Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    112 Prospect Ave Hartford, CT 06106-2956

    • Office buildings
    • 11,866 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0320649
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 112 Prospect Ave

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.92 lot acres
    Property size
    11,866 SF
    Zone code
    CX-2
    Property type
    Office buildings
    APN
    HTFD M:115 B:473 L:003
    APU
    HTFDM115B473L003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,430,000
      Market price range: $434k - $2.35M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,030,000
      RETAIL STORES
      $1,200,000
      APARTMENT HOUSE (5+ UNITS)
      $1,175,000
      AUTO REPAIR, GARAGE
      $1,065,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7145
    Latitude
    41.7489
    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
    $27,670
    $78,960
    $322,350
    $401,310
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,773 SF

      93 Oak St

      OFFICE BUILDING • 5,773 SF
      93 Oak St, Hartford, CT 06106-1515
      View Details
    • Value Estimation by Request
      6,969 SF

      51-53 Russ St

      OFFICE BUILDING • 6,969 SF
      51-53 Russ St, Hartford, CT 06106
      View Details
    • Value Estimation by Request
      2,933 SF

      52 Russ St

      OFFICE BUILDING • 2,933 SF
      52 Russ St, Hartford, CT 06106-1522
      View Details
    • Value Estimation by Request
      5,845 SF

      753 Capitol Ave

      OFFICE BUILDING • 5,845 SF
      753 Capitol Ave, Hartford, CT 06106-1218
      View Details
    • Value Estimation by Request
      1,892 SF

      610 New Britain Ave

      OFFICE BUILDING • 1,892 SF
      610 New Britain Ave, Hartford, CT 06106-4033
      View Details
    • Value Estimation
      $695,000
      4,665 SF

      36 Russ St

      OFFICE BUILDING • 4,665 SF
      36 Russ St, Hartford, CT 06106-1520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      770 SF

      Office Building with Multiple Suites

      Three-story office building with suites available for rent.
      67 Prospect Ave, Hartford, CT 06106
      View Details
    • $550,000
      3,375 SF

      Unique Office Building Near Hartford

      Office building near Hartford Hospital, gut-rehabbed in 1996.
      124 Jefferson St, Hartford, CT 06106
      View Details
    • $550,000

      Unique Office Building Near Hartford

      Office building near Hartford Hospital, completely renovated in 1996.
      124 Jefferson St, Hartford, CT 06106
      View Details
    • $550,000
      3,375 SF

      Unique Office Building Near Hartford Hospital

      Gut-rehabbed office building with parking near Hartford Hospital.
      124 Jefferson St, Hartford, CT 06106
      View Details
    • $690,000
      8,900 SF

      Downtown Hartford Freestanding Office Building

      Two-story office building with parking in downtown Hartford, CT.
      131 Oak St, Hartford, CT 06106
      View Details
    • $550,000
      Pending

      Unique Office Building Near Hartford Hospital

      Office building diagonally across from The Hartford Hospital entrance.
      124 Jefferson St, Hartford, CT 06106
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      28,410 SF

      Class A Office Space Available

      9,611 SF Class A office space for lease.
      21 Oak St, Hartford, CT 06106
      View Details
    • $16 SF/Yr
      43,300 SF

      Hartford Office Building For Sale

      Prime Hartford location, multiple suites available.
      330 Main St, Hartford, CT 06106
      View Details
    • $3,000 /Mo
      Pending

      Adaptable Commercial Space For Lease

      1,400 SF commercial space in high-traffic neighborhood.
      454 Park St, Hartford, CT 06106
      View Details
    • Contact for pricing
      4,547 SF

      Hartford Office Space For Lease

      Office space available for lease in Hartford, Connecticut.
      10 Columbus Blvd, Hartford, CT 06106
      View Details
    • Contact for pricing
      235 SF

      Hartford Office Space Available

      Office spaces for rent in Hartford, CT, available immediately.
      67 Russ St, Hartford, CT 06106
      View Details
    • $1,250 /Mo
      1,000 SF

      Remodeled Commercial Unit in Hartford

      Modern 1,000 sq ft commercial unit for lease.
      1594 Park St, Hartford, CT 06106
      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.
    112 Prospect Ave
    Hartford, CT 06106-2956
    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!