Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    438 Main St New Britain, CT 06051-3576
    Back to Search
    Property profile & analytics

    438 Main St, New Britain, CT 06051-3576

    View on Map
    • Investment properties
    • 0.58 lot acres
    Off-Market
    Property ID
    US15-0070644
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 438 Main St

    Lot size
    0.58 lot acres
    Zone code
    B1/T
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NBRI M:C10A B:45
    APU
    NBRIMC10AB45

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 28, 2012 $157,000 Total Comfort Realty LLC Bayview Loan Svcng LLC Warranty Deed —
    Feb 6, 2012 — Bayview Loan Svcng LLC Derosier,robert L JR One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    Nov 14, 2007 $1 Robert L Derosier JR. Derosier,robert L JR Grant Deed · related —
    Sep 4, 1997 $215,000 Robert L Derosier JR. Smith,richard A Warranty Deed $200k · Zenon Grzybowski
    Dec 30, 1993 $190,000 Richard A Smith Peoples Sb New Britain Grant Deed —
    Oct 5, 1990 — Lawrence Moroni — Deed Of Trust · related $40k · Zwi Kohorn
    Oct 1, 1990 — Lawrence Mononi — Deed Of Trust · related $454k · Peoples Bank New Britan
    Apr 5, 1988 — Lawrence O Moroni — Deed Of Trust · related $360k · Peoples Bank
    Dec 28, 1987 — Lawrence O Moroni — Deed Of Trust · related $40k · Peoples Bank New Britan
    Jun 8, 1987 — Lawrence O Moroni — Deed Of Trust · related $140k · Peoples Bank New Britan

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7743
    Latitude
    41.6532
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,417
    $81,760
    $268,730
    $350,490
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.96 Acres

      195 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      195 Main St, New Britain, CT 06051-3108
      View Details
    • Value Estimation by Request
      0.23 Acres

      347 Park St

      OFFICE/RESIDENTIAL (MIXED USE)
      347 Park St, New Britain, CT 06051-2726
      View Details
    • Value Estimation by Request
      0.22 Acres

      200 Nn St

      OFFICE/RESIDENTIAL (MIXED USE)
      200 Nn St, New Britain, CT 06051-1913
      View Details
    • Value Estimation by Request
      0.24 Acres

      23 John St

      OFFICE/RESIDENTIAL (MIXED USE)
      23 John St, New Britain, CT 06051-2724
      View Details
    • Value Estimation
      $565,000
      0.15 Acres

      49 Woodland St

      OFFICE/RESIDENTIAL (MIXED USE)
      49 Woodland St, New Britain, CT 06051-3265
      View Details
    • Value Estimation by Request
      1.97 Acres

      98 Franklin Sq

      OFFICE/RESIDENTIAL (MIXED USE)
      98 Franklin Sq, New Britain, CT 06051-2607
      View Details

    Similar Nearby for Sale

    • $425,000

      221 South St

      Industrial properties
      221 South St, New Britain, CT 06051
      View Details
    • $600,000
      4,030 SF

      Mixed-Use Investment Opportunity

      Five-unit mixed-use property with income potential in New Britain.
      380 Arch St, New Britain, CT 06051
      View Details
    • New
      $265,000
      2,090 SF

      Live-Work Mixed-Use Property

      Mixed residential layout with finished lower level and private backyard, offering flexibility for home-based or storefront-style uses.
      12 Oak St, New Britain, CT 06051
      View Details
    • $579,000

      Turnkey Mixed-Use Investment Property

      Four units: residential apartments and business space in desirable area.
      198 Oak St, New Britain, CT 06051
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo

      Mixed-Use Property in New Britain

      Versatile space with high traffic and private parking available for rent.
      250 North St, New Britain, CT 06051
      View Details
    • Contact for pricing

      Industrial Contractor Unit For Rent

      1,120 SF industrial unit with drive-in door, office, bathroom.
      179 Coccomo Cir, New Britain, CT 06051
      View Details
    • $2,300 /Mo

      Versatile Industrial Space For Lease

      6,598 SF industrial space with showroom and office areas.
      21 Pleasant St, New Britain, CT 06051
      View Details
    • $6,000 /Mo

      Remodeled Commercial Property in New Britain

      Versatile office spaces in historic New Britain business district.
      25 Court St, New Britain, CT 06051
      View Details
    • Contact for pricing
      2,616 SF

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      87 W Main St, New Britain, CT 06051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    438 Main St
    New Britain, CT 06051-3576
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    438 Main St, New Britain, CT, 06051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!