New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,155,000
Showrooms
2550 Albany Ave, West Hartford, CT 06117-2335
Entity Owned
36-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0688971
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Construction
STEEL FRAME
Total area
40,227 SF
Lot
4.18 ac (182,081 SF)
Zoning code
SDD/BG
APN
WHAR M:E4 B:0031 L:2550
UPID
US15-0688971
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
-
Pivotal Minerap Laboratories Business Management Consultant
-
Amazon Locker - Allyson Postal Service Courier Service
-
Staples Print & Marketing Services (Bike/Boat/Book/etc) Store Printing Service
-
Elder Solutions, LLC Geriatric Care Provider Nursing Home
-
Hollywoods Finest Luxury Apparel Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.89M
Comparable Approach
Comparable
$5.71M
Blend (final)
Blend
$7.16M
Owner & transaction history
Bishops Corner/fl LP · 36 yrs held
Bishops Corner/fl LP
since 1990
5 recorded transactions
Zoning & alternative use
SDD/BG · West Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+95.5%
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 West Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,550,000
6.5%
$7,890,000
7%
$7,325,000
Alternative Use
Use
Estimation
RESTAURANT
$6,880,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$7.16M
Range $6.44M – $7.87M · ±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
$178 / 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
$424,793
Tax year 2023
Assessed value
$10,381,070
Assessed 2023
Previous assessed
$10,381,070
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$4,384,100
Assessed improvement
$5,996,970
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Total area
40,227 SF
Lot
4.18 ac (182,081 SF)
Zoning code
SDD/BG
APN
WHAR M:E4 B:0031 L:2550
UPID
US15-0688971
Jurisdiction
WEST HARTFORD
Zoning & alternative use
SDD/BG · West Hartford, CT
Zoning SDD/BG · permitted uses
SDD/BG · West Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.9M
RESTAURANT
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
1968
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
4.18 ac
Current owner
From public records · entity-resolved
Bishops Corner/fl LP
Entity
Free & Clear · 36 yrs held
Mailing address
231 FARMINGTON AVE, FARMINGTON, CT 06032-1940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
Bishops Plaza LLC
—
Deed
related
$10,000,000 · Peoplesbank (holyoke Ma)
Aug 1, 2006
—
Bishops Plaza LLC
—
Deed Of Trust
related
$925,000 · Peoples Bank
Dec 23, 1996
—
Charles Gersten
—
Deed Of Trust
related
$2,800,000 · Usg Annuitra Life Co
Jul 28, 1995
—
Mpongon,susan Tr
—
Deed Of Trust
related
$2,500,000 · Equity Bank
Jan 30, 1990
$2,175,000
Bishops Corner/fl LP
Konover,theodore
Grant Deed
—
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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