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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Industrial properties
34 Arbor St 56 Hartford, CT 06106-1201
Entity Owned
1-yr Hold
Free & Clear
Property ID
US15-0694485
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1917
Construction
FRAME
Total area
86,314 SF
Lot
2.93 ac (127,631 SF)
Zoning code
CX-1
APN
HTFD M:158 B:403 L:076
UPID
US15-0694485
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
$4.56M
Blend (final)
Blend
$3.62M
Owner & transaction history
Real Art Ways INC · 1 yrs held
Real Art Ways INC
since 2024
7 recorded transactions
Zoning & alternative use
CX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+25.7%
Office building
$5.0M
+7.9%
Warehouse, storage
$4.8M
+3.4%
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
INDUSTRIAL (GENERAL)
$4,660,000
Current use
COMMERCIAL (GENERAL)
$5,855,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$5,025,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,815,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$42 / 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
$188,967
Tax year 2023
Assessed value
$2,740,640
Assessed 2023
Previous assessed
$2,740,640
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$297,080
Assessed improvement
$2,443,560
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1917
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
4
Total area
86,314 SF
Lot
2.93 ac (127,631 SF)
Zoning code
CX-1
APN
HTFD M:158 B:403 L:076
UPID
US15-0694485
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1917
Construction
FRAME
Heating
STEAM
Stories
4
Buildings
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
Real Art Ways INC
Entity
Free & Clear · 1 yrs held
Mailing address
56 ARBOR ST, HARTFORD, CT 06106-1222
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Real Art Ways INC
—
Deed
related
$4,000,000 · M & T Bank
Dec 18, 2024
—
Real Art Ways INC
56 Arbor St LLC
Warranty Deed
—
Dec 27, 2021
—
56 Arbor St LLC
66 LLC
Warranty Deed
$2,600,000 · Local Inititatives Support Corp
Nov 30, 2007
—
66 LLC
—
Deed Of Trust
related
$2,300,000 · Newalliance Bank
Jul 18, 2005
—
66 LLC
—
Deed Of Trust
related
$250,000 · Wachovia Bank NA
Oct 4, 2004
$1,950,000
66 LLC
Gerald N Sciarra T
Warranty Deed
$1,425,000 · Wachovia Bank NA
Oct 4, 2004
—
66 LLC
—
Deed Of Trust
related
$230,000 · Worth Funding INC
Nov 14, 1989
—
Gerald N Sciarra
—
Deed Of Trust
related
$200,000 · Society For Svgs
Nov 23, 1987
—
Gerald Sciarra
—
Deed Of Trust
related
$2,173,000 · Society For Svgs
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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