Corner Conventional
New
For Sale
$825,000
530 Farmington Ave, Hartford, CT 06105
Established restaurant tenancy with triple-net lease structure and dedicated parking.
Property Size3,072 SF
Lot Size0.32 Acres
Days on Market2
Property Features for 530 Farmington Ave
General Information
Standard status
Active
Size
3,072 SF
Lot size
0.32 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
3,072 SF
Year Built
1925
Listing Agency:
AllPoints Realty Inc
Listed By:
Darrell Sullivan
(860) 621-8378
Source:
Elliman
Added: Sep 15
Last Checked: Sep 15 at 2:15PM
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 AllPoints Realty Inc
Investment Insights
Based on property information with market context.
Built in 1925, this conventional restaurant property occupies a 0.32-acre corner parcel at 530 Farmington Ave in Hartford. The improvements are supported by a private parking lot, on-street parking, and two curb cuts serving Kenyon Street and Farmington Avenue. An established restaurant tenant occupies the building under a triple-net lease structure.
The property sits along Farmington Avenue near Asylum Hill and local educational facilities. Walk Score is 54, Bike Score is 53, and Transit Score is 43, reflecting a location with pedestrian, bicycle, and public transportation access. The corner setting and multiple points of entry provide direct access from both adjoining streets.
The property sits along Farmington Avenue near Asylum Hill and local educational facilities. Walk Score is 54, Bike Score is 53, and Transit Score is 43, reflecting a location with pedestrian, bicycle, and public transportation access. The corner setting and multiple points of entry provide direct access from both adjoining streets.
Key Highlights
- 0.32‑acre corner parcel at 530 Farmington Ave, Hartford, CT
- Triple‑net lease structure with established restaurant tenancy
- Two curb cuts: one from Kenyon Street and one from Farmington Avenue
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
$40,698
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
4.93%
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%
$813,960
$814.0K
Cap Rate 7%
$581,400
$581.4K
Cap Rate 9%
$452,200
$452.2K
Market Conditions
NOI Build-Up for 3,072 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
$59.0K $19.20/SF
− Vacancy
−$4.7K −$1.54/SF
EGI
$54.3K $17.66/SF
− OpEx
−$13.6K −$4.42/SF
NOI
$40.7K $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%
$813,960
Cap Rate 7%
$581,400
Cap Rate 9%
$452,200
Alternative Uses
Best Use
Specialty Retail
$581.4K
$508.7K – $678.3K
NOI $40,698 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$915.7K
$801.2K – $1.07M
NOI $64,097 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,756
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Dunkin' Donuts
Dining
9,559 visits/mo
0.5 miles
Burger King
Dining
8,182 visits/mo
0.1 miles
Bank of America
Shops & Services
7,492 visits/mo
0.1 miles
Sunoco
Shops & Services
6,445 visits/mo
0.4 miles
Mobil
Shops & Services
5,279 visits/mo
0.1 miles
Demographics for 06105, CT
18,803
Population
11,705
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
8,175
Density / Sq Mi
$41,235
Median Household Income
$39,775
Median Earnings
$1,100
Median Rent
$365,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant tenancy with triple-net lease structure and dedicated parking.
Where is this conventional restaurant located?
The property is located at 530 Farmington Ave Hartford, CT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 0.32‑acre corner parcel at 530 Farmington Ave, Hartford, CT; Triple‑net lease structure with established restaurant tenancy; Two curb cuts: one from Kenyon Street and one from Farmington Avenue
