Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    127 Hollywood Ave West Hartford, CT 06110

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $354,900

    Specialty property available for sale in West Hartford, CT.

    Lot size:
    0.13 Acres

    Property Features for 127 Hollywood Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1943

    We can help!

    Listing Contact
    Michael H. Truong
    Source: Elliman

    Listing Agent: Michael H. Truong

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

    Learn more

    Overview

    West Hartford Specialty Property

    A specialty property is available for sale. The list price is $354,900.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7150035
    Latitude
    41.726914

    Nearby Similar for Sale

    • $15,000,000
      30,324 SF

      Prime West Hartford Commercial Property

      Well-maintained commercial property in a vibrant, high-traffic West Hartford location.
      994-1000 Farmington Ave, West Hartford, CT 06107
      View Details
    • $199,000

      Established Nail Salon Business Opportunity

      Thriving nail salon business for sale in West Hartford.
      74 Park Rd, West Hartford, CT 06105
      View Details
    • $9,000,000
      12,060 SF

      West Hartford Retail Building For Sale

      High-end retail building 100% leased to three restaurant tenants.
      960-966 Farmington Ave, West Hartford, CT 06107
      View Details
    • $689,000

      West Hartford Two-Family Home

      Well-maintained duplex near Blue Back Square and West Hartford Center.
      105 Ardmore Rd, West Hartford, CT 06119
      View Details
    • $514,900

      West Hartford Two-Family Home

      Well-maintained two-family home in a desirable West Hartford location.
      121 Cambridge St, West Hartford, CT 06110
      View Details
    • $1,985,000
      11,345 SF

      West Hartford Tenanted Office Building

      Fully tenanted office building near West Hartford Center.
      1216 Farmington Ave, West Hartford, CT 06107
      View Details
    • $985,000
      10,084 SF

      Industrial Building Near I-84

      10,084 SF industrial building with warehouse and office space.
      453 New Park Ave, West Hartford, CT 06106
      View Details
    • $550,000
      2,836 SF

      West Hartford Mixed-Use Property

      Mixed-use property with retail/office space and residential units.
      937 New Britain Ave, West Hartford, CT 06110
      View Details
    • $395,500

      West Hartford Duplex Opportunity

      Two-family duplex near highways, shopping, and public transportation.
      99 Caya Ave, West Hartford, CT 06110
      View Details
    • $1,295,000

      West Hartford Multifamily Investment Opportunity

      Multifamily property for sale in West Hartford, Connecticut.
      1145 New Britain Ave, West Hartford, CT 06110
      View Details
    • $665,000

      Retail Property on Main Street

      Retail property for sale on Main Street in West Hartford.
      132 N Main St, West Hartford, CT 06107
      View Details
    • $389,000

      West Hartford Specialty Property

      Specialty property for sale in West Hartford, Connecticut.
      107 Westgate St, West Hartford, CT 06110
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale in West Hartford, CT.
    Where is this specialty property located?
    The property is located at 127 Hollywood Ave West Hartford, CT.
    What is the asking price?
    The asking price for this property is $354,900.
    What are key features of this property?
    This property features: - Year Built: 1943
    (866) 828-3951
    Request Owner's contact information
    127 Hollywood Ave West Hartford, CT 06110
    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.
    127 Hollywood Ave
    West Hartford, CT 06110
    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
    127 Hollywood Ave West Hartford, CT 06110
    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
    Michael H. Truong
    (866) 828-3951
    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.