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    Property profile & analytics

    227 Main St Portland, CT 06480-1858

    • Retail space
    • 9,639 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimation
    $1,850,000
    Last Sale
    Apr 29, 2021
    $1,790,000
    Location Intelligence
    Property ID
    US15-0415779
    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

    • LibertyX Bitcoin ATM / Atm
    • Walgreens Pharmacy / Pharmacy
    • Walgreens / Drug Store
    • Walgreens Photo / Photo Shop / Passport Photo Processor
    • Michael Zemaitis / Pharmacy

    Property Details for 227 Main St

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.74 lot acres
    Property size
    9,639 SF
    Zone code
    B3
    Property type
    Retail space
    APN
    PORT M:019 B:0060
    APU
    PORTM019B0060

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,860,000
      6.5%
      $1,635,000
      7%
      $1,690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,720,000
      Geo Method
      $1,805,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,890,000
      Retail
      $1,845,000
      Mixed-Use
      $1,720,000
      Hospitality
      $1,750,000
      Educational
      $2,045,000
      Residential Income
      $1,720,000
      Energy
      $2,065,000
      Income-Based Land
      $1,825,000
      Food Service
      $1,670,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6398
    Latitude
    41.5732
    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
    $42,931
    $278,950
    $1,043,630
    $1,322,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $480,000
      8,800 SF

      264 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,800 SF
      264 Main St, Portland, CT 06480-4820
      View Details
    • Value Estimation
      $330,000
      2,100 SF

      137 Marlborough St

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      137 Marlborough St, Portland, CT 06480-1832
      View Details
    • Value Estimation
      $195,000
      486 SF

      180 Marlborough St

      RETAIL STORES (PERSONAL SERVICES) • 486 SF
      180 Marlborough St, Portland, CT 06480-4808
      View Details
    • Value Estimation
      $325,000
      6,736 SF

      12 High St

      RETAIL STORES (PERSONAL SERVICES) • 6,736 SF
      12 High St, Portland, CT 06480-1617
      View Details
    • Value Estimation
      $235,000
      3,585 SF

      222 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,585 SF
      222 Main St, Portland, CT 06480-1861
      View Details
    • Value Estimation
      $345,000
      1,367 SF

      1106 Portland Cobalt Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,367 SF
      1106 Portland Cobalt Rd, Portland, CT 06480-1726
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $4,500 /Mo
      5,000 SF

      Prime Retail/Office Space Available

      5000 sqft retail/office space in high-traffic area.
      143 Marlborough St, Portland, CT 06480
      View Details
    • Contact for pricing
      9,982 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in mixed-use development.
      25 Marlborough St, Portland, CT 06480
      View Details
    • Contact for pricing
      4,602 SF

      New Mixed-Use Development Space

      Retail, restaurant, and office spaces available in Portland, Connecticut.
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      View Details
    • Contact for pricing
      10,242 SF

      Mixed-Use Development Retail Space

      Retail, medical, and office spaces available in new town center.
      69 Marlborough St, Portland, CT 06480
      View Details
    • Contact for pricing
      2,152 SF

      Mixed-Use Development in Portland, CT

      Commercial spaces for lease in new town center development.
      68 Marlborough St, Portland, CT 06480
      View Details
    • Contact for pricing
      5,244 SF

      New Mixed-Use Development Space

      Commercial spaces available in Portland, Connecticut's new town center.
      2 Perry Ave, Portland, CT 06480
      View Details
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    227 Main St
    Portland, CT 06480-1858
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    Realmo Value Estimation

    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.

    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.

    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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