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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Showrooms
295 Murphy Rd Hartford, CT 06114-2100
Entity Owned
16-yr Hold
Free & Clear
Property ID
US15-0995964
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1967
Construction
STEEL FRAME
Total area
22,914 SF
Lot
1.23 ac (53,579 SF)
Zoning code
ID-1
APN
HTFD M:316 B:694 L:012
UPID
US15-0995964
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
-
R.E. Michel Company Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$2.26M
Owner & transaction history
Skywater-hartford LLC · 16 yrs held
Skywater-hartford LLC
since 2010
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
ID-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ment and supply uses, and bars and nightclubs. Industrial (ID) The ID districts provide areas within the city for more intensive manufacturing, warehousing, and distribution in larger-scale Workshop/Warehouse Buildings. ID-1 The purpose of the ID-1 industrial district in the city is to provide for medium to heavy industry characterized by a minimum of noise,…
Zone name
Industrial 1
General category
INDUSTRIAL
Zone area
1,224.59 ac
Source
zoning regulations
Top alternative use upside
Retail stores
$2.3M
+38.5%
Auto repair, garage
$2.1M
+22.8%
Office building
$1.7M
+3.0%
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
$2,130,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,670,000
Current use
RETAIL STORES
$2,315,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,055,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,720,000
Change: +3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10% · vs last sale $2.40M (Mar 28 2025)
Last sale anchor
$2.40M
Mar 28 2025
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
$99 / 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
$49,380
Tax year 2023
Assessed value
$716,170
Assessed 2023
Previous assessed
$716,170
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$203,070
Assessed improvement
$513,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Total area
22,914 SF
Lot
1.23 ac (53,579 SF)
Zoning code
ID-1
APN
HTFD M:316 B:694 L:012
UPID
US15-0995964
Jurisdiction
HARTFORD
Zoning & alternative use
ID-1 · Hartford, CTZoning ID-1 · permitted uses
ID-1 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ment and supply uses, and bars and nightclubs. Industrial (ID) The ID districts provide areas within the city for more intensive manufacturing, warehousing, and distribution in larger-scale Workshop/Warehouse Buildings. ID-1 The purpose of the ID-1 industrial district in the city is to provide for medium to heavy industry characterized by a minimum of noise, odor, glare, and pollution, and by moderate traffic upon the public streets. It is
Zone name
Industrial 1
General category
INDUSTRIAL
Zone area
1,224.59 ac
Source
zoning regulations
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
STEEL FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Skywater-hartford LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1 RE MICHEL DR, GLEN BURNIE, MD 21060-6408
Ownership since
2010
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 11, 2010
$625,000
Skywater-hartford LLC
5b LLC
Warranty Deed
—
Mar 26, 2007
—
5b LLC
—
Deed Of Trust
related
$562,000 · New Eng Teamster Fnd
Mar 2, 1998
—
Gerard Rlty Corp
—
Deed Of Trust
related
$1,140,000 · First National Bank New Englnd
Mar 28, 1995
$405,000
5b LLC
Jensen Ruth Est
Grant Deed
$300,000 · First Natl Bk New Eng
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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