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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Showrooms
221 Governor St, East Hartford, CT 06108-2149
Entity Owned
24-yr Hold
Free & Clear
Property ID
US15-0645290
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2002
Construction
STEEL FRAME
Total area
25,688 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B-3
APN
EHAR M:5 L:157
UPID
US15-0645290
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
-
Gengras Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
-
Hartford Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
-
EagleRider Motorcycle Rentals and Tours East Hartford Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.75M
Owner & transaction history
Governor St LLC · 24 yrs held
Governor St LLC
since 2001
4 recorded transactions
Zoning & alternative use
B-3 · East Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+135.1%
Retail stores
$2.6M
+38.9%
Apartment house (5+ units)
$2.6M
+37.7%
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 East Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
COMMERCIAL (GENERAL)
$1,870,000
Current use
RESTAURANT
$4,390,000
Change: +135% · Conversion: Difficult
RETAIL STORES
$2,595,000
Change: +39% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,570,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,300,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,930,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±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
$107 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$102,265
Tax year 2024
Assessed value
$2,324,210
Assessed 2024
Previous assessed
$2,324,210
+0.0% YoY
Effective rate
4.40%
On assessed value
Assessed land
$103,940
Assessed improvement
$2,220,270
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Total area
25,688 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B-3
APN
EHAR M:5 L:157
UPID
US15-0645290
Jurisdiction
EAST HARTFORD
Zoning & alternative use
B-3 · East Hartford, CT
Zoning B-3 · permitted uses
B-3 · East Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$4.4M
RETAIL STORES
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Governor St LLC
Entity
Free & Clear · 24 yrs held
Mailing address
60 HARTLAND ST, EAST HARTFORD, CT 06108-3250
Ownership since
2001
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
Feb 3, 2012
—
221 Governor Street LLC
—
Deed Of Trust
related
$1,990,000 · Ally Bank
Apr 8, 2008
—
221 Governor Street LLC
—
Deed Of Trust
related
$10,000,000 · Sovereign Bank
Mar 18, 2004
—
221 Governor Street LLC
—
Deed Of Trust
related
$6,000,000 · Sovereign Bank
Sep 19, 2001
$540,000
Governor St LLC
Stefanik,paul J
Warranty 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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