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    10 Hazard Ave Enfield, CT 06082-3713
    Property profile & analytics

    10 Hazard Ave, Enfield, CT 06082-3713

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    • Commercial real estate
    • 32.44 lot acres
    Off-Market
    Property ID
    US15-0929125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sport Clips Haircuts of Enfield - Brookside Plaza / Barber Shop
    • Plato's Closet / Clothing Store / Thrift Store
    • PetSmart / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • SKECHERS Warehouse Outlet / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Skechers Warehouse Outlets / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 10 Hazard Ave

    Lot size
    32.44 lot acres
    Zone code
    BR
    Property type
    Commercial real estate
    APN
    ENFI M:056 L:0022
    APU
    ENFIM056L0022

    Description

    Brookside Plaza, located at 10 Hazard Avenue in Enfield, Connecticut (zip code 06082), offers a prime retail opportunity in a bustling location. This strip center boasts a total of 226,215 square feet of retail space, with multiple tenancies available. Currently, there are 9,492 square feet of vacant space available, divisible into units ranging from a minimum of 1,492 square feet to a maximum contiguous space of 8,000 square feet. The property is strategically situated near the I-91 Interchange, at the intersection of Hazard Avenue and Phoenix Avenue, ensuring high visibility and convenient access for customers. Located in Hartford County, this property presents a unique chance to establish or expand a retail business in a high-traffic area. The address is easily accessible and benefits from strong local demographics. The flexible space options cater to a variety of retail needs, making it an ideal location for businesses of various sizes. This is a rare opportunity to secure retail space in a well-established center with excellent visibility and accessibility. The property's size and location make it an attractive investment for businesses seeking a strong presence in the Enfield market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5803
    Latitude
    41.9884
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $636,376
    $8,499,300
    $10,328,400
    $18,827,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      Well-located Enfield four-family property with two vacant units.
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    • New
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      Well-maintained two-family property with strong rental potential in central location.
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    Similar Nearby for Lease

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      Office Space for Lease

      Office space available for rent in Enfield, CT.
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    • Sponsored
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      Flexible workspace in CT, Enfield - King St
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      Retail Space in Enfield, CT

      Retail space available in shopping center with ample parking.
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      Enfield Industrial Space For Lease

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    • $12 SF/Yr
      8,450 SF

      Enfield Office Space For Lease

      8,450 SF office space available with natural light.
      101 Phoenix Ave, Enfield, CT 06082
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    • Contact for pricing

      Spacious Industrial Facility For Lease

      420,875 SF industrial facility divisible to suit.
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    10 Hazard Ave
    Enfield, CT 06082-3713
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    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
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    10 Hazard Ave, Enfield, CT, 06082
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