Three-Bay Auto
For Sale
$629,900
1511 Albany Ave, Hartford, CT 06112
Corner-site facility with lift equipment, customer waiting space, private office, bathroom, and parking on both sides.
Property Size1,680 SF
Price / SF$374.94
Days on Market84
Property Features for 1511 Albany Ave
General Information
Standard status
Active
Size
1,680 SF
Additional Details
Road Access
Yes
Service Bays
3
Amenities
lift equipment
waiting area
bathroom
private office
Building Details
Year Built
1957
Listing Agency:
SalCal Real Estate Connections
Listed By:
Joseph Aiello
(860) 828-1783
Source:
Homesbyshoshana
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 7 at 4:16PM
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 SalCal Real Estate Connections
Investment Insights
Based on property information with market context.
This automotive facility is configured for repair operations and includes 3 large service bays with lift equipment. The interior also provides a customer waiting area, bathroom, and private office, supporting both service and administrative functions. Parking is available in the front and rear lots.
Positioned on a corner at a traffic intersection, the property is designed for exposure to passing motorists. Its MS-2 zoning and existing automotive layout support consideration for automotive repair and/or used car sales. Built in 1957, the property is located at 1511 Albany Avenue in Hartford, Connecticut 06112.
Positioned on a corner at a traffic intersection, the property is designed for exposure to passing motorists. Its MS-2 zoning and existing automotive layout support consideration for automotive repair and/or used car sales. Built in 1957, the property is located at 1511 Albany Avenue in Hartford, Connecticut 06112.
Key Highlights
- 3 large service bays with lift equipment
- Corner lot at a traffic intersection
- Front and rear parking areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,937
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,740
$378.7K
Cap Rate 7%
$270,529
$270.5K
Cap Rate 9%
$210,411
$210.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$28.6K $17.04/SF
− Vacancy
−$1.6K −$0.94/SF
EGI
$27.1K $16.10/SF
− OpEx
−$8.1K −$4.83/SF
NOI
$18.9K $11.27/SF
Area
Hartford, CT
Vacancy
5.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,740
Cap Rate 7%
$270,529
Cap Rate 9%
$210,411
Alternative Uses
Best Use
Retail
$271.3K
$237.4K – $316.5K
NOI $18,988 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$270.5K
$236.7K – $315.6K
NOI $18,937 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$500.8K
$438.2K – $584.2K
NOI $35,053 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 39%
Groceries 10%
McDonald's
Dining
26,555 visits/mo
0.3 miles
Exxon
Shops & Services
8,015 visits/mo
0.5 miles
Gulf Oil
Shops & Services
7,746 visits/mo
0.0 miles
Bravo Supermarkets
Groceries
6,631 visits/mo
0.3 miles
Golden Krust Caribbean Bakery and Grill
Dining
5,857 visits/mo
0.4 miles
Demographics for 06112, CT
23,189
Population
8,785
Households
2.6
Avg Household Size
32
Median Age
10%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
7,730
Density / Sq Mi
$47,010
Median Household Income
$29,383
Median Earnings
$1,229
Median Rent
$203,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Hartford, CT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Goat Tints — 286 Homestead Ave, Hartford, CT 06106
- Discount Home Repairs — 40 Oakland Terrace, Hartford, CT 06112, United States
- Alfredson Proficient Towing Corp. — 885 Albany Ave, Hartford, CT 06112
- Infinitum Energy LLC — 165 Terry Rd, Hartford, CT 06105, United States
- Cecil Auto Electric — 1496 Albany Ave, Hartford, CT 06112
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-site facility with lift equipment, customer waiting space, private office, bathroom, and parking on both sides.
Where is this auto shop located?
The property is located at 1511 Albany Ave Hartford, CT.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: 3 large service bays with lift equipment; Corner lot at a traffic intersection; Front and rear parking areas
