Automotive Repair and Dealer
For Sale
$535,000
330 Main Street, East Hartford, CT 06118
Auto repair building and fenced lot in a Business Zone, including an active dealer’s license for qualifying operations.
Property Size2,042 SF
Lot Size0.83 Acres
Price / SF$261
Days on Market76
Property Features for 330 Main Street
General Information
Standard status
Active
Size
2,042 SF
Lot size
0.83 Acres
Property subtype
Industrial
Zoning
B2
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Listing Agency:
CBRE | Hartford
(860) 987-4730
Listed By:
Kyle Roberts · License #RES.0787102
(860) 987-4730
Source:
Cbre
Added: Jun 11
Changed: Aug 15
Last Checked: Aug 25 at 4:43AM
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 offering features a 2,042 SF auto repair building situated on a 0.34-acre fenced lot with paved/graveled surfaces. The site includes an active Dealer’s License, supporting automotive-oriented uses such as repairs and vehicle sales. The property has long operated as an auto repair, used car sales, and towing operation. Tow trucks are available for an additional cost.
The property is located at 330 Main Street in East Hartford, Connecticut, within a Business Zone (B2). All public utilities are available to the site, providing a straightforward foundation for continued operations.
For buyers seeking an automotive facility that can support both repair activity and vehicle sales, the combination of an operating auto repair building, fenced lot for vehicle storage or display, and an included active dealer’s license can help reduce transitional uncertainty. With public utilities already in place and the B2 zoning alignment, the property is positioned to serve qualified operators looking for a purpose-built automotive setting within a commercially oriented zoning designation.
The property is located at 330 Main Street in East Hartford, Connecticut, within a Business Zone (B2). All public utilities are available to the site, providing a straightforward foundation for continued operations.
For buyers seeking an automotive facility that can support both repair activity and vehicle sales, the combination of an operating auto repair building, fenced lot for vehicle storage or display, and an included active dealer’s license can help reduce transitional uncertainty. With public utilities already in place and the B2 zoning alignment, the property is positioned to serve qualified operators looking for a purpose-built automotive setting within a commercially oriented zoning designation.
Key Highlights
- 2,042 SF auto repair building on a 0.34‑acre fenced lot
- Business Zone (B2) zoning
- Active Dealer’s License included in the sale for qualifying operations
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
$23,079
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
4.31%
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%
$461,580
$461.6K
Cap Rate 7%
$329,700
$329.7K
Cap Rate 9%
$256,433
$256.4K
Market Conditions
NOI Build-Up for 2,042 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
$36.8K $18.00/SF
− Vacancy
−$3.8K −$1.85/SF
EGI
$33.0K $16.15/SF
− OpEx
−$9.9K −$4.84/SF
NOI
$23.1K $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%
$461,580
Cap Rate 7%
$329,700
Cap Rate 9%
$256,433
Alternative Uses
Best Use
Retail
$329.7K
$288.5K – $384.7K
NOI $23,079 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$328.8K
$287.7K – $383.6K
NOI $23,017 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,868
Businesses Nearby
69k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 26%
Hotels & Casinos 5%
Electronics 1%
McDonald's
Dining
31,324 visits/mo
0.5 miles
State Employees Credit Union
Shops & Services
18,403 visits/mo
0.2 miles
The Capital Grille
Dining
12,586 visits/mo
0.2 miles
Hartford Marriott Downtown
Hotels & Casinos
3,537 visits/mo
0.3 miles
Dunkin' Donuts
Dining
2,614 visits/mo
0.4 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 - Auto repair building and fenced lot in a Business Zone, including an active dealer’s license for qualifying operations.
Where is this auto shop located?
The property is located at 330 Main Street 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: 2,042 SF auto repair building on a 0.34‑acre fenced lot; Business Zone (B2) zoning; Active Dealer’s License included in the sale for qualifying operations
