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Property profile & analytics
OFF-MARKET
Estimated value
$6,045,000
Manufacturing properties
101 Locust St Hartford, CT 06114-1504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0661719
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
STEEL FRAME
Total area
73,502 SF
Lot
6.16 ac (268,330 SF)
Zoning code
ID-1
APN
HTFD M:297 B:689 L:013
UPID
US15-0661719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pitney Bowes Presort Services Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$6.05M
Owner & transaction history
101 Locust Fund LLC · 3 yrs held
101 Locust Fund LLC
since 2022
6 recorded transactions
Zoning & alternative use
ID-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.4M
+87.2%
Auto repair, garage
$6.6M
+66.0%
Office building
$5.5M
+39.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,965,000
Current use
RETAIL STORES
$7,425,000
Change: +87% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,585,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$5,525,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,445,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,360,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,100,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.05M
Range $5.44M – $6.65M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$195,565
Tax year 2023
Assessed value
$2,836,330
Assessed 2023
Previous assessed
$2,836,330
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$1,017,100
Assessed improvement
$1,819,230
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Total area
73,502 SF
Lot
6.16 ac (268,330 SF)
Zoning code
ID-1
APN
HTFD M:297 B:689 L:013
UPID
US15-0661719
Jurisdiction
HARTFORD
Zoning & alternative use
ID-1 · Hartford, CT
Zoning ID-1 · permitted uses
ID-1 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.0M
RETAIL STORES
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$6.6M
OFFICE BUILDING
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Lot
6.16 ac
Current owner
From public records · entity-resolved
101 Locust Fund LLC
Entity
Mailing address
265 FRANKLIN ST STE #1001, BOSTON, MA 02110-3104
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
—
101 Locust Fund LLC
Benerofe Hartford LLC
Warranty Deed
$3,525,000 · Middlesex Savings Bank
Oct 6, 2015
$4,800,000
Benerofe Hartford LLC
101 Locust Street Real
Warranty Deed
$3,600,000 · Orange B&t Co
Sep 15, 2005
$5,300,000
101 Locust Realty LLC
101 Locust St Assoc LP
Warranty Deed
$4,175,000 · Worth Funding INC
Feb 24, 2000
—
101 Locust St. Assoc
—
Deed Of Trust
related
$2,875,000 · Worth Funding INC
Jun 15, 1995
—
101 Locust St.
—
Deed Of Trust
related
$736,000 · Mechanics Svgs Bk
Jun 22, 1990
$3,700,000
101 Locust St. Assoc LP
Hi C Co INC
Grant Deed
$5,200,000 · Mechanics Svgs Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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