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Property profile & analytics
FOR LEASE
Showrooms
329 Ellington Rd East Hartford, CT 06108
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US15-0392233
For Lease
1 / 2
Contact for pricing
329 Ellington Rd, East Hartford, CT 06108
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Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2012
Construction
STEEL FRAME
Total area
11,887 SF
Lot
3.31 ac (144,184 SF)
Zoning code
I-2
APN
EHAR M:39 L:65
UPID
US15-0392233
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.28M
Owner & transaction history
Acorn 3 LLC · 13 yrs held
Acorn 3 LLC
since 2012
3 recorded transactions
Zoning & alternative use
I-2 · East Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The various industrial districts are intended to recognize existing development patterns in East Hartford and provide areas for industrial uses and development appropriate to the characteristics of each area
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
375.21 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.0M
+135.1%
Retail stores
$1.2M
+38.9%
Apartment house (5+ units)
$1.2M
+37.7%
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 East Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
COMMERCIAL (GENERAL)
$865,000
Current use
RESTAURANT
$2,035,000
Change: +135% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: +39% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,190,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,065,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±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
$107 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$107,800
Tax year 2024
Assessed value
$2,450,000
Assessed 2024
Previous assessed
$2,895,130
-15.4% YoY
Effective rate
4.40%
On assessed value
Assessed land
$676,420
Assessed improvement
$1,773,580
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
For Lease
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
6
Total area
11,887 SF
Lot
3.31 ac (144,184 SF)
Zoning code
I-2
APN
EHAR M:39 L:65
UPID
US15-0392233
Jurisdiction
EAST HARTFORD
Zoning & alternative use
I-2 · East Hartford, CTZoning I-2 · permitted uses
I-2 · East Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The various industrial districts are intended to recognize existing development patterns in East Hartford and provide areas for industrial uses and development appropriate to the characteristics of each area
Zone name
Light Industry
General category
INDUSTRIAL
Zone area
375.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$865,000
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$895,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
6
Lot
3.31 ac
Current owner
From public records · entity-resolved
Acorn 3 LLC
Entity
Mailing address
PO BOX 1767, WALLINGFORD, CT 06492-7467
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2013
—
Acorn 3 LLC
—
Deed Of Trust
related
$4,300,000 · Webster Bank
Dec 21, 2012
$5,876,000
Acorn 3 LLC
Ra East Hartford LLC
Warranty Deed
$1,238,256 · Ra East Hartford LLC
Dec 29, 2011
$1,000,000
Ra East Hartford LLC
329 Ellington Road Assoc
Warranty Deed
$2,700,000 · New England 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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