Creative Space Near
880 Asylum Ave, Hartford, CT 06105
For Sale
Contact for pricing
An adaptable open layout offers flexibility for a range of creative uses.
Property Size1,500 SF
Price / SF$1.00
Days on Market26
Property Features for 880 Asylum Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Acorn Action LLC
Listed By:
Thomas C. McNeill JR · License #REB.0455977
(860) 242-5192
Source:
Sunsetcreekrealty
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 8 at 7:14AM
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 Acorn Action LLC
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Investment Insights
Based on property information with market context.
This 1,500-square-foot creative space features an open layout that can accommodate a range of uses. The property was built in 1900.
Located at 880 Asylum Ave in Hartford, the space is just east of Saint Francis Hospital, with daytime traffic along Asylum Avenue.
Located at 880 Asylum Ave in Hartford, the space is just east of Saint Francis Hospital, with daytime traffic along Asylum Avenue.
Key Highlights
- 1,500 square feet of open creative space
- 880 Asylum Ave location, just east of Saint Francis Hospital
- 1900 construction date
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,267
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,340
$465.3K
Cap Rate 7%
$332,386
$332.4K
Cap Rate 9%
$258,522
$258.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$40.5K $27.00/SF
− Vacancy
−$9.5K −$6.32/SF
EGI
$31.0K $20.68/SF
− OpEx
−$7.8K −$5.17/SF
NOI
$23.3K $15.51/SF
Area
Hartford, CT
Vacancy
23.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,340
Cap Rate 7%
$332,386
Cap Rate 9%
$258,522
Alternative Uses
Best Use
Office B
$332.4K
$290.8K – $387.8K
NOI $23,267 @ 7.0% cap · market cap 1,551.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 2,086.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,677
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Hartford, CT
Frequently Asked Questions
What type of property is this?
Creative space - An adaptable open layout offers flexibility for a range of creative uses.
Where is this creative space located?
The property is located at 880 Asylum Ave Hartford, CT.
What are key features of this property?
This property features: 1,500 square feet of open creative space; 880 Asylum Ave location, just east of Saint Francis Hospital; 1900 construction date
