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Property profile & analytics

276 Main St Farmington, CT 06032-3624

  • Office buildings
  • 4,264 SF
  • 0.37 lot acres
OFF-MARKET
Last Sale
Jan 13, 2022
$500,000
Value Estimations
$485,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US15-0070994
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

  • Padgett Business Services / Tax Preparation / Bookkeeping Service
  • Ink hair bar / Hair Salon
  • Nationwide Insurance: Joseph M Proud III / Auto Insurance Agency / Home Insurance Agency
  • SIG Insurance Agency - A Relation Company / Insurance Agency
  • Society Financial Corporation / Mortgage Lender

Property Details for 276 Main St

Year built
1965
Lot size
0.37 lot acres
Property size
4,264 SF
Zone code
BR
Property type
Office buildings
APN
FARM M:0129 B:1
APU
FARMM0129B1

Description

This exceptional 4,267 square foot commercial building presents a unique investment opportunity in the thriving Farmington, CT business district. Situated on a 0.37-acre lot at 276 Main Street, this fully remodeled property boasts four separate commercial spaces, each with its own private entrance. This versatile layout is perfect for owner-occupiers seeking to establish their business or investors aiming for a strong income stream. The building's prime location on a high-traffic street, with a daily car count exceeding 12,000, guarantees exceptional visibility and accessibility for tenants. This translates to significant marketing advantages and increased potential for attracting a diverse range of businesses. The property's modern design is complemented by a state-of-the-art smart video security system, ensuring a secure and technologically advanced environment for all occupants. The building's strong location, combined with its flexible layout and modern amenities, makes it an attractive proposition for a variety of commercial uses, promising a solid return on investment. The asking price for this exceptional property is $700,000. This represents a compelling opportunity to acquire a well-maintained, income-producing asset in a highly desirable location within a robust and growing market. The building's modern features and strategic location combine to create a truly exceptional investment opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $500,000
    ML approach
    $480,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $426,000
    Market price range: $423k - $639k
    AI Estimate
    $310,000
    Market price range: $127k - $562k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $480,000
    Current use
    RETAIL STORES
    $490,000
    Change: +3% Conversion: Moderate
    AUTO REPAIR, GARAGE
    $430,000
    Change: -11% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $405,000
    Change: -16% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Farmington
County
Hartford
State
Connecticut
Longitude
-72.8426
Latitude
41.708
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
2023
$7,450
$180,880
$126,840
$307,720
-
$0.00
$0.00
$0.00
More about this property
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