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Property profile

438 Main St East Hartford, CT 06118

FOR SALE
Showrooms
Property ID
US15-0976237
7,871 SF 0.55 ac lot Built 1950
Last sale Sep 1999 · $260,000
Individually Owned Owner of record is an individual. 27-yr Hold Held for 27 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an automotive body shop and spray booth facility configured for vehicle service, restoration, and related on-site operations. It includes a full-service body shop area with a full spray booth, three vehicle lifts, and provisions for vehicle plate handling (listed as twelve dealer plates). The site provides on-site parking for up to 75 vehicles. The facility is located at 438 Main St in downtown East Hartford, in a street-front setting intended to support customer and service activity in a high-visibility commercial area.

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?
$14k
Tax billed · 2024
Assessed value$325k
Assessed land$77k
Assessed improvement$248k
Effective rate4.40%

Value estimate

· Oct 2026
$295k
$266k – $325k
AI approach$295k
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$7k
Operating expenses−$38k
NOI · 9.91% cap applied$89k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$50 – $123
Qualifying comparables13

Cap rate analysis

How does the asset earn?
9.91%
$89k 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-2
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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.8
Realty agency9.8
HVAC Service9.8

Location

438 Main St East Hartford, CT 06118
County assessor Recorded deeds · 4 transfers 13 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Wadsworth, East Hartford, CT 06118-3612 $675,000 Sep 2024 4,196 SF
18 Brewer, East Hartford, CT 06118-2101 $285,000 Aug 2024 4,040 SF
334 Silver, East Hartford, CT 06118-1029 $700,000 Jan 2021 5,568 SF
442 Main, East Hartford, CT 06118-1401 $1,100,000 Jan 2021 11,488 SF
249 Silver, East Hartford, CT 06118-1030 $700,000 Jul 2020 5,074 SF
470 Main, East Hartford, CT 06118-1407 $582,600 Jul 2020 4,585 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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