Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    155 Service Rd Hartford, CT 06120-1503
    Back to Search
    Property profile & analytics

    155 Service Rd, Hartford, CT 06120-1503

    View on Map
    • Auto shops
    • 17,480 SF
    • 1.26 lot acres
    Off-Market
    Property ID
    US15-0405578
    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
    $1,955,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 155 Service Rd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.26 lot acres
    Zone code
    ID-1
    Property type
    Auto shops
    APN
    HTFD M:306 B:124 L:009
    APU
    HTFDM306B124L009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 20, 2021 — 165 West Svcs Road LLC — Deed · related $5.8M · Ally Bank
    Nov 7, 2012 — 165 W Service Road LLC — Deed Of Trust · related $5.3M · Nissan Motor Acceptance Corp
    May 9, 2005 $690,000 165 West Svc Road LLC Waltz Booth Exchange LLC Warranty Deed —
    Feb 11, 1998 $436,000 Booth Waltz Ent Booth J Walker JR Est Grant Deed · related $125k · Glastonbury Bank & Trust
    Jan 28, 1992 — Booth J Walker JR. — Deed Of Trust · related $75k · Glastonbury Bk & Tr
    Nov 22, 1991 — Booth J Walker JR. — Deed Of Trust · related $75k · Glastonbury Bk & Tr
    Aug 16, 1990 — Booth J Walker JR. — Deed Of Trust · related $100k · Glastonbury Bk & Tr
    Dec 18, 1989 — J Walker Booth — Deed Of Trust · related $100k · Glastonbury Bk & Tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,989,000
      Market price range: $1.38M - $1.99M
      AI Estimate
      $1,924,000
      Market price range: $382k - $1.92M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,565,000
      Current use
      RESTAURANT
      $2,990,000
      Change: +91% Conversion: Difficult
      RETAIL STORES
      $1,765,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,530,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $1,315,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6574
    Latitude
    41.7912
    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
    $126,290
    $277,900
    $1,553,720
    $1,831,620
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,040,000
      45,470 SF

      135 Service Rd

      AUTO REPAIR, GARAGE
      135 Service Rd, Hartford, CT 06120-1503
      View Details
    • Value Estimation
      $2,660,000
      23,760 SF

      165 Service Rd

      AUTO REPAIR, GARAGE
      165 Service Rd, Hartford, CT 06120-1503
      View Details
    • Value Estimation by Request
      2,044 SF

      3054 Main St

      AUTO REPAIR, GARAGE
      3054 Main St, Hartford, CT 06120-1428
      View Details
    • Value Estimation
      $3,115,000
      28,364 SF

      77 Leibert Rd

      AUTO REPAIR, GARAGE
      77 Leibert Rd, Hartford, CT 06120-1618
      View Details
    • Value Estimation by Request
      3,671 SF

      240 Walnut St

      AUTO REPAIR, GARAGE
      240 Walnut St, Hartford, CT 06120-2833
      View Details
    • Value Estimation
      $2,140,000
      19,485 SF

      150 Weston St

      AUTO REPAIR, GARAGE
      150 Weston St, Hartford, CT 06120-1512
      View Details

    Similar Nearby for Sale

    • $459,900
      10,272 SF

      Multi-Level Commercial Gem in Hartford

      Versatile 10,000+ sq ft commercial space in vibrant Hartford.
      2404 Main St, Hartford, CT 06120
      View Details
    • $459,900

      Hartford Commercial Gem on Main

      Multi-level commercial property with versatile space in Hartford.
      2404 Main St, Hartford, CT 06120
      View Details
    • Contact for pricing

      Retail Property for Sale

      Retail property available for purchase in Hartford, Connecticut.
      102 Weston St, Hartford, CT 06120
      View Details
    • $464,900
      10,272 SF

      Hartford Commercial Gem on Main

      Multi-level commercial property with versatile space and updated infrastructure.
      2404 Main St, Hartford, CT 06120
      View Details
    • $464,900
      10,272 SF

      Hartford Mixed-Use Commercial Gem

      Versatile 10,000+ sq ft property ideal for entrepreneurs.
      2404 Main St, Hartford, CT 06120
      View Details
    • Contact for pricing

      Iconic Industrial Building

      Well-maintained 86,000 SF industrial building with versatile layout.
      830 Windsor St, Hartford, CT 06120
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,647 SF

      Retail Space in Hartford

      Retail space available for lease in Hartford, Connecticut.
      50 Morgan St, Hartford, CT 06120
      View Details
    • $17 SF/Yr
      7,647 SF

      Restaurant Space in Downtown Hartford

      Centrally located restaurant space for lease near Dunkin' Park.
      50 Morgan St, Hartford, CT 06120
      View Details
    • $1,700 /Mo

      Updated Second Floor Unit

      Second floor unit with modern updates and off-street parking.
      26-28 Lenox St, Hartford, CT 06120
      View Details
    • $18 SF/Yr
      1,570 SF

      Hartford Flex Space For Rent

      Flex/office/retail space with drive-in doors and loading dock access.
      92 Weston St, Hartford, CT 06120
      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.
    155 Service Rd
    Hartford, CT 06120-1503
    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
    155 Service Rd, Hartford, CT, 06120
    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!