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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Office buildings
287-289 Capitol Ave Hartford, CT 06106
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0420537
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1870
Construction
FRAME
Total area
4,301 SF
Lot
0.12 ac (5,131 SF)
Zoning code
MX-1
APN
HTFD M:224 B:435 L:011
UPID
US15-0420537
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$398k
Blend (final)
Blend
$645k
Owner & transaction history
Patricia Leshane · 6 yrs held
Patricia Leshane
since 2020
4 recorded transactions
Zoning & alternative use
MX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$435,000
+73.5%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$435,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$150 / 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
$15,532
Tax year 2023
Assessed value
$225,260
Assessed 2023
Previous assessed
$225,260
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$14,350
Assessed improvement
$210,910
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1870
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Total area
4,301 SF
Lot
0.12 ac (5,131 SF)
Zoning code
MX-1
APN
HTFD M:224 B:435 L:011
UPID
US15-0420537
Jurisdiction
HARTFORD
Zoning & alternative use
MX-1 · Hartford, CT
Zoning MX-1 · permitted uses
MX-1 · 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
RETAIL STORES
Est. value
$435,000
RETAIL STORES
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
1870
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Patricia Leshane
Individual
Mailing address
287 CAPITOL AVE, HARTFORD, CT 06106-1503
Ownership since
2020
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
Feb 10, 2020
—
Patricia Leshane
287 289 Cptol Ave LLC
Quit Claim Deed
related
$251,000 · Keybank USA
Sep 2, 2009
$1
287-289 Capitol Ave LLC
Leshare,patricia
Grant Deed
related
—
Jul 9, 2009
—
Patricia Roland Leshane
—
Deed Of Trust
related
$200,000 · Farmington Savings Bank
Mar 14, 2002
—
Patricia Leshane
—
Deed Of Trust
related
$175,000 · Webster Bank
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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