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    1795 Broad St Hartford, CT 06114

    For Sale
    $790,000

    5,148 SF Flex Space, NNN Lease

    Property size:
    5,148 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 5,148 square foot flex space located at 1795 Broad Street in Hartford, Connecticut. The property, built in 1986, features a new seven-year triple net (NNN) lease with a highly-rated (AA- by Fitch) tenant, Trinity Health of New England, ensuring strong financial stability. The two-story brick building benefits from a prime location near major highways and Trinity College, offering excellent visibility and accessibility. The space includes two loading docks and ample surface parking (20+ spots). High ceilings and MS-3 zoning provide versatility for various commercial uses. The property's strong location is supported by demographic data indicating a population of 257,000 within a five-mile radius and an average household income exceeding $106,000. This presents a compelling value-add opportunity in a growing area with increasing property values. The asking price is $790,000.

    Property Features for 1795 Broad St

    General Information

    Property type
    Flex space
    Square Feet
    5,148 SF

    Building Details

    Year Built
    1986

    HighLights

    • 5,148 SF flex space at 1795 Broad Street, Hartford, CT.
    • New seven‑year NNN lease with AA‑rated Trinity Health of New England.
    • Two‑story brick building with excellent visibility and accessibility near major highways and Trinity College.
    • Features two loading docks and 20+ surface parking spaces.
    • High ceilings and MS‑3 zoning allow for versatile commercial use.
    • Strong demographics: 257,000 population within 5 miles, average household income over $106,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CDJ Auto Electric Auto Electrical Service Jx Motorsports Hartford Atv Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.687246325722
    Latitude
    41.744251188138

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    FAQs

    What type of property is this?
    Flex space - 5,148 SF Flex Space, NNN Lease
    Where is this flex space located?
    The property is located at 1795 Broad St Hartford, CT.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: 5,148 SF flex space at 1795 Broad Street, Hartford, CT.; New seven-year NNN lease with AA-rated Trinity Health of New England.; Two-story brick building with excellent visibility and accessibility near major highways and Trinity College.
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    1795 Broad St Hartford, CT 06114
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    Realmo Value Estimation

    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.

    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.

    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
    1795 Broad St Hartford, CT 06114
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