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Property profile & analytics
OFF-MARKET
Estimated value
$7,670,000
Office buildings
309 Wawarme Ave, Hartford, CT 06114-1509
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US15-0757011
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
65,482 SF
Lot
1.82 ac (79,192 SF)
Zoning code
CX-1
APN
HTFD M:313 B:584 L:001
UPID
US15-0757011
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
-
Disability Determination Services State Government Office
-
Dr. Barbara F. Coughlin, MD Pediatrician Medical Clinic
-
Probation Department-Adult Probation Office
-
Maria Lourdes Lorenzo Physician
-
Virginia Howell Rittner Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.90M
Blend (final)
Blend
$7.67M
Owner & transaction history
Gdp Enterprises LLC · 14 yrs held
Gdp Enterprises LLC
since 2011
7 recorded transactions
Zoning & alternative use
CX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.2M
+127.6%
Retail stores
$6.6M
+34.5%
Auto repair, garage
$5.9M
+19.2%
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
OFFICE BUILDING
$4,920,000
Current use
RESTAURANT
$11,195,000
Change: +128% · Conversion: Moderate
RETAIL STORES
$6,615,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,865,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,850,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,775,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$7.67M
Range $6.90M – $8.44M · ±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
$117 / 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
$193,060
Tax year 2023
Assessed value
$2,800,000
Assessed 2023
Previous assessed
$2,800,000
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$179,060
Assessed improvement
$2,620,940
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
6
Total area
65,482 SF
Lot
1.82 ac (79,192 SF)
Zoning code
CX-1
APN
HTFD M:313 B:584 L:001
UPID
US15-0757011
Jurisdiction
HARTFORD
Zoning & alternative use
CX-1 · Hartford, CT
Zoning CX-1 · permitted uses
CX-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
OFFICE BUILDING Current
Est. value
$4.9M
RESTAURANT
Est. value
$11.2M
RETAIL STORES
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.8M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
6
Buildings
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Gdp Enterprises LLC
Entity
Mailing address
920 MAPLE AVE, HARTFORD, CT 06114-2723
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
—
Gdp Enterprises LLC
—
Deed
related
$275,000 · Td Bank NA
Sep 16, 2011
$1
Gdp Enterprises LLC
Gbd Developers INC
Grant Deed
related
—
Sep 16, 2011
—
Gdp Enterprises LLC
—
Deed Of Trust
related
$4,020,000 · Td Bank NA
Jul 23, 2003
—
Gdp Enterprises LLC
—
Deed Of Trust
related
$2,075,000 · Webster Bank
Jul 14, 1999
—
Gdp Enterprise LLC
—
Deed Of Trust
related
$2,250,000 · New England Bank & Trust
Jun 10, 1999
$200,000
Castle Land Corp
Maco Land Corp
Warranty Deed
—
Feb 16, 1999
—
Gdp Ent LLC
—
Deed Of Trust
related
$350,000 · Equity Bank
Sep 20, 1988
—
Wawarme Assoc Ltd
—
Deed Of Trust
related
$4,000,000 · Mechanics Svgs Bk
Mar 25, 1988
—
Wawarme Assoc LP
—
Deed Of Trust
related
$575,000 · United Bank & Trust Co
Sep 28, 1987
$1,256,000
Wawarme Assoc Ltd Ptnr
South Meadow Dev
Grant Deed
—
Sep 28, 1987
—
Wawarme Assoc Ltd Ptnr
—
Deed Of Trust
related
$2,050,000 · Mechanics Savings Bank
Aug 17, 1987
—
South Meadow Dev Assoc
—
Deed Of Trust
related
$25,000 · Zwi Kohorn
Jul 14, 1987
—
South Meadow Dev Assoc
—
Deed Of Trust
related
$107,500 · Zwi Kohorn
Jul 1, 1987
$750,000
249 Wawarme Ave Assoc
Mortuck Assoc
Grant Deed
$225,000 · Zenon Grzybowski
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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