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Property profile & analytics
OFF-MARKET
Office buildings

244 Main St Farmington, CT 06032-2975

4,416 SF 0.37 ac lot Built 1940
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US15-0626534
Property summary
AI-generated overview

This newly constructed (2022) creative office space at 244 Main Street in Farmington, CT (06085) offers 1,800 square feet of immediately available space, with a minimum divisible unit of 1,083 square feet. The building, part of a recently completed redevelopment project, boasts a total of 5,264 square feet across two stories. The property features high-visibility Main Street frontage, significantly improved window design for abundant natural light, and all-new mechanical systems and technology for maximum efficiency and security. Each suite includes its own bathroom. The space is adaptable to a variety of professional office and service needs, and customization options are available. Parking is conveniently located in a connected lot shared with neighboring buildings, contributing to a pleasant village atmosphere. The property is zoned B-2 and situated in Hartford County. The building has no elevators. The parking ratio is 7.22 spaces per 1,000 square feet.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Total area 4,416 SF
Lot 0.37 ac (16,117 SF)
Zoning code B2
APN FARM M:0129 B:5-11600244ABC
UPID US15-0626534
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
  • Lombardi Gallery Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
244 LLC · 6 yrs held
244 LLC
since 2019
4 recorded transactions
2019
$749,000
1997
$200,000
1990
$35,000
1988
$126,280
Zoning & alternative use
B2 · Farmington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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