Building Details

Building Size 1,749 SF

Year Built 1931

Listing Agency: Five Stars Realty o***@5starsmail.com Show Phone

Listed By: Kervin Figaro · License #RES.0813048 Show Phone

Source: Cappellorealty

Added: Feb 12 Changed: Oct 22 Last Checked: Oct 22 at 2:21PM

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Investment Insights

Based on property information with market context.

This 1,749-square-foot property is configured for automotive repair and currently operates as a repair shop. The building dates to 1931 and includes on-site parking. MS-2 zoning is in place.

The property occupies a corner at Franklin Avenue and Brown Street in Hartford, Connecticut.

Key Highlights

• 1,749 square feet
• Currently operating as an automotive repair shop
• MS‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,768

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$395,360 $395.4K

Cap Rate 7%

$282,400 $282.4K

Cap Rate 9%

$219,644 $219.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,749 SF

Gross rent

$31.5K $18.00/SF

− Vacancy

−$3.2K −$1.85/SF

EGI

$28.2K $16.15/SF

− OpEx

−$8.5K −$4.84/SF

NOI

$19.8K $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%

$395,360

Cap Rate 7%

$282,400

Cap Rate 9%

$219,644

Alternative Uses

Best Use

Retail

$282.4K

$247.1K – $329.5K (±1% cap)

NOI $19,768 @ 7.0% cap · market cap 4.39%

Second Best

Industrial

$281.6K

$246.4K – $328.6K (±1% cap)

NOI $19,715 @ 7.0% cap · market cap 4.38%

Theoretical Best

Office A

$521.3K

$456.2K – $608.2K (±1% cap)

NOI $36,493 @ 7.0% cap · market cap 8.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

E J & H ... Electrical Service Danny's Auto World ... Car Dealership

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Acupuncture Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,139

Businesses Nearby

86k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 60% Dining 36% Electronics 2% Home Improvements & Furnishings 1%

Wendy's Dining

14,676 visits/mo 0.4 miles

Burger King Dining

12,283 visits/mo 0.3 miles

Family Dollar Shops & Services

10,435 visits/mo 0.2 miles

Sunoco Shops & Services

7,594 visits/mo 0.1 miles

Dollar General Shops & Services

6,698 visits/mo 0.2 miles

Demographics for 06114, CT

26,257

Population

11,206

Households

2.3

Avg Household Size

34

Median Age

15%

College-Educated

71%

High-School Grad

4.0 sq mi

ZIP Area

6,564

Density / Sq Mi

$47,905

Median Household Income

$31,996

Median Earnings

$1,296

Median Rent

$228,300

Median Home Value

Market

Vacancy Rate% for Retail in Hartford, CT

7.8% 2020

7.1% 2021

6.4% 2022

6.8% 2023

7.1% 2024

7.1% 2025

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Similar Off Market Nearby

• Reno's Auto Body & Repair Inc — 99 Hanmer St, Hartford, CT 06114
• Pope Park Automotive Llc — 99 Hanmer St F, Hartford, CT 06114
• Mecca Auto Sales And Repairs — 585 Franklin Ave, Hartford, CT 06114
• Cadasse Auto Tinting LLC — 54 Bolton St, Hartford, CT 06114
• Pierce Buick — 599 Franklin Ave, Hartford, CT 06114

Frequently Asked Questions

What type of property is this?

Auto shop - MS-2 zoning and on-site parking support the property’s current automotive service use.

Where is this auto shop located?

The property is located at 446 Franklin Avenue Hartford, CT.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: 1,749 square feet; Currently operating as an automotive repair shop; MS‑2 zoning