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Property profile & analytics
OFF-MARKET
Medical Office Space
18-20 Grand St, Hartford, CT 06106
Individually Owned
10-yr Hold
Free & Clear
Property ID
US15-0296853
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Construction
STEEL FRAME
Total area
5,862 SF
Lot
0.17 ac (7,449 SF)
Zoning code
MX-1
APN
HTFD M:225 B:436 L:086
UPID
US15-0296853
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard Zayas · 10 yrs held
Richard Zayas
since 2015
3 recorded transactions
Zoning & alternative use
MX-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,045
Tax year 2023
Assessed value
$276,220
Assessed 2023
Previous assessed
$276,220
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$22,050
Assessed improvement
$254,170
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1952
Construction
STEEL FRAME
Heating
ELECTRIC
Buildings
1
Stories
2
Total area
5,862 SF
Lot
0.17 ac (7,449 SF)
Zoning code
MX-1
APN
HTFD M:225 B:436 L:086
UPID
US15-0296853
Jurisdiction
HARTFORD
Zoning & alternative use
MX-1 · Hartford, CT
Zoning MX-1 · permitted uses
MX-1 · 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.
Building & site characteristics
From public records
Year built
1952
Construction
STEEL FRAME
Heating
ELECTRIC
Stories
2
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Richard Zayas
Individual
Free & Clear · 10 yrs held
Mailing address
20 GRAND ST, HARTFORD, CT 06106-1560
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2015
$178,000
Richard Zayas
Chilidog Dev LLC
Warranty Deed
—
May 15, 2002
$225,000
Childog Dev Co
Fhss Associates
Warranty Deed
$300,000 · Bancnorth Mortgage Co
Aug 19, 1988
$46,875
Michael S Schwefer
Kreuolin,milton
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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