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

    359 High St East Hartford, CT 06118

    • Commercial real estate
    • 1,058 SF
    • 43.24 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    2.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US15-0347129
    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

    • Rivermead Inc / Plumber

    Property Details for 359 High St

    Year built
    1958
    Construction
    FRAME
    Lot size
    43.24 lot acres
    Property size
    1,058 SF
    Zone code
    R-3
    Property type
    Commercial real estate
    APN
    EHAR M:19 L:291-6471
    APU
    EHARM19L2916471

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6348
    Latitude
    41.7336
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN 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
    2024
    $251,042
    $5,523,000
    $182,500
    $5,705,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      2,972 SF

      298 Main St

      SHOW ROOM, WAREHOUSE • 2,972 SF
      298 Main St, East Hartford, CT 06118-1824
      View Details
    • Value Estimation
      $590,000
      23,925 SF

      361 Main St

      SHOW ROOM, WAREHOUSE • 23,925 SF
      361 Main St, East Hartford, CT 06118-1879
      View Details
    • Value Estimation
      $455,000
      17,781 SF

      801 Silver Ln

      SHOW ROOM, WAREHOUSE • 17,781 SF
      801 Silver Ln, East Hartford, CT 06118-1229
      View Details
    • Value Estimation
      $375,000
      2,432 SF

      364 Silver Ln, Unit 374

      COMMERCIAL (GENERAL) • 2,432 SF
      364 Silver Ln, East Hartford, CT 06118-1029
      View Details
    • Value Estimation
      $320,000
      7,550 SF

      735 Silver Ln

      SHOW ROOM, WAREHOUSE • 7,550 SF
      735 Silver Ln, East Hartford, CT 06118-1231
      View Details
    • Value Estimation
      $305,000
      2,250 SF

      30 Sisson St

      SHOW ROOM, WAREHOUSE • 2,250 SF
      30 Sisson St, East Hartford, CT 06118-1534
      View Details

    Similar Nearby for Sale

    • $399,000

      Land For Sale

      Land available for sale.
      7 Cheney Ln, East Hartford, CT 06118
      View Details
    • $110,000

      Newer Mobile Home with Style

      Well-maintained two-bedroom, two-bathroom mobile home with modern touches.
      7 Montauk Rd, East Hartford, CT 06118
      View Details
    • $350,000

      1.12 Acre Level Lot

      1.12 acre level lot with high visibility.
      247 Main St, East Hartford, CT 06118
      View Details
    • $455,000
      8,000 SF

      Home and Commercial Building on Acre

      Single family home and commercial building on a 1-acre lot.
      210 Brewer St, East Hartford, CT 06118
      View Details
    • $290,000

      Three-Unit Multifamily Property Available

      Three units with mixed heating systems, one unit vacant.
      242 Main St, East Hartford, CT 06118
      View Details
    • $99,999

      Cozy Mobile Home for Sale

      Two-bedroom mobile home in a quiet, desirable East Hartford area.
      16 Sioux Rd, East Hartford, CT 06118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,750 SF

      East Hartford Retail Space Available

      Retail spaces available in well-located East Hartford shopping center.
      940 Silver Ln, East Hartford, CT 06118
      View Details
    • Contact for pricing

      Commercial Pad Site For Rent

      Approximately 0.8-acre pad site with utilities in place.
      257 Silver Ln, East Hartford, CT 06118
      View Details
    • Contact for pricing
      182,970 SF

      Putnam Bridge Plaza Retail Space

      Prime Retail Center, 5,560 SF Available
      31 Main St, East Hartford, CT 06118
      View Details
    • Contact for pricing

      Retail Space Near Charter Oak

      13,566 SF retail space near Charter Oak Mall.
      922 Silver Ln, East Hartford, CT 06118
      View Details
    • $27 SF/Yr
      2,184 SF

      Prime East Hartford Office Space

      Single-story office, 2184 sq ft, available now.
      1491 Silver Ln, East Hartford, CT 06118
      View Details
    • $11 SF/Yr
      1,100 SF

      East Hartford Retail Space Available

      Retail space for lease in East Hartford, 1,100± SF.
      775 Silver Ln, East Hartford, CT 06118
      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.
    359 High St
    East Hartford, CT 06118
    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.