Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    710-718 Enfield St Enfield, CT 06082

    • Commercial real estate
    • 13,654 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 710-718 Enfield St

    Year built
    1930
    Property size
    13,654 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 710-718 Enfield Street, Enfield, CT, presents a unique investment opportunity. The 13,654 square foot building offers a fully operational auto dealership with five bays, four installed lifts, and ample parking. The auto shop area includes three bathrooms, two private offices, and large office spaces equipped with shelving, ideal for auto parts storage. The building is heated by gas. Beyond the auto dealership, this property boasts significant additional income potential. Two residential units are included, providing a substantial rental income stream. Furthermore, a large front area is suitable for use as a retail store or additional office space, offering versatility and expansion possibilities. The property sits on a 0-acre lot, making it easily manageable and accessible. This multi-use property is priced at $850,000 and offers a rare combination of established business operations and significant future growth potential. The existing infrastructure and layout are well-suited for continued success in the automotive industry and beyond, making this an attractive investment for both seasoned entrepreneurs and newcomers to the commercial real estate market. The property is readily available for showings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5931
    Latitude
    42.0036

    Comparable in this City

    • Value Estimation by Request
      7.34 Acres

      20 Phoenix Ave

      COMMERCIAL (GENERAL) • 7.34 Acres
      20 Phoenix Ave, Enfield, CT 06082-4406
      View Details
    • Value Estimation by Request
      3,268 SF

      100 Elm St

      SHOW ROOM, WAREHOUSE • 3,268 SF
      100 Elm St, Enfield, CT 06082-3732
      View Details
    • Value Estimation by Request
      2,528 SF

      264 Hazard Ave

      SHOW ROOM, WAREHOUSE • 2,528 SF
      264 Hazard Ave, Enfield, CT 06082-4613
      View Details
    • Value Estimation
      $1,390,000
      16,516 SF

      47 Palomba Dr

      SHOW ROOM, WAREHOUSE • 16,516 SF
      47 Palomba Dr, Enfield, CT 06082-3847
      View Details
    • Value Estimation
      $1,710,000
      16,115 SF

      10 Palomba Dr

      SHOW ROOM, WAREHOUSE • 16,115 SF
      10 Palomba Dr, Enfield, CT 06082-3802
      View Details
    • Value Estimation by Request
      0.23 Acres

      124 Pleasant St

      COMMERCIAL (GENERAL) • 0.23 Acres
      124 Pleasant St, Enfield, CT 06082-2841
      View Details

    Similar Nearby for Sale

    • $376,000
      25.20 Acres

      Enfield Land with Development Potential

      25+ acre parcel in Enfield, CT with development possibilities.
      103 Post Rd, Enfield, CT 06082
      View Details
    • $150,000
      35.70 Acres

      35 Acres Untapped Potential Enfield

      35 acres of land in Enfield, CT, near I-91.
      86 Weymouth Rd, Enfield, CT 06082
      View Details
    • $69,999
      2,200 SF

      Established Polish Deli For Sale

      Turnkey Polish deli in prime location with loyal customer base.
      786 Enfield St, Enfield, CT 06082
      View Details
    • $2,600,000
      20,623 SF

      Enfield Commercial and Residential Package

      Multi-parcel property with redevelopment potential in high-traffic area.
      534-544 Hazard Ave, Enfield, CT 06082
      View Details
    • $775,000
      9,718 SF

      Mixed-Use Property with Apartment Building

      Mixed-use property with apartments, storefronts, and warehouse space for sale.
      740 Enfield St, Enfield, CT 06082
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,693 SF

      Commercial Space in Enfield, CT

      New build-to-suit commercial space for lease on Hazard Ave.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    • $4,000 /Mo
      5,610 SF

      Auto Repair Facility For Lease

      Auto repair and inspection facility available for lease.
      14 Cranbrook Blvd, Enfield, CT 06082
      View Details
    • Contact for pricing
      711 SF

      Renovated Office Space Available

      Fully renovated office suites available, from 711 to 20,000 SF.
      55 Main St, Enfield, CT 06082
      View Details
    • $18 SF/Yr
      2,089 SF

      Customizable Commercial Space on Hazard

      Prime commercial space for lease in Enfield's Scitico district.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    Request Owner's contact information
    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.
    710-718 Enfield St
    Enfield, CT 06082
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!