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    Property profile & analytics

    2 Main St Plainville, CT 06062-1970

    • Investment properties
    • 27,961 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-1252605
    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

    • Flipping and Stones / Furniture Accessories
    • Iglesia Pentecostal Bajo su Gracia Inc. / Pentecostal Church

    Property Details for 2 Main St

    Year built
    1920
    Construction
    STEEL FRAME
    Lot size
    0.62 lot acres
    Property size
    27,961 SF
    Zone code
    CC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PLAI M:29 B:A L:05
    APU
    PLAIM29BAL05

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $750,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,231,000
      Market price range: $1.23M - $3.88M

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8666
    Latitude
    41.671
    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
    $18,176
    $79,310
    $499,170
    $578,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      0.60 Acres

      369 Farmington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.60 Acres
      369 Farmington Ave, Plainville, CT 06062-1322
      View Details
    • Value Estimation
      $280,000
      6,011 SF

      100 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,011 SF
      100 Main St, Plainville, CT 06062-4900
      View Details
    • Value Estimation
      $260,000
      2,538 SF

      112 New Britain Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,538 SF
      112 New Britain Ave, Plainville, CT 06062-2019
      View Details
    • Value Estimation
      $375,000
      8,512 SF

      144 New Britain Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,512 SF
      144 New Britain Ave, Plainville, CT 06062-2063
      View Details
    • Value Estimation
      $570,000
      15,612 SF

      36 Whiting St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,612 SF
      36 Whiting St, Plainville, CT 06062-3323
      View Details
    • Value Estimation
      $695,000
      32,830 SF

      1 Whiting St

      OFFICE/RESIDENTIAL (MIXED USE) • 32,830 SF
      1 Whiting St, Plainville, CT 06062-2218
      View Details

    Similar Nearby for Sale

    • $100,000
      0.34 Acres

      Established Plainville Business Opportunity

      Profitable Auto & Home Services Business
      20 Race Ave, Plainville, CT 06062
      View Details
    • $6,500,000
      Pending

      Fully Leased Retail & Office Plaza

      NNN investment property in central Connecticut, fully leased and stabilized.
      17 Farmington Ave, Plainville, CT 06062
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    • $1,625,000

      Plainville Mixed-Use Investment Opportunity

      13-unit mixed-use property with 12 apartments and 1 commercial unit.
      77 E Main St, Plainville, CT 06062
      View Details
    • $2,750,000
      32,830 SF

      Mixed-Use Property in Downtown Plainville

      Mixed-use property with residential and retail units in Plainville.
      1 Whiting St, Plainville, CT 06062
      View Details
    • $189,900

      Plainville Specialty Property For Sale

      Specialty property available for purchase in Plainville, Connecticut.
      27 School St, Plainville, CT 06062
      View Details
    • $429,000

      Plainville Specialty Property For Sale

      Specialty property available for purchase in Plainville, Connecticut.
      18 Timber Hill Rd, Plainville, CT 06062
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    Similar Nearby for Lease

    • Contact for pricing
      3,845 SF

      Retail Space Near I-84

      Retail space available in Plainville, close to I-84.
      14 Farmington Ave, Plainville, CT 06062
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space Near I-84

      Neighborhood strip center near I-84 and major retailers.
      275 New Britain Ave, Plainville, CT 06062
      View Details
    • Contact for pricing

      Plainville Office Building For Rent

      Single-story office building near Farmington Industrial Park, totaling 43,444 SF.
      80 Spring Ln, Plainville, CT 06062
      View Details
    • $450 /Mo
      450 SF

      Self Storage Units For Lease

      12x40 self storage units available, ideal for businesses.
      76 Broad St, Plainville, CT 06062
      View Details
    • $1,950 /Mo

      Remodeled Two-Bedroom Apartment For Rent

      Newly remodeled two-bedroom apartment with modern amenities and convenient location.
      100 Norton Park Rd, Plainville, CT 06062
      View Details
    • $950 /Mo

      Warehouse and Distribution Space Available

      Two spaces available for lease, ideal for storage and distribution.
      17 N Washington St, Plainville, CT 06062
      View Details
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    2 Main St
    Plainville, CT 06062-1970
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    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
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