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Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Showrooms
351 Pitkin St East Hartford, CT 06108-6221
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0307662
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Construction
CONCRETE
Total area
71,925 SF
Lot
3.39 ac (147,668 SF)
Zoning code
B-4
APN
EHAR M:4 L:38B
UPID
US15-0307662
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
-
QuEST Global Engineering Consultant
-
Hampton Inn & Suites Hartford/East Hartford Hotel & Motel
-
Candace Tattoo Shop Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.62M
Blend (final)
Blend
$6.91M
Owner & transaction history
East Hartford Lodging Par · 1 yrs held
East Hartford Lodging Par
since 2025
4 recorded transactions
Zoning & alternative use
B-4 · East Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The various business districts recognize existing development patterns in East Hartford and provide areas for business uses and development appropriate to the characteristics of each area
Zone name
Founders Plaza
General category
COMMERCIAL
Zone area
484.91 ac
Source
Realmo
Top alternative use upside
Retail stores
$7.3M
+38.9%
Apartment house (5+ units)
$7.2M
+37.7%
Auto repair, garage
$6.4M
+23.2%
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 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)
$5,230,000
Current use
RETAIL STORES
$7,265,000
Change: +39% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,200,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,445,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$5,405,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±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
$96 / 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
$241,658
Tax year 2024
Assessed value
$5,492,230
Assessed 2024
Previous assessed
$5,492,230
+0.0% YoY
Effective rate
4.40%
On assessed value
Assessed land
$345,020
Assessed improvement
$5,147,210
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
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
5
Units
1
Rooms
121
Total area
71,925 SF
Lot
3.39 ac (147,668 SF)
Zoning code
B-4
APN
EHAR M:4 L:38B
UPID
US15-0307662
Jurisdiction
EAST HARTFORD
Zoning & alternative use
B-4 · East Hartford, CTZoning B-4 · permitted uses
B-4 · 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 business districts recognize existing development patterns in East Hartford and provide areas for business uses and development appropriate to the characteristics of each area
Zone name
Founders Plaza
General category
COMMERCIAL
Zone area
484.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
RETAIL STORES
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
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
2009
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Units
1
Rooms
121
Lot
3.39 ac
Current owner
From public records · entity-resolved
East Hartford Lodging Par
Individual
Mailing address
111 FOUNDERS PLZ STE #301, EAST HARTFORD, CT 06108-8307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 7, 2025
—
East Hartford Lodging Par
Merchant Founders Lodging
Warranty Deed
$16,439,000 · Celtic Bank Corporation
Jun 30, 2016
—
Merchant Founders Lodg
—
Deed
related
$9,750,000 · United Bank
Jun 4, 2008
—
Merchant Founders Log LLC
—
Deed Of Trust
related
$12,000,000 · Sovereign Bank
Dec 2, 1994
$1,180,000
Nurse Home Visiting
M&l Life Assurance
Warranty Deed
$1,116,000 · Tolland 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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