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Property profile & analytics
OFF-MARKET
Estimated value
$12,220,000
Grocery and convenience stores
150 New Park Ave, Hartford, CT 06106-6602
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US15-1028202
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Construction
STEEL FRAME
Total area
79,462 SF
Lot
9.63 ac (419,696 SF)
Zoning code
MS-3
APN
HTFD M:137 B:482 L:136
UPID
US15-1028202
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
-
Stop & Shop Pharmacy Pharmacy
-
Stop & Shop Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
-
higi Physician
-
M&T Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.82M
Comparable Approach
Comparable
$11.57M
Blend (final)
Blend
$12.22M
Owner & transaction history
Rehold Hartford LLC · 25 yrs held
Rehold Hartford LLC
since 2001
1 recorded transaction
Zoning & alternative use
MS-3 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.6M
+69.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,970,000
6.5%
$13,815,000
7%
$12,830,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,030,000
Current use
RESTAURANT
$13,585,000
Change: +69% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,870,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$12.22M
Range $11.00M – $13.44M · ±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
$154 / 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
$432,068
Tax year 2023
Assessed value
$6,266,400
Assessed 2023
Previous assessed
$6,266,400
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$1,449,840
Assessed improvement
$4,816,560
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
79,462 SF
Lot
9.63 ac (419,696 SF)
Zoning code
MS-3
APN
HTFD M:137 B:482 L:136
UPID
US15-1028202
Jurisdiction
HARTFORD
Zoning & alternative use
MS-3 · Hartford, CT
Zoning MS-3 · permitted uses
MS-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
RETAIL STORES Current
Est. value
$8.0M
RESTAURANT
Est. value
$13.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
9.63 ac
Current owner
From public records · entity-resolved
Rehold Hartford LLC
Entity
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
Ownership since
2001
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
Feb 21, 2001
$10,305,000
Rehold Hartford LLC
Montowese Ind Pk
Warranty Deed
$10,211,143 · First Union National Bank
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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