Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 Main St, Unit 402 Wethersfield, CT 06109-1819
    Property profile & analytics

    400 Main St, Unit 402, Wethersfield, CT 06109-1819

    View on Map
    • Residential income homes
    • 4,128 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Sep 10, 2024
    $430,000
    Property ID
    US15-0000951
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stacey E. Fusco, PTA / Physician
    • Safe Harbor Insurance CT / Insurance Agency
    • PWEH / Industrial Manufacturer / Production Facility
    • US Defense Department / Military Base
    • Pratt & Whitney Engineering & Technology Center (ETC) / Corporate Office

    Property Details for 400 Main St

    Year built
    1971
    Construction
    FRAME
    Lot size
    0.30 lot acres
    Zone code
    B
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    WETH M:250 B:009
    APU
    WETHM250B009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2024 — Alicia Roushon Alicia Roushon Quit Claim Deed · related —
    Dec 20, 2023 $430,000 Alicia Roushon F F Dodge Warranty Deed $400k · Mth Properties LLC
    Jul 24, 2006 $1 F Forbes Dodge Dodge,mary Grant Deed · related —
    Jan 8, 2004 — Donge F Forbes — Deed Of Trust · related $235k · Ameriquest Mortgage Corp
    Oct 25, 1999 — Freeman Forbes 3rd — Deed Of Trust · related $13k · Susan F Dodge

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wethersfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6524
    Latitude
    41.7183
    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
    $10,503
    $92,620
    $150,400
    $243,020
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,750 SF

      44 Marsh St

      APARTMENT HOUSE (UNDER 5 UNITS)
      44 Marsh St, Wethersfield, CT 06109-2344
      View Details
    • Value Estimation
      $550,000
      4.57 Acres

      71 Main St

      APARTMENT HOUSE (UNDER 5 UNITS)
      71 Main St, Wethersfield, CT 06109-3123
      View Details
    • Value Estimation by Request
      3,392 SF

      49 Gdn St

      APARTMENT HOUSE (UNDER 5 UNITS)
      49 Gdn St, Wethersfield, CT 06109-3118
      View Details
    • Value Estimation
      $5,355,000
      1.66 Acres

      133 Main St

      APARTMENT HOUSE (UNDER 5 UNITS)
      133 Main St, Wethersfield, CT 06109-3125
      View Details
    • Value Estimation by Request
      4,847 SF

      172-174 Main St

      APARTMENT HOUSE (UNDER 5 UNITS)
      172-174 Main St, Wethersfield, CT 06109
      View Details
    • Value Estimation by Request
      3,418 SF

      266-268 Church St

      APARTMENT HOUSE (UNDER 5 UNITS)
      266-268 Church St, Wethersfield, CT 06109
      View Details

    Similar Nearby for Sale

    • $550,000

      Two-Family Home in Old Wethersfield

      Two-unit property with updated features in historic location.
      13 Wilcox St, Wethersfield, CT 06109
      View Details
    • $399,900

      Wethersfield Two-Family Home

      Charming two-family home in historic Wethersfield neighborhood.
      99 Maple St, Wethersfield, CT 06109
      View Details
    • $2,190,000
      18,756 SF

      Wethersfield Commercial Office Building For Sale

      Well-maintained office building on Silas Deane Highway in Wethersfield.
      449 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • Contact for pricing

      Wethersfield Land For Sale

      1.89 acres of land suitable for mixed-use development.
      648 Russell Rd, Wethersfield, CT 06109
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Wethersfield, Connecticut.
      872 Silas Deane Hwy, Wethersfield, CT 06109
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Spacious Three-Bedroom Apartment For Rent

      Second-floor unit with hardwood floors, central air, and off-street parking.
      322 Middletown Ave, Wethersfield, CT 06109
      View Details
    • $3,200 /Mo

      Spacious Apartment in Old Wethersfield

      First-floor apartment with 3-4 bedrooms, patio, and included utilities.
      119 State St, Wethersfield, CT 06109
      View Details
    • $2,050 /Mo

      First Floor Apartment in Wethersfield

      First floor apartment available for rent in historic Wethersfield.
      13 Wilcox St, Wethersfield, CT 06109
      View Details
    • Contact for pricing
      1,100 SF

      Spacious Three-Bedroom Apartment Available

      Bright, well-maintained 3-bedroom unit near Route 3 and I-91.
      322 Middletown Ave, Wethersfield, CT 06109
      View Details
    • Contact for pricing

      Wethersfield Office Tower For Rent

      Seven-story office tower with restaurant/bar in Wethersfield, Connecticut.
      100 Great Meadow Rd, Wethersfield, CT 06109
      View Details
    • $25 SF/Yr

      Customizable Retail Space in Plaza

      4,800 SF retail space in high-traffic Silas Deane Highway.
      657 Silas Deane Hwy, Wethersfield, CT 06109
      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.
    400 Main St, Unit 402
    Wethersfield, CT 06109-1819
    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

    Thank You for Inquiry
    400 Main St, Wethersfield, CT, 06109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!