Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    131 Elliott E St Hartford, CT 06114-1515
    Back to Search
    Property profile & analytics

    131 Elliott E St, Hartford, CT 06114-1515

    View on Map
    • Manufacturing properties
    • 18,270 SF
    • 1.28 lot acres
    Off-Market
    Last Sale Mar 10, 2022
    Property ID
    US15-0275596
    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
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Suzanne M Howard Mhc MindLift Next Generation Life Coaching / Crisis Center / Medical Clinic
    • The Apostles House / Church
    • Alpha Distributions Llc / Logistics Company / Freight Service

    Property Details for 131 Elliott E St

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    1.28 lot acres
    Zone code
    ID-1
    Property type
    Manufacturing properties
    APN
    HTFD M:297 B:689 L:015
    APU
    HTFDM297B689L015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 14, 2025 — South Meadows Realty LLC — Deed · related $2.5M · Beacon Bank & Trust
    Dec 18, 2023 — South Meadows Realty LLC — Deed · related $18.8M · Banknewport
    Mar 10, 2022 — 150 Meadow St LLC Rhc Realty LLC Warranty Deed $2.3M · Dsjl Properties LLC
    Jan 27, 1994 — Robert Cohen — Deed Of Trust · related $320k · Shawmut Mortgage

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,077,000
      Market price range: $621k - $1.50M
      AI Estimate
      $976,000
      Market price range: $463k - $1.35M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $985,000
      Current use
      OFFICE BUILDING
      $1,375,000
      Change: +39% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,355,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,335,000
      Change: +35% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,020,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6671
    Latitude
    41.7468
    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
    $38,240
    $210,490
    $344,120
    $554,610
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      19,200 SF

      171 Murphy Rd

      Distribution properties
      171 Murphy Rd, Hartford, CT 06114
      View Details
    • Value Estimation by Request
      2,376 SF

      74 Ellsworth St

      MANUFACTURING (LIGHT)
      74 Ellsworth St, Hartford, CT 06114
      View Details
    • Value Estimation by Request
      9,830 SF

      480 Ledyard St

      MANUFACTURING (LIGHT)
      480 Ledyard St, Hartford, CT 06114-3207
      View Details
    • Value Estimation by Request
      12,083 SF

      465 Ledyard St

      MANUFACTURING (LIGHT)
      465 Ledyard St, Hartford, CT 06114-3211
      View Details
    • Value Estimation
      $1,855,000
      15,827 SF

      376 Ledyard St

      MANUFACTURING (LIGHT)
      376 Ledyard St, Hartford, CT 06114-3201
      View Details
    • Value Estimation
      $900,000
      20,130 SF

      440 Ledyard St

      MANUFACTURING (LIGHT)
      440 Ledyard St, Hartford, CT 06114-3207
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Manufacturing Facility in Hartford

      21,473 SF vacant building on 1.2-acre lot in Opportunity Zone.
      650 Franklin Ave, Hartford, CT 06114
      View Details
    • Contact for pricing
      38,000 SF

      Leased Industrial Buildings For Sale

      Three industrial buildings totaling 38,000 SF on 3 acres.
      386-400 Ledyard St, Hartford, CT 06114
      View Details
    • Contact for pricing
      9,000 SF

      Industrial Building with Office Space

      9,000 SF industrial building with 1,100 SF office space.
      98 Meadow St, Hartford, CT 06114
      View Details
    • Contact for pricing
      38,000 SF

      Leased Industrial Buildings For Sale

      Three industrial buildings for sale, generating $275,635 NOI.
      386 Ledyard St, Hartford, CT 06114
      View Details
    • Contact for pricing
      8,000 SF

      Industrial Building with Office Space

      8,000 SF industrial building with office space for rent.
      396 Ledyard St, Hartford, CT 06114
      View Details
    • Contact for pricing
      9,000 SF

      Industrial Building with Office Space

      9,000 SF industrial building with 1,100 SF office space.
      98 Meadow St, Hartford, CT 06114
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      4,400 SF

      Versatile Commercial Space in Hartford

      4,400 sq ft commercial space suitable for various business uses.
      554 Wethersfield Ave, Hartford, CT 06114
      View Details
    • $1,800 /Mo
      1,046 SF

      Versatile Commercial Space For Lease

      Flexible commercial space ideal for various businesses, great location.
      399 Ledyard St, Hartford, CT 06114
      View Details
    • Contact for pricing
      149,282 SF

      Hartford Industrial Space for Lease

      149,282 SF industrial space available for lease in Hartford.
      121 Wawarme Ave, Hartford, CT 06114
      View Details
    • Contact for pricing
      10,990 SF

      Industrial/Flex Space For Lease

      Industrial/flex space featuring a dock, drive-in door, and office.
      237-241 Ledyard St, Hartford, CT 06114
      View Details
    • Contact for pricing
      6,000 SF

      Retail Flex Space For Lease

      Retail flex space with loading dock near I-91.
      284-312 Murphy Rd, Hartford, CT 06114
      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.
    131 Elliott E St
    Hartford, CT 06114-1515
    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

    Thank You for Inquiry
    131 Elliott E St, Hartford, CT, 06114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!