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    Property profile & analytics

    450 Homestead Ave Hartford, CT 06112-2127

    • Auto shops
    • 36,689 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $790,000
    Location Intelligence
    Property ID
    US15-0281611
    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.

    Current Use by Public Records

    • Gateway Self-Storage / Storage Facility
    • Living Word Imprints / T-Shirt Store / Uniform Store

    Property Details for 450 Homestead Ave

    Year built
    1945
    Construction
    STEEL FRAME
    Lot size
    0.90 lot acres
    Property size
    36,689 SF
    Zone code
    MS-2
    Property type
    Auto shops
    APN
    HTFD M:152 B:190 L:016
    APU
    HTFDM152B190L016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $785,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $800,000
      7%
      $785,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $915,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $840,000
      Retail
      $920,000
      Mixed-Use
      $1,020,000
      Hospitality
      $950,000
      Educational
      $910,000
      Residential Income
      $945,000
      Energy
      $890,000
      Income-Based Land
      $950,000
      Food Service
      $855,000

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7024
    Latitude
    41.7833
    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
    $39,490
    $100,590
    $472,150
    $572,740
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $205,000
      1,134 SF

      1496 Albany Ave

      AUTO REPAIR, GARAGE • 1,134 SF
      1496 Albany Ave, Hartford, CT 06112-2113
      View Details
    • Value Estimation by Request
      2,706 SF

      10 Homestead Ave

      AUTO REPAIR, GARAGE • 2,706 SF
      10 Homestead Ave, Hartford, CT 06112-2332
      View Details
    • Value Estimation by Request
      1,680 SF

      1511 Albany Ave

      AUTO REPAIR, GARAGE • 1,680 SF
      1511 Albany Ave, Hartford, CT 06112-2112
      View Details
    • Value Estimation by Request
      0.39 Acres

      300 Homestead Ave

      PARKING LOT • 0.39 Acres
      300 Homestead Ave, Hartford, CT 06112
      View Details
    • Value Estimation
      $235,000
      0.15 Acres

      377 Gdn St

      PARKING LOT • 0.15 Acres
      377 Gdn St, Hartford, CT 06112
      View Details
    • Value Estimation by Request
      0.10 Acres

      999 Albany Ave

      PARKING LOT • 0.10 Acres
      999 Albany Ave, Hartford, CT 06112
      View Details

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    Similar Nearby for Lease

    • $900 /Mo

      Visible Storefront on Albany Avenue

      Highly visible commercial space in an active Hartford corridor.
      1440 Albany Ave, Hartford, CT 06112
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      Retail and commercial pad sites at high-visibility Hartford location.
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      1,525 SF

      Retail Space Available For Rent

      Retail space for rent in Hartford, CT, 1525 SF
      1291 Albany Ave, Hartford, CT 06112
      View Details
    • $2,550 /Mo
      3,300 SF

      Spacious Commercial Space Available

      Versatile 3300 sqft commercial space suitable for various businesses.
      817 Albany Ave, Hartford, CT 06112
      View Details
    • $1,900 /Mo

      Spacious Three-Bedroom Apartment For Rent

      Bright, 1,200 sq ft apartment in walkable Hartford neighborhood.
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    • $2,100 /Mo

      Versatile Commercial Space For Rent

      2,100 SF commercial space with multiple offices and parking.
      1500 Albany Ave, Hartford, CT 06112
      View Details

    Property Visit Statistics

    • Visits by month
      4.8k
    • Visitors by month
      4.9k
    • Avg Time on site
      26 min
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    450 Homestead Ave
    Hartford, CT 06112-2127
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    Realmo Value Estimation

    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.

    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.

    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
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