Neighborhood Retail
New
For Sale
Contact for pricing
35 Elmer St, Hartford, CT 06120
The space has an established storefront layout and prior commercial use.
Property Size4,416 SF
Price / SF$0.45
Days on Market3
Property Features for 35 Elmer St
General Information
Standard status
Active
Size
4,416 SF
Building Details
Year Built
1850
Listing Agency:
Berkshire Hathaway NE Prop.
Listed By:
Shy Grahame (860) 617-1740 (860) 633-3674 · License #RES.0813469
(860) 617-1740
Source:
Rhodeislandhomesforsale
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:35AM
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 Berkshire Hathaway NE Prop.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,416-square-foot storefront at 35 Elmer St in Hartford has a history of commercial use, including operation as a market. The building dates to 1850.
The owner covers heat and hot water; the tenant is responsible for electricity. A range of neighborhood-serving retail and service uses may be considered, subject to owner approval and applicable City of Hartford requirements.
The owner covers heat and hot water; the tenant is responsible for electricity. A range of neighborhood-serving retail and service uses may be considered, subject to owner approval and applicable City of Hartford requirements.
Key Highlights
- 4,416 square feet of storefront space
- At 35 Elmer St, Hartford, CT 06120
- Previously operated as a market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,911
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,220
$998.2K
Cap Rate 7%
$713,014
$713.0K
Cap Rate 9%
$554,567
$554.6K
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$79.5K $18.00/SF
− Vacancy
−$8.2K −$1.85/SF
EGI
$71.3K $16.15/SF
− OpEx
−$21.4K −$4.84/SF
NOI
$49.9K $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 Rate 5%
$998,220
Cap Rate 7%
$713,014
Cap Rate 9%
$554,567
Alternative Uses
Best Use
Specialty Retail
$835.8K
$731.3K – $975.1K
NOI $58,503 @ 7.0% cap · market cap 2,925.15%
Second Best
Retail
$713.0K
$623.9K – $831.9K
NOI $49,911 @ 7.0% cap · market cap 2,495.55%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,140 @ 7.0% cap · market cap 4,607.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 76%
Shops & Services 23%
Electronics 1%
Restaurant Depot
Groceries
21,134 visits/mo
0.5 miles
Family Dollar
Shops & Services
8,842 visits/mo
0.2 miles
Save-A-Lot
Groceries
8,076 visits/mo
0.3 miles
T-Mobile
Electronics
541 visits/mo
0.3 miles
Demographics for 06120, CT
12,636
Population
5,713
Households
2.2
Avg Household Size
32
Median Age
9%
College-Educated
73%
High-School Grad
3.5 sq mi
ZIP Area
3,610
Density / Sq Mi
$33,521
Median Household Income
$35,570
Median Earnings
$1,183
Median Rent
$183,000
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 Hartford, CT
Frequently Asked Questions
What type of property is this?
Storefront property - The space has an established storefront layout and prior commercial use.
Where is this storefront property located?
The property is located at 35 Elmer St Hartford, CT.
What are key features of this property?
This property features: 4,416 square feet of storefront space; At 35 Elmer St, Hartford, CT 06120; Previously operated as a market
