Entity Owned 
For Sale
1 / 20
$399,000
407 Main St,Unit 101B, Hartford, CT 06106
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Property summary
AI-generated overview
Located at 407 Main Street in Downtown Hartford, Connecticut, this historic commercial property was constructed in 1895 and contains approximately 4,883 square feet of restaurant space. The space is set up for restaurant operations and includes existing restaurant equipment and furnishings, with layout and finishes consistent with a full-service dining use. It is situated within a mixed-use area surrounded by businesses, cultural venues, and nearby residential communities, and is close to theaters, museums, art galleries, office buildings, and public transportation. The property provides cityscape views of Hartford and is served by nearby/available parking facilities.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1895
Construction
FRAME
Total area
1,492 SF
Zoning code
DT-3
APN
HTFD M:247 B:454 L:133
UPID
US15-0580751
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$65k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$80k
Owner & transaction history
since 2023
Last sale
$75,000
3 recorded transactions
Zoning & alternative use
DT-3 · Hartford, CT
Zoning description
sitional urban neighborhoods and work environments. Primary streets, including Church Street, Jewell Street, Sheldon Street, and Charter Oak Avenue, may include Storefront Buildings, but a variety of uses are permitted.…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$80k
Value range
$72k – $88k
±10% around blend
Estimated value / SF
$54 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
Income certainty
100
$72k
blend $80k
$88k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,492 SF
Year built
1895
Stories
1
APN
HTFD M:247 B:454 L:133
Zoning
DT-3
Assessed value
$74,200
Annual tax
$5,116
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,116
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$300k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.8 mi away · 1,276 SF
13.8 mi away · 1,682 SF
14.3 mi away · 1,622 SF
14.9 mi away · 1,764 SF
16.4 mi away · 1,935 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$80k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 317 sales
$87
-39%
County 933 sales
$95
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $54/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.95%
Selected cap rate for this other commercial real estate
Derived from the Hartford market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.95%
9.0%
NOI (est.)
$20k *
Last sale · Jul 2023
$75k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$399k
Move the market yield to see immediate price impact.
Value / SF
$268
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.45%4.95%5.45%
$18k
$400k
$359k
$326k
$20k
$444k
$399k
$363k
$22k
$489k
$439k
$399k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$435k
5.0 mi · Nov 2025 · $284/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,116
Tax year 2023
Assessed value
$74,200
Assessed 2023
Previous assessed
$74,200
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed improvement
$74,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
For Sale
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
1,492 SF
Zoning code
DT-3
APN
HTFD M:247 B:454 L:133
UPID
US15-0580751
Jurisdiction
HARTFORD
Zoning & alternative use
DT-3 · Hartford, CTZoning DT-3 · permitted uses
DT-3 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
sitional urban neighborhoods and work environments. Primary streets, including Church Street, Jewell Street, Sheldon Street, and Charter Oak Avenue, may include Storefront Buildings, but a variety of uses are permitted.…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
DT-3
COMMERCIAL
Jurisdiction
Hartford, CT
Recorded code
DT-3
Official district
DT-3
Official district profile
What the municipal code says about DT-3
Zoning description
sitional urban neighborhoods and work environments. Primary streets, including Church Street, Jewell Street, Sheldon Street, and Charter Oak Avenue, may include Storefront Buildings, but a variety of uses are permitted.…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DT-3 in Hartford, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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