Three-Story Mixed-Use
937 New Britain Avenue, West Hartford, CT 06110
For Sale
$519,900
Street-level space offers a main area and two separate offices, with residential space above.
Property Size2,836 SF
Price / SF$183.32
Days on Market19
Property Features for 937 New Britain Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Eraway Realty
Listed By:
Luan Phan
(860) 232-0220
Source:
Davisowenrealestate
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 1:22PM
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 Eraway Realty
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Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 2,836 square feet. The ground floor is configured for office or retail use, with two separate offices and a larger central area. Residential space occupies the upper floors: a two-bedroom unit on the second floor and one-bedroom residential space on the third. The building dates to 1915 and is zoned BG.
The property is at 937 New Britain Avenue in West Hartford, Connecticut, on New Britain Avenue. Its layout combines street-level commercial space with residential areas on two floors above.
The property is at 937 New Britain Avenue in West Hartford, Connecticut, on New Britain Avenue. Its layout combines street-level commercial space with residential areas on two floors above.
Key Highlights
- 2,836 SF across three floors
- Ground floor has two offices and a large main area for office or retail use
- Second floor includes a two‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,159
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,180
$723.2K
Cap Rate 7%
$516,557
$516.6K
Cap Rate 9%
$401,767
$401.8K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$68.1K $24.00/SF
− Vacancy
−$10.2K −$3.60/SF
EGI
$57.9K $20.40/SF
− OpEx
−$21.7K −$7.65/SF
NOI
$36.2K $12.75/SF
Area
Hartford, CT
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,180
Cap Rate 7%
$516,557
Cap Rate 9%
$401,767
Alternative Uses
Best Use
Mixed Use
$516.6K
$452.0K – $602.7K
NOI $36,159 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$457.9K
$400.7K – $534.2K
NOI $32,053 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$845.3K
$739.7K – $986.2K
NOI $59,173 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 31%
Dining 18%
Home Improvements & Furnishings 11%
Price Rite
Groceries
25,248 visits/mo
0.3 miles
Burger King
Dining
7,490 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
7,394 visits/mo
0.3 miles
KFC
Dining
6,771 visits/mo
0.0 miles
Family Dollar
Shops & Services
5,663 visits/mo
0.1 miles
Demographics for 06110, CT
13,004
Population
5,540
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
3,941
Density / Sq Mi
$81,972
Median Household Income
$51,576
Median Earnings
$1,542
Median Rent
$269,300
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/SF for Mixed-use properties in Hartford County, CT
Properties on Market for Mixed-use properties in Hartford County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level space offers a main area and two separate offices, with residential space above.
Where is this mixed-use property located?
The property is located at 937 New Britain Avenue West Hartford, CT.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 2,836 SF across three floors; Ground floor has two offices and a large main area for office or retail use; Second floor includes a two‑bedroom unit
