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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Hotels
255-257 Asylum St Hartford, CT 06103
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US15-0482436
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1872
Construction
STEEL FRAME
Total area
8,801 SF
Lot
0.05 ac (2,339 SF)
Zoning code
DT-3
APN
HTFD M:245 B:339 L:098
UPID
US15-0482436
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$515k
Owner & transaction history
Hotel Royal LLC · 18 yrs held
Hotel Royal LLC
since 2007
1 recorded transaction
Zoning & alternative use
DT-3 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$695,000
+78.0%
Auto repair, garage
$690,000
+77.0%
Apartment house (5+ units)
$660,000
+69.0%
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
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$390,000
Current use
RETAIL STORES
$695,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: +77% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$410,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$59 / 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
$50,336
Tax year 2023
Assessed value
$714,700
Assessed 2023
Previous assessed
$714,700
+0.0% YoY
Effective rate
7.04%
On assessed value
Assessed land
$69,650
Assessed improvement
$645,050
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1872
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
5
Units
35
Rooms
35
Total area
8,801 SF
Lot
0.05 ac (2,339 SF)
Zoning code
DT-3
APN
HTFD M:245 B:339 L:098
UPID
US15-0482436
Jurisdiction
HARTFORD
Zoning & alternative use
DT-3 · Hartford, CT
Zoning DT-3 · permitted uses
DT-3 · 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
HOTEL/MOTEL Current
Est. value
$390,000
RETAIL STORES
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
MEDICAL BUILDING
Est. value
$625,000
OFFICE BUILDING
Est. value
$530,000
INDUSTRIAL (GENERAL)
Est. value
$410,000
HOTEL/MOTEL Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1872
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
5
Buildings
1
Units
35
Rooms
35
Lot
0.05 ac
Current owner
From public records · entity-resolved
Hotel Royal LLC
Entity
Mailing address
255 ASYLUM ST, HARTFORD, CT 06103-1506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2007
—
Hotel Royal LLC
—
Deed Of Trust
related
$425,000 · Marjorie Morrissey
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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