Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    623-633 Hazard Avenue Enfield, CT 6082

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $700,000

    Former auto repair facility on 4.5 acres for sale.

    Type:Commercial
    Property size:
    2,904 SF
    Lot size:
    4.50 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    186
    Last Refresh:
    Mar 25 at 10:38 pm

    Property Features for 623-633 Hazard Avenue

    General Information

    Standard status
    Active
    Size
    2,904 SF
    Lot size
    4.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    PAUL BONGIORNI
    PAUL BONGIORNI

    Listing agent PAUL BONGIORNI License #9575704

    Listing office Pioneer CRE

    Listing date Sep 29, 2025

    Source Corcoran

    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 Pioneer CRE

    Overview

    Five-Bay Auto Repair Facility

    This property features a five-bay former auto repair facility, accompanied by a separate, adjacent wooded parcel, totaling approximately 4.5 acres. It is located on CT Rt. 190, a commercial and commuter corridor, offering high visibility. The building was previously occupied by a tire and auto repair business. Its location near national retailers makes it suitable for owner-occupancy or potential redevelopment. The property provides access to I-91 and CT Rt. 191, as well as surrounding Northern Connecticut and Western Massachusetts suburbs. The building has a size of 2904 square feet.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tire Country of Enfield — 623 Hazard Ave, Enfield, CT 06082
    • 5 Star Auto Glass — 27 Quality Ave, Somers, CT 06071
    • Berry's Garage — 52 Bailey Rd, Enfield, CT 06082
    • Towne Garage — 556 Hazard Ave, Enfield, CT 06082
    • Tire Country Manchester — 623 hazard ave rt 190, enfield, ct 06040

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5055332
    Latitude
    41.9853411

    Nearby Similar for Sale

    • $500,000
      3,024 SF

      Enfield Multi-Family Townhouse Style Property

      Well-maintained Enfield multi-family property with upside potential.
      148 Pleasant Street, Enfield, CT 06082
      View Details
    • $999,900
      20,779 SF

      High-Visibility Commercial Property in Enfield

      20,779 sqft commercial property with high traffic and income.
      66 Enfield Street, Enfield, CT 06082
      View Details
    • $500,000
      2,968 SF

      Enfield Multifamily Townhouse Style Property

      Well-maintained Enfield multi-family property with upside potential.
      97 Pleasant Street, Enfield, CT 06082
      View Details
    • $475,000
      3,741 SF

      Enfield Townhouse Style Four Family

      Townhouse style four family property in Enfield, Connecticut.
      40 Church Street, Enfield, CT 06082
      View Details
    • $450,000
      3,218 SF

      Enfield Multifamily Investment Opportunity

      Four-unit multifamily property in Enfield with long-term tenants.
      64 Hartford Avenue, Enfield, CT 06082
      View Details
    • $389,900
      2,296 SF

      Enfield Duplex with Modern Updates

      Updated duplex in convenient Enfield location, ideal for investors.
      24 Ohear Avenue, Enfield, CT 06082
      View Details
    • $559,900
      4,536 SF

      Enfield Four-Family Investment Opportunity

      Fully rented four-family property in Enfield, Connecticut.
      57 Asnuntuck Street, Enfield, CT 06082
      View Details
    • $409,000
      2,736 SF

      Enfield Two-Family Investment Opportunity

      Two-unit property with long-term tenants and strong rental income.
      20 Manning Road, Enfield, CT 06082
      View Details
    • $895,000
      5,578 SF

      Enfield Commercial Property For Sale

      Fully leased commercial property in Enfield, CT with steady income.
      71 Hazard Ave, Enfield, CT 06082
      View Details
    • $700,000
      2,904 SF

      Former Auto Repair Facility

      Five-bay auto repair facility with adjacent land for lease.
      623 Hazard Ave, Enfield, CT
      View Details
    • $599,999
      3,170 SF

      Established Salon on High-Traffic Road

      Fully upgraded hair and beauty salon with long-term lease.
      651 Enfield Street, Enfield, CT 06082
      View Details
    • $775,000
      9,718 SF

      Mixed-Use Property with Apartment Building

      Mixed-use property with apartments, storefronts, and warehouse space for sale.
      740 Enfield Street, Enfield, CT 06082
      View Details

    FAQs

    What type of property is this?
    Auto shop - Former auto repair facility on 4.5 acres for sale.
    Where is this auto shop located?
    The property is located at 623-633 Hazard Avenue Enfield, CT.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Prime location with great visibility on CT Rt. 190, a major commercial and commuter corridor.; Approximately 4.5 acres of land including a separate, adjacent wooded parcel.; Five‑bay former auto repair facility, previously occupied by a well‑known business.
    (413) 312-9299
    We can help!
    Listing Contact
    PAUL BONGIORNI
    PAUL BONGIORNI
    Real Estate License ID: 9575704
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!