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    Property profile & analytics

    140 Park Rd West Hartford, CT 06119-1753

    • Showrooms
    • 1,410 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0793121
    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

    • Smoke Public House / American Restaurant / Bar

    Property Details for 140 Park Rd

    Year built
    1939
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    1,410 SF
    Zone code
    BG
    Property type
    Showrooms
    APN
    WHAR M:H10 B:4131 L:140
    APU
    WHARMH10B4131L140

    Description

    This exceptional West Hartford restaurant, located at 140 Park Rd, 06119, presents a unique investment opportunity. Priced at $149,500, this 2,820 square foot, single-tenant retail property boasts a 100% occupancy rate with a current net lease of $3,000 per month. The building, constructed in 1939 and renovated three years ago, features two stories and sits on a 0.13-acre lot. The interior showcases professional art design and includes 8 draft beer taps, creating a visually appealing and functional space. The restaurant offers ample seating, accommodating 63 patrons indoors and an additional 25 outdoors on an attractive patio. Convenient on-street parking is readily available. The property includes two ADA-compliant bathrooms, an extra-large walk-in refrigerator, and a Type 1 hood, all essential for restaurant operations. The full basement adds significant storage capacity. The property is zoned BG and the lease is a NNN (Triple Net) lease with options for a 5-10 year term. This turnkey operation is ready for a new owner to continue its success or implement a fresh concept. The property's strong location and established infrastructure make it an attractive investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7209
    Latitude
    41.7579
    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
    $8,502
    $88,200
    $119,560
    $207,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $730,000
      6,310 SF

      727 Farmington Ave

      SHOW ROOM, WAREHOUSE • 6,310 SF
      727 Farmington Ave, West Hartford, CT 06119-1765
      View Details
    • Value Estimation
      $1,275,000
      8,348 SF

      854 Farmington Ave

      SHOW ROOM, WAREHOUSE • 8,348 SF
      854 Farmington Ave, West Hartford, CT 06119-1587
      View Details
    • Value Estimation
      $535,000
      4,602 SF

      779 Farmington Ave

      SHOW ROOM, WAREHOUSE • 4,602 SF
      779 Farmington Ave, West Hartford, CT 06119-1674
      View Details
    • Value Estimation by Request
      2,483 SF

      168 Park Rd

      SHOW ROOM, WAREHOUSE • 2,483 SF
      168 Park Rd, West Hartford, CT 06119-1755
      View Details
    • Value Estimation
      $735,000
      13,079 SF

      307 Park Rd

      SHOW ROOM, WAREHOUSE • 13,079 SF
      307 Park Rd, West Hartford, CT 06119-2021
      View Details
    • Value Estimation by Request
      2,278 SF

      32 Park Rd

      SHOW ROOM, WAREHOUSE • 2,278 SF
      32 Park Rd, West Hartford, CT 06119-1821
      View Details

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    • $2,100 /Mo

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    140 Park Rd
    West Hartford, CT 06119-1753
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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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