Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    347 Main St New Hartford, CT 06057

    • Showrooms
    • 2,446 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0667003
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Passiflora Tea Room: Collette Hurst / Artist
    • Eastern Accents / Gift Shop

    Property Details for 347 Main St

    Year built
    1947
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    2,446 SF
    Zone code
    R-15
    Property type
    Showrooms
    APN
    NHAR M:44B B:114 L:021
    APU
    NHARM44BB114L021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $270,000
      Market price range: $167k - $443k
      AI Estimate
      $205,000
      Market price range: $147k - $293k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $305,000
      Current use
      OFFICE BUILDING
      $285,000
      Change: -6% Conversion: Easy
      RETAIL STORES
      $280,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Hartford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -72.9655
    Latitude
    41.8722
    CBSA code
    45860
    CBSA name
    TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,420
    $51,940
    $89,180
    $141,120
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      2,136 SF

      431 Main St

      SHOW ROOM, WAREHOUSE • 2,136 SF
      431 Main St, New Hartford, CT 06057-2728
      View Details
    • Value Estimation
      $230,000
      2,248 SF

      7 Church N St

      SHOW ROOM, WAREHOUSE • 2,248 SF
      7 Church N St, New Hartford, CT 06057-2104
      View Details
    • Value Estimation
      $55,000
      3,496 SF

      531 Main St

      SHOW ROOM, WAREHOUSE • 3,496 SF
      531 Main St, New Hartford, CT 06057-2111
      View Details
    • Value Estimation
      $235,000
      1,087 SF

      790 Litchfield Tpke

      SHOW ROOM, WAREHOUSE • 1,087 SF
      790 Litchfield Tpke, New Hartford, CT 06057-3310
      View Details
    • Value Estimation
      $335,000
      1,782 SF

      507 Main St

      SHOW ROOM, WAREHOUSE • 1,782 SF
      507 Main St, New Hartford, CT 06057
      View Details
    • Value Estimation
      $570,000
      20,000 SF

      173rd Main St

      SHOW ROOM, WAREHOUSE • 20,000 SF
      173rd Main St, New Hartford, CT 06057-2708
      View Details

    Similar Nearby for Sale

    • $675,000
      1 SF

      New Hartford Drive-Thru Opportunity

      Former Dunkin' with drive-thru; retail, medical, or office potential.
      495 Main St, New Hartford, CT 06057
      View Details
    • $275,000
      1 SF

      Retail/Office Building in New Hartford

      Former laundromat building suitable for retail or office venture.
      10 Town Hill Rd, New Hartford, CT 06057
      View Details
    • $3,299,000
      42,516 SF

      Established Grocery Store with Tenants

      Profitable grocery store with additional tenant income in New Hartford.
      141 Main St, New Hartford, CT 06057
      View Details
    • $3,299,000
      5.70 Acres

      Prime New Hartford Shopping Center

      Thriving Retail Center, 42,516 SF
      141 Main St, New Hartford, CT 06057
      View Details
    • $349,900

      Downtown Office Building For Sale

      Well-maintained office building with potential for mixed-use or residential conversion.
      7 Church St N, New Hartford, CT 06057
      View Details
    • $299,000

      Undeveloped Land in New Hartford

      Two parcels of land totaling 95 acres for sale.
      18 Niles Rd, New Hartford, CT 06057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,422 SF

      Charming New Hartford Office Suite

      Renovated 1,422 SF office space in historic building.
      2 Central Ave, New Hartford, CT 06057
      View Details
    • $8 SF/Yr
      4,800 SF

      Versatile Warehouse with Storage Yard

      4,800 SF warehouse with 2+ acre storage yard.
      45 Hoppen Rd, New Hartford, CT 06057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    347 Main St
    New Hartford, CT 06057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.