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Property profile & analytics
OFF-MARKET
Estimated value
$6,975,000
Investment properties
402 Asylum St 418 Hartford, CT 06103-1901
Entity Owned
28-yr Hold
Property ID
US15-0954992
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Construction
STEEL FRAME
Total area
87,275 SF
Lot
0.49 ac (21,201 SF)
Zoning code
DT-2
APN
HTFD M:223 B:330 L:036
UPID
US15-0954992
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
-
Madsen Prestley & Parenteau, LLC Law Firm
-
Steigman Todd Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.21M
Blend (final)
Blend
$6.98M
Owner & transaction history
Capitol Center LLC · 28 yrs held
Capitol Center LLC
since 1997
5 recorded transactions
Zoning & alternative use
DT-2 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+15.5%
Auto repair, garage
$7.8M
+2.4%
Apartment house (5+ units)
$7.6M
+0.0%
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
COMMERCIAL (GENERAL)
$7,635,000
Current use
RETAIL STORES
$8,815,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,820,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,635,000
Change: +0% · Conversion: Moderate
OFFICE BUILDING
$6,560,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.98M
Range $6.28M – $7.67M · ±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
$80 / 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
$194,552
Tax year 2023
Assessed value
$2,762,340
Assessed 2023
Previous assessed
$2,762,340
+0.0% YoY
Effective rate
7.04%
On assessed value
Assessed land
$296,800
Assessed improvement
$2,465,540
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
6
Units
70
Rooms
230
Total area
87,275 SF
Lot
0.49 ac (21,201 SF)
Zoning code
DT-2
APN
HTFD M:223 B:330 L:036
UPID
US15-0954992
Jurisdiction
HARTFORD
Zoning & alternative use
DT-2 · Hartford, CT
Zoning DT-2 · permitted uses
DT-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$7.6M
RETAIL STORES
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
OFFICE BUILDING
Est. value
$6.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1915
Construction
STEEL FRAME
Heating
SPACE
Stories
6
Buildings
1
Units
70
Rooms
230
Lot
0.49 ac
Current owner
From public records · entity-resolved
Capitol Center LLC
Entity
Mailing address
505 8TH AVE, NEW YORK, NY 10018-6505
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2008
—
410 Asylum Street LLC
—
Deed Of Trust
related
$2,000,000 · Ct Development Auth
Nov 19, 1997
—
Capitol Center LLC
—
Deed Of Trust
related
$700,000 · Cornerstone Bank
Sep 16, 1997
$750,000
Capitol Center LLC
Itw Mortgage Investmen
Grant Deed
—
Jul 22, 1996
—
Itw Mtg Inv
—
Deed Of Trust
related
$256,000 · Ge Capital Mortgage Service
Mar 15, 1989
$8,000,000
Asylum View LP
266/410 Prop LP
Grant Deed
—
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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