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    Property profile & analytics

    16 New Park Ave Hartford, CT 06106-6603

    • Investment properties
    • 3,429 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Last Sale
    Oct 09, 2020
    $200,000
    Location Intelligence
    Property ID
    US15-0617995
    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

    • Hogar Crea International of Ct Inc / Physical Therapist / Addiction Treatment Center
    • Altamirano Chiropractic Center / Chiropractor
    • the BOP Coffee Roastery / Coffee Roasters
    • Altamirano Law Firm / Law Firm

    Property Details for 16 New Park Ave

    Year built
    1897
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    3,429 SF
    Zone code
    MS-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    HTFD M:136 B:480 L:238
    APU
    HTFDM136B480L238

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $230,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $205,000
      Mixed-Use
      $235,000
      Hospitality
      $215,000
      Educational
      $210,000
      Residential Income
      $195,000
      Energy
      $245,000
      Income-Based Land
      $205,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7062
    Latitude
    41.7565
    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
    $12,409
    $26,040
    $153,930
    $179,970
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      71-73 Hillside Ave

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    • Value Estimation by Request
      185,576 SF

      140 Huyshope Ave, Unit 160

      OFFICE/RESIDENTIAL (MIXED USE) • 185,576 SF
      140 Huyshope Ave, Hartford, CT 06106-2857
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    • Value Estimation by Request
      4,008 SF

      884 Broad St, Unit 896

      OFFICE/RESIDENTIAL (MIXED USE) • 4,008 SF
      884 Broad St, Hartford, CT 06106-6413
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    • Value Estimation
      $525,000
      0.17 Acres

      1572 Park St, Unit 1574

      OFFICE/RESIDENTIAL (MIXED USE) • 0.17 Acres
      1572 Park St, Hartford, CT 06106-2153
      View Details
    • Value Estimation
      $1,740,000
      10,755 SF

      528 Park St, Unit 546

      OFFICE/RESIDENTIAL (MIXED USE) • 10,755 SF
      528 Park St, Hartford, CT 06106-1526
      View Details

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    16 New Park Ave
    Hartford, CT 06106-6603
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    Realmo Value Estimation

    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.

    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.

    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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