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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Investment properties
252 Franklin Ave Hartford, CT 06114-1847
Entity Owned
3-yr Hold
Property ID
US15-0448731
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Construction
FRAME
Total area
5,670 SF
Lot
0.17 ac (7,501 SF)
Zoning code
MS-2
APN
HTFD M:251 B:679 L:239
UPID
US15-0448731
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
-
Touch Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$725k
Owner & transaction history
New Britain LLC · 3 yrs held
New Britain LLC
since 2023
Last sale
$852,752
4 recorded transactions
Zoning & alternative use
MS-2 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+134.4%
Retail stores
$575,000
+38.5%
Auto repair, garage
$510,000
+22.8%
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
$710,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$970,000
Change: +134% · Conversion: Difficult
RETAIL STORES
$575,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$510,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $853k (Jan 23 2026)
Last sale anchor
$853k
Jan 23 2026
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
$128 / 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
$19,084
Tax year 2023
Assessed value
$276,780
Assessed 2023
Previous assessed
$276,780
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$39,900
Assessed improvement
$236,880
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
8
Rooms
18
Total area
5,670 SF
Lot
0.17 ac (7,501 SF)
Zoning code
MS-2
APN
HTFD M:251 B:679 L:239
UPID
US15-0448731
Jurisdiction
HARTFORD
Zoning & alternative use
MS-2 · Hartford, CT
Zoning MS-2 · permitted uses
MS-2 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$970,000
RETAIL STORES
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1915
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
8
Rooms
18
Lot
0.17 ac
Current owner
From public records · entity-resolved
New Britain LLC
Entity
Mailing address
252 FRANKLIN AVE, HARTFORD, CT 06114-1847
Ownership since
2023
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
May 1, 2023
$675,000
New Britain LLC
252 Franklin Realty LLC
Warranty Deed
$500,000 · Webster Bank
Feb 1, 2022
$550,000
252 Franklin Realty LLC
Pham LLC
Warranty Deed
$490,000 · Broadview Capital LLC
Apr 1, 2020
$215,000
Pham LLC
Whitebrook Realty LLC
Warranty Deed
$161,250 · Td Bank NA
—
—
Whitebrook Realty LLC
—
Deed Of Trust
related
$183,698 · Collins Medical Assoc
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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