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    11 N Main St Essex, CT 06426
    Property profile & analytics

    11 N Main St, Essex, CT 06426

    View on Map
    • Showrooms
    • 2,760 SF
    • 0.09 lot acres
    For Sale
    $1,300,000
    View Listing →
    Historic Essex Mixed-Use Property For Sale
    $1,300,000
    3,036 SF

    Historic Essex Mixed-Use Property

    Reimagined John Miner House in the heart of Essex.

    11 N Main Street, Essex, CT 06426
    View Listing
    Property ID
    US15-0559362
    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

    • Essex Mercantile / Department Store / Grocery & Convenience Store
    • Redshift Digital Audio / Recording Studio
    • The Art of Music (piano lessons) / Tutoring Service / Training Center
    • dreamscapes marketing + design / Marketing & Advertising / Advertising Agency
    • Anderson Reynolds Lynch LLP / Law Firm

    Property Details for 11 N Main St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property type
    Showrooms
    APN
    ESSE M:47 B:001
    APU
    ESSEM47B001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $542,000
      Market price range: $225k - $543k
      AI Estimate
      $538,000
      Market price range: $183k - $538k

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

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.3906
    Latitude
    41.3542
    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
    $11,164
    $330,300
    $163,900
    $494,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,537 SF

      135 Dennison Rd

      SHOW ROOM, WAREHOUSE
      135 Dennison Rd, Essex, CT 06426-1361
      View Details
    • Value Estimation by Request
      1,439 SF

      3 Main St

      SHOW ROOM, WAREHOUSE
      3 Main St, Essex, CT 06426-1106
      View Details
    • Value Estimation
      $1,655,000
      1,624 SF

      6 Main St

      SHOW ROOM, WAREHOUSE
      6 Main St, Essex, CT 06426-1119
      View Details
    • Value Estimation
      $780,000
      6,935 SF

      57 Main St

      SHOW ROOM, WAREHOUSE
      57 Main St, Essex, CT 06426-1150
      View Details
    • Value Estimation
      $580,000
      3,004 SF

      8 Novelty Ln

      SHOW ROOM, WAREHOUSE
      8 Novelty Ln, Essex, CT 06426-1168
      View Details
    • Value Estimation
      $830,000
      9,760 SF

      147 Westbrook Rd

      SHOW ROOM, WAREHOUSE
      147 Westbrook Rd, Essex, CT 06426-1512
      View Details

    Similar Nearby for Sale

    • $795,000
      4,544 SF

      Iconic Essex Commercial Mixed-Use Property

      Historic Essex commercial property approved for mixed-use development.
      3 Essex Sq, Essex, CT 06426
      View Details
    • Contact for pricing

      Land in Active Adult Community

      Land for sale in Active Adult Community, Essex, CT
      Bokum Rd, Essex, CT 06426
      View Details
    • $725,000

      Land in Essex Village

      Land parcel in a prime, private location in Essex Village.
      4 Bank Ln, Essex, CT 06426
      View Details
    • $2,195,000
      12,600 SF

      Historic Office Building in Essex

      Original 1916 E.E. Dickinson office building with historic details.
      31 North Main St, Essex, CT 06426
      View Details
    • $2,195,000

      Historic Office Building in Essex

      Original 1916 E.E. Dickinson office building with water views.
      31 N Main St, Essex, CT 06426
      View Details
    • New
      $725,000
      0.29 Acres

      Land in Essex Village Location

      Land parcel in prime Essex Village location, build new.
      4 Bank Ln, Essex, CT 06426
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,513 SF

      Essex Village Retail Opportunity

      Retail property in the heart of Essex Village for rent.
      28 Main St, Essex, CT 06426
      View Details
    • Contact for pricing
      15,316 SF

      Highly Visible Commercial Space Available

      Versatile commercial space with high visibility and ample parking.
      192 Westbrook Rd, Essex, CT 06426
      View Details
    • Contact for pricing
      1,380 SF

      Historic Essex Village Living

      Charming 2-bedroom residence in the heart of Essex Village.
      11 North Main St, Essex, CT 06426
      View Details
    • $1,880 /Mo

      First-Floor Office Space in Essex

      Bright office space in historic Essex Village with river views.
      8 Novelty Ln, Essex, CT 06426
      View Details
    • $7 SF/Yr
      21,000 SF

      Industrial/Warehouse and Office Space

      Industrial/warehouse and office space with ample parking and loading docks.
      11-C Bokum Rd, Essex, CT 06426
      View Details

    Property Visit Statistics

    • Visits by month
      5.0k
    • Visitors by month
      3.3k
    • Avg Time on site
      24 min
    View Listing
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    11 N Main St
    Essex, CT 06426
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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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