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
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Applegate Ln, Unit 31 Hartford, CT 06109

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $665,000

    Specialty property available for purchase in Canton, Connecticut.

    Lot size:
    0.05 Acres

    Property Features for 31 Applegate Ln

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Penny Gitberg
    Source: Elliman

    Listing Agent: Penny Gitberg

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

    Learn more

    Overview

    Canton Specialty Property For Sale

    A specialty property is available for sale in Canton, Connecticut. The list price is $665,000.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -72.6100412
    Latitude
    41.765034

    Nearby Similar for Sale

    • $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
    • $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
    • $495,000
      3,982 SF

      Hartford Three-Family Residence with Garages

      Semi-renovated three-family home with garages and investment potential.
      96 Sargeant St, Hartford, CT 06154
      View Details
    • Contact for pricing
      86,000 SF

      Iconic Industrial Building

      Well-maintained 86,000 SF industrial building with versatile layout.
      830 Windsor St, Hartford, CT 06120
      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
    • New
      $550,000
      3,336 SF

      Renovated Two-Family Home with Income

      Spacious, renovated two-family home with income potential in Wethersfield, CT.
      219 Jordan Ln, Wethersfield, CT 06109
      View Details
    • $459,900
      6,006 SF

      Spacious Two-Family Home Opportunity

      Two-family home with over 6,000 sq ft of living space.
      35 Burton St, Hartford, CT 06112
      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
    • $1,700,000
      25,298 SF

      Hartford Commercial Office Building For Sale

      Turnkey commercial office building in Hartford's West End, fully leased.
      631 Farmington Ave, Hartford, CT 06105
      View Details
    • $13,300,000
      140,000 SF

      East Hartford Industrial Facility For Sale

      140,000 SF industrial facility in Central Connecticut.
      411 Burnham St, East Hartford, CT 06108
      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
    • $279,900
      2,056 SF

      Established Brazilian Grill Restaurant Opportunity

      Turnkey Brazilian grill restaurant with 20+ years of successful operation.
      1996 Park St, Hartford, CT 06106
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for purchase in Canton, Connecticut.
    Where is this specialty property located?
    The property is located at 31 Applegate Ln, Unit 31 Hartford, CT.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: - Year Built: **2025 (New Construction)**; - Price: $11
    (860) 803-4254
    Request Owner's contact information
    31 Applegate Ln, Unit 31 Hartford, CT 06109
    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.
    31 Applegate Ln, Unit 31
    Hartford, CT 06109
    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
    31 Applegate Ln, Unit 31 Hartford, CT 06109
    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
    Penny Gitberg
    (860) 803-4254
    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.