West Hartford Building For
For Sale
Contact for pricing
830 Farmington Ave, West Hartford, CT
30,000 SF building ideal for medical, office, or retail.
Property Size30,000 SF
Lot Size0.62 Acres
Price / SF$133.33
Days on Market302
Property Features for 830 Farmington Ave
General Information
Standard status
Active
Size
30,000 SF
Lot size
0.62 Acres
Property subtype
OFFICE
Listing Agency:
Regions Commercial, LLC
(860) 854-6500
Listed By:
Michael Guidicelli, CCIM, SIOR
(860) 371-7103
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Jul 6
Last Checked: Sep 2 at 12:53AM
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 Regions Commercial, LLC
Investment Insights
Based on property information with market context.
The entire building, offering up to 30,000 square feet, is available for lease. Zoned BC, the property allows for many potential uses and is ideal for medical, office, or retail purposes. The location is situated prominently along a bustling thoroughfare in the vibrant community of West Hartford, strategically positioned to capture the attention of a diverse and affluent demographic. This sought-after location boasts high visibility and a steady stream of foot traffic, making it an ideal destination for businesses seeking maximum exposure and accessibility. West Hartford offers a blend of small-town charm with big-city amenities, located 120 miles from New York City and 6 miles from Hartford’s city center, with convenient access to Interstates 84 and 95. The area is known for its excellent public schools and proximity to universities, including the University of Saint Joseph, University of Hartford, UConn Law School, UConn Med School, and Trinity College. The property is near a wide variety of retail options, including Whole Foods and Blue Back Square.
Key Highlights
- High‑visibility location on a bustling thoroughfare in West Hartford, ideal for maximum exposure.
- Broad BC zoning allows for many potential uses (Medical/Office or Retail).
- Large leasable space available (up to 30,000 SF).
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
$339,066
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
8.48%
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%
$6,781,320
$6.8M
Cap Rate 7%
$4,843,800
$4.8M
Cap Rate 9%
$3,767,400
$3.8M
Market Conditions
NOI Build-Up for 30,000 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
$540.0K $18.00/SF
− Vacancy
−$55.6K −$1.85/SF
EGI
$484.4K $16.15/SF
− OpEx
−$145.3K −$4.84/SF
NOI
$339.1K $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 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%
$6,781,320
Cap Rate 7%
$4,843,800
Cap Rate 9%
$3,767,400
Alternative Uses
Best Use
Healthcare Medical
$6.94M
$6.08M – $8.10M
NOI $486,000 @ 7.0% cap · market cap 12.15%
Second Best
Office B
$6.65M
$5.82M – $7.76M
NOI $465,345 @ 7.0% cap · market cap 11.63%
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M
NOI $625,951 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,046
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 30,000 SF building ideal for medical, office, or retail.
Where is this office building located?
The property is located at 830 Farmington Ave West Hartford, CT.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: High‑visibility location on a bustling thoroughfare in West Hartford, ideal for maximum exposure.; Broad BC zoning allows for many potential uses (Medical/Office or Retail).; Large leasable space available (up to 30,000 SF).
