Restaurant Property for
For Sale
$175,000
285 285 Main Street, Wethersfield, CT 06107
For sale restaurant property in Hartford County, offered with GPS-friendly directions for straightforward site access.
Property Size825 SF
Price / SF$212.12
Days on Market235
Property Features for 285 285 Main Street
General Information
Standard status
Active
Size
825 SF
Property subtype
Business Opportunities
Amenities
3
Building Details
Year Built
2018
Listing Agency:
Coldwell Banker Realty
(860) 668-4589
Listed By:
Vito Cortese
(860) 874-3824
Source:
Xome
Added: Jan 18
Changed: Sep 9
Last Checked: Sep 9 at 6:57AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This for-sale restaurant property is positioned for foodservice use, aligning with conventional restaurant requirements. The offering is categorized under commercial real estate and restaurant uses, making it suitable for an operator or buyer looking to acquire a dedicated restaurant asset.
The property is listed at 285 Main Street in Wethersfield, Connecticut, within Hartford County. Directions are noted as GPS-friendly, which can simplify navigation for brokers, prospects, and visitors when scheduling showings.
Because the available information is limited to use type and location, potential buyers and tenants should evaluate the on-site buildout, finishes, and functional requirements during due diligence. Restaurant operators can use this listing as a starting point for assessing whether the existing space supports their service model and operational needs, including seating, kitchen workflow, and any required site and utility considerations. Confirm all details directly with the seller or through the showing process to ensure the property fits the intended concept and tenant requirements.
The property is listed at 285 Main Street in Wethersfield, Connecticut, within Hartford County. Directions are noted as GPS-friendly, which can simplify navigation for brokers, prospects, and visitors when scheduling showings.
Because the available information is limited to use type and location, potential buyers and tenants should evaluate the on-site buildout, finishes, and functional requirements during due diligence. Restaurant operators can use this listing as a starting point for assessing whether the existing space supports their service model and operational needs, including seating, kitchen workflow, and any required site and utility considerations. Confirm all details directly with the seller or through the showing process to ensure the property fits the intended concept and tenant requirements.
Key Highlights
- Restaurant property in Hartford County
- Built in 2018
- Ductless cooling
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
$10,930
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
6.25%
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%
$218,600
$218.6K
Cap Rate 7%
$156,143
$156.1K
Cap Rate 9%
$121,444
$121.4K
Market Conditions
NOI Build-Up for 825 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
$15.8K $19.20/SF
− Vacancy
−$1.3K −$1.54/SF
EGI
$14.6K $17.66/SF
− OpEx
−$3.6K −$4.42/SF
NOI
$10.9K $13.25/SF
Area
Hartford, CT
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$218,600
Cap Rate 7%
$156,143
Cap Rate 9%
$121,444
Alternative Uses
Best Use
Specialty Retail
$156.1K
$136.6K – $182.2K
NOI $10,930 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.9K
$215.2K – $286.9K
NOI $17,214 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 31%
Shops & Services 30%
Dining 29%
Office Supplies 10%
Marshalls
Apparel
48,625 visits/mo
0.1 miles
Shell
Shops & Services
17,318 visits/mo
0.3 miles
Staples
Office Supplies
16,191 visits/mo
0.3 miles
Panera Bread
Dining
15,865 visits/mo
0.3 miles
Mobil
Shops & Services
13,516 visits/mo
0.3 miles
Demographics for 06107, CT
19,221
Population
8,305
Households
2.3
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
2,869
Density / Sq Mi
$167,659
Median Household Income
$82,525
Median Earnings
$1,839
Median Rent
$455,700
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 Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant property in Hartford County, offered with GPS-friendly directions for straightforward site access.
Where is this conventional restaurant located?
The property is located at 285 285 Main Street Wethersfield, CT.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Restaurant property in Hartford County; Built in 2018; Ductless cooling
