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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Industrial properties
197 Wawarme Ave Hartford, CT 06114-1507
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0101967
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
STEEL FRAME
Total area
52,415 SF
Lot
3.11 ac (135,472 SF)
Zoning code
CX-1
APN
HTFD M:296 B:582 L:017
UPID
US15-0101967
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
-
BENDER Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.24M
Owner & transaction history
Rose Of Sharon LLC · 14 yrs held
Rose Of Sharon LLC
since 2012
2 recorded transactions
Zoning & alternative use
CX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ial Mix (CX) The CX districts are situated along commercial corridors that are transitioning from a historically industrial past. Flexible regulations encourage the re-use of traditional warehouse and factory buildings. CX-1 The CX-1 district is intended to allow an innovative mix of office, residential, and low intensity industrial uses, along with supporti…
Zone name
Commercial And Industrial Mix 1
General category
INDUSTRIAL
Zone area
312.15 ac
Source
zoning regulations
Top alternative use upside
Warehouse, storage
$2.9M
+3.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,830,000
Current use
WAREHOUSE, STORAGE
$2,925,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±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
$43 / 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
$113,186
Tax year 2023
Assessed value
$1,641,570
Assessed 2023
Previous assessed
$1,641,570
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$513,520
Assessed improvement
$1,128,050
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
52,415 SF
Lot
3.11 ac (135,472 SF)
Zoning code
CX-1
APN
HTFD M:296 B:582 L:017
UPID
US15-0101967
Jurisdiction
HARTFORD
Zoning & alternative use
CX-1 · Hartford, CTZoning CX-1 · permitted uses
CX-1 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ial Mix (CX) The CX districts are situated along commercial corridors that are transitioning from a historically industrial past. Flexible regulations encourage the re-use of traditional warehouse and factory buildings. CX-1 The CX-1 district is intended to allow an innovative mix of office, residential, and low intensity industrial uses, along with supporting retail and service uses. The form of the area includes large-scale traditional wa
Zone name
Commercial And Industrial Mix 1
General category
INDUSTRIAL
Zone area
312.15 ac
Source
zoning regulations
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
Rose Of Sharon LLC
Entity
Mailing address
155 S LEONARD ST, WATERBURY, CT 06708-4246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2012
—
Rose Of Sharon LLC
—
Deed Of Trust
related
$1,402,576 · Webster Bank
Oct 25, 2010
—
Joseph Rangasammy
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Mortgage
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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