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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Motels
424 Asylum St 430 Hartford, CT 06103-1901
Entity Owned
31-yr Hold
~
Est. High Equity
Property ID
US15-0726465
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
STEEL FRAME
Total area
48,942 SF
Lot
0.45 ac (19,389 SF)
Zoning code
DT-2
APN
HTFD M:223 B:330 L:035
UPID
US15-0726465
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$765k
Owner & transaction history
Sk Commercial Corp · 31 yrs held
Sk Commercial Corp
since 1995
7 recorded transactions
Zoning & alternative use
DT-2 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$16 / 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
$89,077
Tax year 2023
Assessed value
$1,264,760
Assessed 2023
Previous assessed
$1,264,760
+0.0% YoY
Effective rate
7.04%
On assessed value
Assessed land
$461,510
Assessed improvement
$803,250
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
9
Units
96
Rooms
96
Total area
48,942 SF
Lot
0.45 ac (19,389 SF)
Zoning code
DT-2
APN
HTFD M:223 B:330 L:035
UPID
US15-0726465
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.
Building & site characteristics
From public records
Year built
1961
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
9
Buildings
1
Units
96
Rooms
96
Lot
0.45 ac
Current owner
From public records · entity-resolved
Sk Commercial Corp
Entity
Mailing address
9555 CHESAPEAKE DR STE #202, SAN DIEGO, CA 92123-6394
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2007
—
Brisam Hartford LLC
—
Deed Of Trust
related
$2,000,000 · Broadway National Bank
Oct 20, 2004
—
440 Asylum LLC
—
Deed Of Trust
related
$3,600,000 · Banknorth NA
Jan 9, 1996
—
Hartford Hotel Assoc
—
Deed Of Trust
related
$2,392,000 · Konover Hotel Corp
Apr 18, 1995
$16,800
Sk Commercial Corp
Konover,simon
Grant Deed
—
Jun 30, 1989
$2,632,832
Simon Konover
Parkside Assoc Ltd
Grant Deed
—
Jun 30, 1989
—
Simon Konover
—
Deed Of Trust
related
$1,230,000 · Connecticut National Bank
Mar 27, 1989
$178,000
A Abner Rosen
Abner Rosenberg Est
Grant Deed
related
—
Dec 18, 1987
$250,000
Parkside Assoc Ltd Pt
Rosen,a Abner
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.
Try Rey
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