Mixed-Use Property with
For Sale
$1,125,000
202 Park, West Hartford, CT 06119
Two commercial suites are leased through 2029/2030, alongside two residential apartments.
Property Size4,474 SF
Price / SF$251.45
Days on Market9
Property Features for 202 Park
General Information
Standard status
Active
Size
4,474 SF
Property subtype
4 Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
central AC
designated tenant parking
Building Details
Year Built
1911
Year Renovated
2020
Listing Agency:
Century 21 AllPoints Realty
(860) 263-2121
Listed By:
Maddy Ceruti · License #RES.0813001
(860) 559-0978
Source:
Lockandkeyre
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 12 at 7:57PM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
Renovated in 2020, this mixed-use property in West Hartford combines two commercial spaces with two residential apartments. Each apartment has two bedrooms and one bathroom, an open floor plan, modern finishes, in-unit laundry, and central AC. One apartment is vacant; the other is occupied. The commercial spaces are leased through 2029/2030.
Tenant-paid utilities and designated tenant parking are provided. Commercial tenants also cover 50% of the property taxes.
Tenant-paid utilities and designated tenant parking are provided. Commercial tenants also cover 50% of the property taxes.
Key Highlights
- Renovated in 2020
- Two commercial spaces leased through 2029/2030
- Two residential units, each with 2BR/1BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,360
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,200
$1.2M
Cap Rate 7%
$862,286
$862.3K
Cap Rate 9%
$670,667
$670.7K
Market Conditions
NOI Build-Up for 4,474 SF
Gross rent
$116.5K $26.04/SF
− Vacancy
−$6.8K −$1.51/SF
EGI
$109.7K $24.53/SF
− OpEx
−$49.4K −$11.04/SF
NOI
$60.4K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,200
Cap Rate 7%
$862,286
Cap Rate 9%
$670,667
Alternative Uses
Best Use
Apartment 5plus
$862.3K
$754.5K – $1.01M
NOI $60,360 @ 7.0% cap · market cap 5.37%
Second Best
Mixed Use
$814.9K
$713.1K – $950.7K
NOI $57,044 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,350 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,969
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 48%
Electronics 2%
Home Improvements & Furnishings 1%
McDonald's
Dining
31,324 visits/mo
0.1 miles
State Employees Credit Union
Shops & Services
18,403 visits/mo
0.2 miles
Dunkin' Donuts
Dining
17,699 visits/mo
0.3 miles
Mobil
Shops & Services
11,715 visits/mo
0.2 miles
Bank of America
Shops & Services
8,825 visits/mo
0.2 miles
Demographics for 06119, CT
14,843
Population
7,206
Households
2.1
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
7,068
Density / Sq Mi
$105,522
Median Household Income
$63,122
Median Earnings
$1,646
Median Rent
$361,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial suites are leased through 2029/2030, alongside two residential apartments.
Where is this mixed-use property located?
The property is located at 202 Park West Hartford, CT.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Renovated in 2020; Two commercial spaces leased through 2029/2030; Two residential units, each with 2BR/1BA
