Flex Facility with Fenced
For Sale
Contact for pricing
75 Elliott St E, Hartford, CT 06114
Combined office and warehouse property with drive-in access, fenced outdoor storage, and on-site electric vehicle charging.
Property Size5,911 SF
Price / SF$126.88
Days on Market8
Property Features for 75 Elliott St E
General Information
Standard status
Active
Size
5,911 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
2,911 SF
Office Build-Out
3,000 SF
Mezzanine
700 SF
Drive-In Doors
3
Amenities
Electric vehicle charging stations
Building Details
Buildings
1
Building Size
5,911 SF
Listing Agency:
Sentry Commercial
(860) 983-0029
Listed By:
David Murdock · License #REB.0756633
(860) 983-0029
Source:
Moodyscre
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 19 at 6:33AM
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 Sentry Commercial
Investment Insights
Based on property information with market context.
Located at 75 Elliott St E in Hartford, Connecticut, this flex facility combines 3,000 SF of move-in-ready office space with 2,911 SF of clear-span warehouse area. The warehouse includes 3 drive-in doors, while an additional 700 SF mezzanine expands the usable configuration. A fenced yard provides secured exterior space for operations, storage, or vehicle handling.
The property also includes 3 electric vehicle charging stations serving 4 chargers. A new roof was installed in 2018, adding a documented capital improvement to the facility. The mix of office, warehouse, mezzanine, and secured yard space supports a range of commercial operating requirements within one property.
The property also includes 3 electric vehicle charging stations serving 4 chargers. A new roof was installed in 2018, adding a documented capital improvement to the facility. The mix of office, warehouse, mezzanine, and secured yard space supports a range of commercial operating requirements within one property.
Key Highlights
- 3,000 SF of move‑in‑ready office space
- 2,911 SF clear‑span warehouse with 3 drive‑in doors
- Additional 700 SF mezzanine
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
$66,629
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
8.88%
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%
$1,332,580
$1.3M
Cap Rate 7%
$951,843
$951.8K
Cap Rate 9%
$740,322
$740.3K
Market Conditions
NOI Build-Up for 5,911 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
$100.7K $17.04/SF
− Vacancy
−$5.5K −$0.94/SF
EGI
$95.2K $16.10/SF
− OpEx
−$28.6K −$4.83/SF
NOI
$66.6K $11.27/SF
Area
Hartford, CT
Vacancy
5.50%
Lease Rate
$17.04 /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%
$1,332,580
Cap Rate 7%
$951,843
Cap Rate 9%
$740,322
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,688 @ 7.0% cap · market cap 12.23%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,591 @ 7.0% cap · market cap 10.88%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,333 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,006
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Hartford, CT
Questions? Ask Rey
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Similar Off Market Nearby
- The Market Corporate Catering — 101 Reserve Rd, Hartford, CT 06114
- El Kiosko LLC — 570 Wethersfield Ave, Hartford, CT 06114
Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse property with drive-in access, fenced outdoor storage, and on-site electric vehicle charging.
Where is this flex space located?
The property is located at 75 Elliott St E Hartford, CT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000 SF of move‑in‑ready office space; 2,911 SF clear‑span warehouse with 3 drive‑in doors; Additional 700 SF mezzanine
