 1.08-acre parcel with 136 feet of frontage along Main Street. The property benefits from convenient access to Interstate 84 and Interstate 91, as well as downtown Hartford and major commuter routes.
With approximately 75 on-site parking spaces and substantial above-grade and basement area, the building offers flexibility for day-to-day business operations and storage requirements.
Located in the B-5 Central Business District, the building sits on a 1.08-acre parcel with 136 feet of frontage along Main Street. The property benefits from convenient access to Interstate 84 and Interstate 91, as well as downtown Hartford and major commuter routes.
With approximately 75 on-site parking spaces and substantial above-grade and basement area, the building offers flexibility for day-to-day business operations and storage requirements.
Key Highlights
- Multi‑use commercial building in the B‑5 Central Business District, supporting retail, office, medical, and service‑oriented uses
- Approximately 5,512 SF above‑grade plus an additional 5,512 SF basement space for operations, storage, inventory, and support
- Exterior loading dock and 75 on‑site parking spaces
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
$89,294
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
6.49%
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%
$1,785,880
$1.8M
Cap Rate 7%
$1,275,629
$1.3M
Cap Rate 9%
$992,156
$992.2K
Market Conditions
NOI Build-Up for 5,512 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
$165.4K $30.00/SF
− Vacancy
−$16.5K −$3.00/SF
EGI
$148.8K $27.00/SF
− OpEx
−$59.5K −$10.80/SF
NOI
$89.3K $16.20/SF
Area
Hartford, CT
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,785,880
Cap Rate 7%
$1,275,629
Cap Rate 9%
$992,156
Alternative Uses
Best Use
Healthcare Medical
$1.28M
$1.12M – $1.49M
NOI $89,294 @ 7.0% cap · market cap 6.49%
Second Best
Office B
$1.22M
$1.07M – $1.42M
NOI $85,499 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,008 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-use commercial building with exterior loading dock, 136 feet of Main Street frontage, and ample on-site parking.
Where is this office building located?
The property is located at 1209 Main Street East Hartford, CT.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Multi‑use commercial building in the B‑5 Central Business District, supporting retail, office, medical, and service‑oriented uses; Approximately 5,512 SF above‑grade plus an additional 5,512 SF basement space for operations, storage, inventory, and support; Exterior loading dock and 75 on‑site parking spaces
