Automotive Garage Rental
For Sale
$1,199,900
200 200 Main Street, East Hartford, CT 06118
Freestanding 6-bay automotive facility with office and customer reception on a well-traveled commercial corridor.
Property Size6,172 SF
Lot Size0.93 Acres
Price / SF$194.41
Days on Market96
Property Features for 200 200 Main Street
General Information
Standard status
Active
Size
6,172 SF
Lot size
0.93 Acres
Property subtype
Other
Zoning
B-2
Additional Details
Service Bays
6
Amenities
3
Building Details
Year Built
1935
Listing Agency:
Berkshire Hathaway NE Prop.
(860) 515-3100
Listed By:
Robert Rosa · License #REB.0757284
(860) 558-2122
Source:
Xome
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 5 at 5:01AM
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 Berkshire Hathaway NE Prop.
Investment Insights
Based on property information with market context.
Freestanding automotive and/or bay/garage rental commercial property featuring a six-bay garage plus an additional auto body shop area. The building includes a customer reception area and a private office for day-to-day operations and client meetings. Designed to support automotive-related activities, the layout offers flexibility to accommodate repair, collision, detailing, fleet service, vehicle sales, or related business uses, subject to town approval.
Located at 200 Main Street in East Hartford on approximately 0.93 acres along a well-traveled commercial corridor. The property is described as having convenient access and plenty of parking for customers, employees, and vehicle storage.
The property is identified as zoned B-2 and is described as having an established automotive-use history, supported by its purpose-built configuration and visible curb presence for automotive operations.
Located at 200 Main Street in East Hartford on approximately 0.93 acres along a well-traveled commercial corridor. The property is described as having convenient access and plenty of parking for customers, employees, and vehicle storage.
The property is identified as zoned B-2 and is described as having an established automotive-use history, supported by its purpose-built configuration and visible curb presence for automotive operations.
Key Highlights
- Freestanding 6,172+/- SF automotive facility built in 1935 on approximately 0.93 acres along a well‑traveled commercial corridor
- Includes a six‑bay garage plus an additional auto body shop area for repair, collision, detailing, fleet service, vehicle sales, or related uses (subject to town approval)
- B‑2 zoning with established automotive‑use history
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
$69,757
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
5.81%
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%
$1,395,140
$1.4M
Cap Rate 7%
$996,529
$996.5K
Cap Rate 9%
$775,078
$775.1K
Market Conditions
NOI Build-Up for 6,172 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
$111.1K $18.00/SF
− Vacancy
−$11.4K −$1.85/SF
EGI
$99.7K $16.15/SF
− OpEx
−$29.9K −$4.84/SF
NOI
$69.8K $11.30/SF
Area
Hartford, CT
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,395,140
Cap Rate 7%
$996,529
Cap Rate 9%
$775,078
Alternative Uses
Best Use
Retail
$996.5K
$872.0K – $1.16M
NOI $69,757 @ 7.0% cap · market cap 5.81%
Second Best
Industrial
$993.9K
$869.6K – $1.16M
NOI $69,571 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,779 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Home Improvements & Furnishings 5%
Ocean State Job Lot
Shops & Services
20,400 visits/mo
0.5 miles
Bank of America
Shops & Services
4,870 visits/mo
0.5 miles
Shop-Rite Hardware & Paint Supply
Home Improvements & Furnishings
1,436 visits/mo
0.5 miles
Demographics for 06118, CT
26,844
Population
11,656
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,712
Density / Sq Mi
$75,523
Median Household Income
$40,595
Median Earnings
$1,259
Median Rent
$213,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding 6-bay automotive facility with office and customer reception on a well-traveled commercial corridor.
Where is this auto shop located?
The property is located at 200 200 Main Street East Hartford, CT.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Freestanding 6,172+/- SF automotive facility built in 1935 on approximately 0.93 acres along a well‑traveled commercial corridor; Includes a six‑bay garage plus an additional auto body shop area for repair, collision, detailing, fleet service, vehicle sales, or related uses (subject to town approval); B‑2 zoning with established automotive‑use history
