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Property profile

43 Franklin St East Hartford, CT 06108

FOR LEASE
Other industrial properties
Property ID
US15-0230980
7,200 SF 0.4 ac lot Built 1977
Last sale Jun 2022 · $3,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is an office building that includes approximately 1,500 square feet of office space configured for leasing, while the owner occupies about half of the building. The offered space is arranged as office area within a larger multi-tenant configuration, and the lease structure is characterized as a gross lease, which generally combines operating expenses into the rent. The layout provides flexibility for office use within the designated leased portion.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$261k
Assessed land$57k
Assessed improvement$204k
Effective rate4.40%

Value estimate

· Oct 2026
$435k
$392k – $479k
AI approach$360k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$9k
Operating expenses−$8k
NOI · 1,551.13% cap applied$23k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$45/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$26 – $61
Qualifying comparables6

Cap rate analysis

How does the asset earn?
1,551.13%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
The various business districts recognize existing development patterns in East Hartford and provide areas for business uses and developme...
General categoryCOMMERCIAL
JurisdictionEAST HARTFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Parking Facility11.7
Skin Care Clinic9.6

Location

43 Franklin St East Hartford, CT 06108
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
433 School, East Hartford, CT 06108-1135 $575,000 Oct 2024 13,761 SF
4 Lincoln, East Hartford, CT 06108-3910 $700,000 Mar 2024 9,460 SF
750 Tolland, East Hartford, CT 06108-2727 $315,000 Oct 2023 4,624 SF
74 Ranney, East Hartford, CT 06108-4001 $215,000 Dec 2022 4,550 SF
187 Prospect, East Hartford, CT 06108-1652 $200,000 Nov 2022 8,633 SF
41 Cedar, East Hartford, CT 06108-2051 $675,000 Sep 2022 7,595 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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