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Property profile & analytics
FOR SALE
Showrooms
141 Main St, New Hartford, CT 06057
Individually Owned
21-yr Hold
Free & Clear
Property ID
US15-0578346
For Sale
1 / 6
$2,499,000
141 Main St, New Hartford, CT 06057
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents a highly successful, long-standing grocery store and accompanying 5.7-acre shopping center in New Hartford, Connecticut, listed at $3,299,000. The 42,516 square foot property boasts a recently remodeled main grocery store tenant, offering a wide array of products including groceries, baked goods, frozen foods, meats, deli items, and health and beauty products. The sale includes the land and business as a package
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,258 SF
Lot
5.7 ac (248,292 SF)
Zoning code
B-2
APN
NHAR M:044 B:013 L:20B
UPID
US15-0578346
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
Current use
Occupant on record · Public records
-
New Hartford Diner Restaurant
-
Bamboo Asian Cuisine Restaurant
-
Foothills Shopping Plaza Shopping Center Shopping Center & Mall
-
Northwest Tattoo Company Tattoo & Piercing Shop
-
Non-Stop Ballroom Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.58M
Owner & transaction history
John P Marandino · 21 yrs held
John P Marandino
since 2004
Last sale
$2.5M
1 recorded transaction
Zoning & alternative use
B-2 · New 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 New Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New 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
$2,545,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10% · vs last sale $2.45M (Dec 21 2020)
Last sale anchor
$2.45M
Dec 21 2020
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
$67 / 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
$45,867
Tax year 2023
Assessed value
$1,389,080
Assessed 2023
Previous assessed
$1,389,080
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$219,030
Assessed improvement
$1,170,050
Applied tax rate
220.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
8
Rooms
16
Bathrooms
1
Total area
38,258 SF
Lot
5.7 ac (248,292 SF)
Zoning code
B-2
APN
NHAR M:044 B:013 L:20B
UPID
US15-0578346
Jurisdiction
NEW HARTFORD
Zoning & alternative use
B-2 · New Hartford, CT
Zoning B-2 · permitted uses
B-2 · New Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hartford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
8
Rooms
16
Bathrooms
1
Lot
5.7 ac
Current owner
From public records · entity-resolved
John P Marandino
Individual
Free & Clear · 21 yrs held
Mailing address
141 MAIN ST, NEW HARTFORD, CT 06057-2747
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2004
$352,800
John P Marandino
Marandino,evelyn M
Warranty Deed
related
—
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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