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

    386 Ledyard St Hartford, CT 06114

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three leased industrial buildings, high NOI.

    Property size:
    38,000 SF

    Property Features for 386 Ledyard St

    General Information

    Property type
    Distribution properties
    Square Feet
    38,000 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1980
    Buildings
    3
    Stories
    1

    We can help!

    Listing Contact
    Nicholas Morizio
    Nicholas Morizio

    Listing Agent: Nicholas Morizio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents three industrial buildings totaling approximately 38,000 square feet situated on a 3-acre lot in Hartford, Connecticut. The property, located at 386-400 Ledyard Street, zip code 06114, boasts a strong net operating income (NOI) of $249,452. Built in the 1980s, the buildings feature 16-foot ceiling heights, providing ample vertical space for various industrial uses. Eleven loading docks and three drive-in doors ensure efficient loading and unloading operations. The property also includes ample fenced-in parking for employees and visitors. The buildings are currently leased, providing a stable income stream. The zoning is designated as Industrial, allowing for a wide range of potential uses. The asking price is $3,200,000, representing a compelling 8.61% capitalization rate. This is a rare opportunity to acquire a well-maintained, multi-building industrial portfolio in a desirable location with significant upside potential. The property's strong cash flow and strategic location make it an ideal addition to any investor's portfolio. This offering includes three single-story buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Connecticut Catalytic Converters ... Auto Parts Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6675365
    Latitude
    41.7368242

    Nearby Similar for Sale

    • New
      $999,999
      Pending

      Newington Commercial Building For Sale

      Commercial building in accessible industrial park suitable for various uses.
      28 Costello Pl, Newington, CT 06111
      View Details
    • $550,000
      3,336 SF

      Renovated Multifamily Home with Income

      Renovated two-family home with income potential in Wethersfield, CT.
      219 Jordan Ln, Wethersfield, CT 06109
      View Details
    • $675,000
      Pending

      Hartford Multifamily Investment Opportunity

      Six-family property in Hartford, Connecticut, ideal for investment.
      50 York St, Hartford, CT 06106
      View Details
    • $649,900
      6,268 SF

      Hartford Multifamily Townhouse-Style Residence

      Four-unit townhouse-style multifamily residence with value-add opportunity.
      71 Williams St, Hartford, CT 06120
      View Details
    • New
      $330,000
      Pending

      Well-Maintained Hartford Two-Family Home

      Two-family home in Hartford, great for owners or investors.
      147 Enfield St, Hartford, CT 06112
      View Details
    • New
      $350,000
      Pending

      Hartford Three-Family Investment Opportunity

      Well-maintained three-family property in Hartford's Parkville neighborhood.
      22 Dorothy St, Hartford, CT 06106
      View Details
    • $459,900
      6,006 SF

      Spacious Two-Family Home Opportunity

      Large two-family home with over 6,000 sq ft of living.
      35 Burton St, Hartford, CT 06112
      View Details
    • $379,900
      Pending

      West Hartford Two-Family Home

      Two-unit property near West Hartford Center and Blue Back Square.
      536 S Quaker Ln, West Hartford, CT 06110
      View Details
    • $450,000
      3,229 SF

      Hartford Multifamily Investment Opportunity

      Three-unit property in Hartford near shopping and highways.
      520 Prospect Ave, Hartford, CT 06105
      View Details
    • $399,900
      Pending

      East Hartford Multifamily Home

      Two-family home with attic and finished basement, two-car garage.
      816 Burnside Ave, East Hartford, CT 06108
      View Details
    • $549,900
      Pending

      Updated Two-Family West Hartford Property

      Updated two-family property in West Hartford with separate utilities.
      169 Arnoldale Rd, West Hartford, CT 06119
      View Details
    • $399,900
      Pending

      Hartford Three-Family Brick Building

      Well-maintained three-family property with a strong unit mix.
      15 Townley St, Hartford, CT 06105
      View Details

    FAQs

    What type of property is this?
    Distribution property - Three leased industrial buildings, high NOI.
    Where is this distribution property located?
    The property is located at 386 Ledyard St Hartford, CT.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: ±38,000 SF in three industrial buildings on ±3 acres in Hartford, CT.; 11 loading docks and 3 drive-in doors.; 16' ceiling heights.
    (860) 616-4022 Call to check price and availability
    Request Owner's contact information
    386 Ledyard St Hartford, CT 06114
    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.
    386 Ledyard St
    Hartford, CT 06114
    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
    386 Ledyard St Hartford, CT 06114
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nicholas Morizio
    Nicholas Morizio
    Real Estate License ID: REB.0480628
    (860) 616-4022 (860) 690-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!