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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Showrooms
203 Locust St Hartford, CT 06114-2008
Individually Owned
35-yr Hold
~
Est. High Equity
Property ID
US15-0455684
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Construction
FRAME
Total area
7,616 SF
Lot
0.51 ac (22,399 SF)
Zoning code
ID-1
APN
HTFD M:297 B:690 L:001
UPID
US15-0455684
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
-
Paydata Inc Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$515k
Owner & transaction history
Joseph Casserino · 35 yrs held
Joseph Casserino
since 1991
4 recorded transactions
Zoning & alternative use
ID-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ment and supply uses, and bars and nightclubs. Industrial (ID) The ID districts provide areas within the city for more intensive manufacturing, warehousing, and distribution in larger-scale Workshop/Warehouse Buildings. ID-1 The purpose of the ID-1 industrial district in the city is to provide for medium to heavy industry characterized by a minimum of noise,…
Zone name
Industrial 1
General category
INDUSTRIAL
Zone area
1,224.59 ac
Source
zoning regulations
Top alternative use upside
Retail stores
$770,000
+38.5%
Auto repair, garage
$680,000
+22.8%
Office building
$570,000
+3.0%
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
$325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$555,000
Current use
RETAIL STORES
$770,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$680,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: +3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$565,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$68 / 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
$23,331
Tax year 2023
Assessed value
$338,380
Assessed 2023
Previous assessed
$338,380
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$84,910
Assessed improvement
$253,470
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1965
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
7,616 SF
Lot
0.51 ac (22,399 SF)
Zoning code
ID-1
APN
HTFD M:297 B:690 L:001
UPID
US15-0455684
Jurisdiction
HARTFORD
Zoning & alternative use
ID-1 · Hartford, CTZoning ID-1 · permitted uses
ID-1 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ment and supply uses, and bars and nightclubs. Industrial (ID) The ID districts provide areas within the city for more intensive manufacturing, warehousing, and distribution in larger-scale Workshop/Warehouse Buildings. ID-1 The purpose of the ID-1 industrial district in the city is to provide for medium to heavy industry characterized by a minimum of noise, odor, glare, and pollution, and by moderate traffic upon the public streets. It is
Zone name
Industrial 1
General category
INDUSTRIAL
Zone area
1,224.59 ac
Source
zoning regulations
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$555,000
RETAIL STORES
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING
Est. value
$570,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$565,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1965
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Joseph Casserino
Individual
Mailing address
203 LOCUST ST, HARTFORD, CT 06114-2008
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Kingstown Green INC
—
Deed
related
$442,000 · Cooperativer Fund Of
Jan 31, 2000
—
203 Locust St LLC
—
Deed Of Trust
related
$100,000 · Thomas Podkulski
Jul 30, 1991
$300,000
Joseph Casserino
Brescia,william C
Warranty Deed
$150,000 · Zenon Grzybowski
Dec 7, 1990
$74,842
William C Brescia
Rhotem,carey D
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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