Auto Repair Building with Dealer
New
For Sale
Contact for pricing
317-330 Main St, East Hartford, CT 06118
Established automotive property with a fenced surface lot, public utilities, and Business Zone B2 zoning.
Property Size2,000 SF
Lot Size0.83 Acres
Price / SF$267.50
Days on Market6
Property Features for 317-330 Main St
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.83 Acres
Property subtype
INDUSTRIAL
Zoning
Business Zone (B2)
Financials
Asking Price
$535,000
Business Included
Yes
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Building Details
Buildings
1
Listing Agency:
CBRE | Hartford
(860) 987-4730
Listed By:
Kyle Roberts · License #RES.0787102
Source:
Moodyscre
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 5:35AM
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 CBRE | Hartford
Investment Insights
Based on property information with market context.
This automotive property includes an auto repair building, a fenced lot with paved and graveled areas, and an active Dealer’s License included in the sale. The site has supported auto repair, used vehicle sales, and towing operations for decades.
The property is located on Main Street in East Hartford and is served by public utilities. Business Zone B2 zoning and the existing automotive-oriented improvements provide a documented framework for continued commercial use. Tow trucks are available separately from the sale.
The property is located on Main Street in East Hartford and is served by public utilities. Business Zone B2 zoning and the existing automotive-oriented improvements provide a documented framework for continued commercial use. Tow trucks are available separately from the sale.
Key Highlights
- Active Dealer’s License included in the sale
- Auto repair building with a fenced paved/graveled lot
- Business Zone (B2) zoning
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
$22,604
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
4.23%
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%
$452,080
$452.1K
Cap Rate 7%
$322,914
$322.9K
Cap Rate 9%
$251,156
$251.2K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$3.7K −$1.85/SF
EGI
$32.3K $16.15/SF
− OpEx
−$9.7K −$4.84/SF
NOI
$22.6K $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%
$452,080
Cap Rate 7%
$322,914
Cap Rate 9%
$251,156
Alternative Uses
Best Use
Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$322.1K
$281.8K – $375.7K
NOI $22,544 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$596.1K
$521.6K – $695.5K
NOI $41,730 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
5,284 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- West Hill AutomotiveTruck & Trailer Services Inc. — 120 Willard Ave, Newington, CT 06111
- Newington Junction Properties Inc — 120 Willard Ave, Newington, CT 06111
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive property with a fenced surface lot, public utilities, and Business Zone B2 zoning.
Where is this auto shop located?
The property is located at 317-330 Main St East Hartford, CT.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Active Dealer’s License included in the sale; Auto repair building with a fenced paved/graveled lot; Business Zone (B2) zoning
