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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Office buildings
140 Trumbull St 150 Hartford, CT 06103-2406
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0733865
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
STEEL FRAME
Total area
50,694 SF
Lot
0.23 ac (9,866 SF)
Zoning code
DT-3
APN
HTFD M:245 B:346 L:127
UPID
US15-0733865
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
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.37M
Owner & transaction history
Sgs 150 Trumbull LLC · 4 yrs held
Sgs 150 Trumbull LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
DT-3 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$2,735,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,810,000
Current use
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.35M (Aug 3 2021)
Last sale anchor
$2.35M
Aug 3 2021
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
$47 / SF
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
$92,139
Tax year 2023
Assessed value
$1,308,230
Assessed 2023
Previous assessed
$1,308,230
+0.0% YoY
Effective rate
7.04%
On assessed value
Assessed land
$293,510
Assessed improvement
$1,014,720
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
6
Total area
50,694 SF
Lot
0.23 ac (9,866 SF)
Zoning code
DT-3
APN
HTFD M:245 B:346 L:127
UPID
US15-0733865
Jurisdiction
HARTFORD
Zoning & alternative use
DT-3 · Hartford, CT
Zoning DT-3 · permitted uses
DT-3 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.8M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Sgs 150 Trumbull LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2362 NOSTRAND AVE APT #7, BROOKLYN, NY 11210-3807
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$2,350,000
Sgs 150 Trumbull LLC
150 Trumbull St Assoc LP
Warranty Deed
—
Apr 21, 2011
—
150 Trumbull Street Assoc
—
Deed Of Trust
related
$1,000,000 · Thomas A Ricchi
Apr 12, 2001
—
Trumbull St. Asc LP
—
Deed Of Trust
related
$130,000 · First Massachusetts Bank
Aug 22, 1997
—
150 Trumbull St. Assoc
—
Deed Of Trust
related
$1,500,000 · Glastonbury Bank & Trust
Apr 11, 1997
—
150 Trumbull St. Assoc
—
Deed Of Trust
related
$200,000 · First Bank West Hartford
Apr 15, 1994
—
Associates LP
—
Deed Of Trust
related
$400,000 · Peoples Bank
Dec 3, 1993
—
150 Trumbull St. Assn
—
Deed Of Trust
related
$200,000 · Raymond Esposito
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.
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