Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    238 Main St East Windsor, CT 06088-9752

    • Turn key restaurants
    • 2,290 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0399325
    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

    • Hotcakes Family Restaurant / Family Restaurant / Breakfast Restaurant

    Property Details for 238 Main St

    Year built
    1994
    Construction
    FRAME
    Lot size
    1.10 lot acres
    Property size
    2,290 SF
    Zone code
    M-1
    Property type
    Turn key restaurants
    APN
    EWIN M:12 B:5 L:85
    APU
    EWINM12B5L85

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $347,000
      Market price range: $196k - $659k
      AI Estimate
      $236,000
      Market price range: $153k - $378k

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

    Location Insight

    • Map
    • Local Demand
    City
    East Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6099
    Latitude
    41.877
    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
    2022
    $10,512
    $88,550
    $200,790
    $289,340
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      572 SF

      301 Main St

      RESTAURANT • 572 SF
      301 Main St, East Windsor, CT 06088-9746
      View Details
    • Value Estimation
      $425,000
      9,862 SF

      145 Prospect Hl Rd

      RESTAURANT • 9,862 SF
      145 Prospect Hl Rd, East Windsor, CT 06088-3610
      View Details
    • Value Estimation
      $495,000
      3,413 SF

      172 Brg St

      RESTAURANT • 3,413 SF
      172 Brg St, East Windsor, CT 06088-9548
      View Details
    • Value Estimation
      $320,000
      3,000 SF

      18 Mullen Rd

      RESTAURANT • 3,000 SF
      18 Mullen Rd, East Windsor, CT 06088-9549
      View Details
    • Value Estimation
      $1,065,000
      1,452 SF

      75 Main St

      RESTAURANT • 1,452 SF
      75 Main St, East Windsor, CT 06088-9799
      View Details
    • Value Estimation
      $480,000
      3,082 SF

      45 Prospect Hl Rd

      RESTAURANT • 3,082 SF
      45 Prospect Hl Rd, East Windsor, CT 06088-3605
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.73 Acres

      East Windsor Development Opportunity

      1.73-acre prime commercial land, I-91 access.
      39 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • Contact for pricing

      East Windsor Industrial Land Available

      13.02 acre industrial site suitable for various uses.
      10 Craftsman Rd, East Windsor, CT 06088
      View Details
    • $1,590,000
      19,934 SF

      East Windsor Flex Building For Sale

      19,934 SF flex building with highway access.
      6 Craftsman Rd, East Windsor, CT 06088
      View Details
    • $325,000
      1,588 SF

      Mixed-Use Property Near I-91

      Mixed-use property with access to I-91, Bradley Airport.
      143 Bridge St, East Windsor, CT 06088
      View Details
    • $74,925

      East Windsor 1-Acre Lot

      Prime lot near Connecticut River, zoned A-2.
      North Water St, East Windsor, CT 06088
      View Details
    • $624,900
      Pending

      Versatile East Windsor Mixed-Use Property

      Mixed-use property with residential and business/agricultural potential.
      46 Newberry Rd, East Windsor, CT 06088
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,200 SF

      East Windsor Office Space for Lease

      1200 sq ft Office/Retail in prime location
      0 2Nd St, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,200 SF

      East Windsor Office Space for Lease

      1200 SF Office/Retail Space in Prime Location
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,800 SF

      East Windsor Office Space for Lease

      1800 sq ft, prime location, high traffic
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,800 SF

      East Windsor Commercial Space Available

      1,800 SF space suitable for office, medical, or retail use.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • $16 SF/Yr
      1,200 SF

      East Windsor Commercial Space Available

      1,200 SF retail, office, or medical space for lease.
      122 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    • Contact for pricing
      2,316 SF

      East Windsor Commercial Building For Lease

      7,352 SF commercial building ideal for retail or office.
      137 Prospect Hill Rd, East Windsor, CT 06088
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    238 Main St
    East Windsor, CT 06088-9752
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.