Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$260,000
Commercial land
12 Nesbit Ave West Hartford, CT 06119
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US15-0321478
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.12 ac (5,200 SF)
Zoning code
RM-3R
APN
WHAR M:G10 B:3761 L:12
UPID
US15-0321478
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$260k
Owner & transaction history
Whetstone Hldgs INC · 15 yrs held
Whetstone Hldgs INC
since 2010
2 recorded transactions
Zoning & alternative use
RM-3R · West Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
marily in minimum requirements for lot areas, dimensions and other spatial standards, are as follows: District Square Feet of Land Area Per Dwelling Unit RM-4 Multifamily Residence 4,000 RM-3 Multifamily Residence 3,000 RM-3R Multifamily Restricted Residential 3,000 and a maximum of 2 dwelling units per lot RM-2 Multifamily Residence 2,000 RM-1 Multifamily R…
Zone name
Multifamily Residence
General category
RESIDENTIAL
Zone area
327.15 ac
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 West Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$260k
Range $234k – $286k · ±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
—
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
$2,137
Tax year 2023
Assessed value
$52,220
Assessed 2023
Previous assessed
$52,220
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$42,630
Assessed improvement
$9,590
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.12 ac (5,200 SF)
Zoning code
RM-3R
APN
WHAR M:G10 B:3761 L:12
UPID
US15-0321478
Jurisdiction
WEST HARTFORD
Zoning & alternative use
RM-3R · West Hartford, CTZoning RM-3R · permitted uses
RM-3R · West Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
marily in minimum requirements for lot areas, dimensions and other spatial standards, are as follows: District Square Feet of Land Area Per Dwelling Unit RM-4 Multifamily Residence 4,000 RM-3 Multifamily Residence 3,000 RM-3R Multifamily Restricted Residential 3,000 and a maximum of 2 dwelling units per lot RM-2 Multifamily Residence 2,000 RM-1 Multifamily Residence 1,000 RM-MS Multifamily, Multistory Residence 1,000 RO Residence-Office Dist
Zone name
Multifamily Residence
General category
RESIDENTIAL
Zone area
327.15 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Whetstone Hldgs INC
Entity
Mailing address
583 HIGHLAND AVE, CHESHIRE, CT 06410-2205
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
Whetstone Holdings INC
—
Deed
related
$893,000 · Wells Fargo Bank NA
Sep 23, 2010
$1,000,000
Whetstone Hldgs INC
Bazilian,marc L
Warranty Deed
$750,000 · Wells Fargo Mortgage
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12 Nesbit Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
