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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
490 Park St 496 Hartford, CT 06106-1526
Entity Owned
1-yr Hold
Property ID
US15-0465070
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
FRAME
Total area
5,795 SF
Lot
0.11 ac (4,800 SF)
Zoning code
MS-1
APN
HTFD M:226 B:437 L:104
UPID
US15-0465070
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
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$510k
Owner & transaction history
Henosis Project 3 LLC · 1 yrs held
Henosis Project 3 LLC
since 2024
Last sale
$633,000
5 recorded transactions
Zoning & alternative use
MS-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$585,000
+49.0%
Apartment house (5+ units)
$575,000
+46.1%
Auto repair, garage
$520,000
+32.1%
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
$310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$395,000
Current use
RETAIL STORES
$585,000
Change: +49% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$575,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$520,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$335,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$325,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $633k (Sep 3 2024)
Last sale anchor
$633k
Sep 3 2024
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
$88 / 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
$19,845
Tax year 2023
Assessed value
$273,910
Assessed 2023
Previous assessed
$273,910
+0.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$15,820
Assessed improvement
$258,090
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
16
Total area
5,795 SF
Lot
0.11 ac (4,800 SF)
Zoning code
MS-1
APN
HTFD M:226 B:437 L:104
UPID
US15-0465070
Jurisdiction
HARTFORD
Zoning & alternative use
MS-1 · Hartford, CT
Zoning MS-1 · permitted uses
MS-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$395,000
RETAIL STORES
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$520,000
OFFICE BUILDING
Est. value
$335,000
WAREHOUSE, STORAGE
Est. value
$325,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
16
Lot
0.11 ac
Current owner
From public records · entity-resolved
Henosis Project 3 LLC
Entity
Mailing address
47 CROSBY ST, EAST HARTFORD, CT 06118-1427
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
$633,000
Henosis Project 3 LLC
Dora Rosales
Warranty Deed
$474,750 · Nqm Funding LLC
Jan 31, 2019
$160,000
Dora Rosales
Bajonero,roman
Warranty Deed
$141,750 · Homeowners Fin
Nov 16, 2006
—
Roman Bajonero
—
Deed Of Trust
related
$112,846 · Spanish America Assoc
Sep 27, 2006
—
Roman Bajonero
—
Deed Of Trust
related
$56,255 · Worth Funding INC
Mar 6, 2006
$300,000
Roman Bajonero
Toribio Espinoza
Warranty Deed
$229,500 · Equity One INC
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.
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