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Property profile & analytics
OFF-MARKET
Estimated value
$27,440,000
Retail space
495 Flatbush Ave Hartford, CT 06106-3604
Entity Owned
Free & Clear
Property ID
US15-1056092
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
STEEL FRAME
Total area
178,466 SF
Lot
19.37 ac (843,757 SF)
Zoning code
MS-3
APN
HTFD M:117 B:588 L:009
UPID
US15-1056092
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
Current use
Occupant on record · Public records
-
Walmart Photo Center (Bike/Boat/Book/etc) Store
-
Auntie Anne's Restaurant
-
Amazon Locker - Joie Courier Service Postal Service
-
Walmart Pharmacy Pharmacy
-
Walmart Vision & Glasses Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.03M
Comparable Approach
Comparable
$26.00M
Blend (final)
Blend
$27.44M
Owner & transaction history
WALMART BUSINES T
WALMART BUSINES T
Zoning & alternative use
MS-3 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ound story uses. In addition to Storefront Buildings, Cottage Commercial, General, and Apartment Building Types are also permitted, introducing a mix of retail, service, residential, and office uses at the ground floor. MS-3 The MS-3 district is similar to the MS-2 district in its mix of building types and uses, but also introduces a limited number of vehicl…
Zone name
Main Street 3
General category
MIXED_USE
Zone area
124.42 ac
Source
zoning regulations
Top alternative use upside
Restaurant
$30.5M
+69.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$33,620,000
6.5%
$31,030,000
7%
$28,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$18,030,000
Current use
RESTAURANT
$30,515,000
Change: +69% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$17,675,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$27.44M
Range $24.70M – $30.18M · ±10%
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
$154 / 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
$880,127
Tax year 2023
Assessed value
$12,764,710
Assessed 2023
Previous assessed
$12,764,710
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$1,163,610
Assessed improvement
$11,601,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
178,466 SF
Lot
19.37 ac (843,757 SF)
Zoning code
MS-3
APN
HTFD M:117 B:588 L:009
UPID
US15-1056092
Jurisdiction
HARTFORD
Zoning & alternative use
MS-3 · Hartford, CTZoning MS-3 · permitted uses
MS-3 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ound story uses. In addition to Storefront Buildings, Cottage Commercial, General, and Apartment Building Types are also permitted, introducing a mix of retail, service, residential, and office uses at the ground floor. MS-3 The MS-3 district is similar to the MS-2 district in its mix of building types and uses, but also introduces a limited number of vehicle-oriented buildings and uses, including the Commercial Center Building Type. It is
Zone name
Main Street 3
General category
MIXED_USE
Zone area
124.42 ac
Source
zoning regulations
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$18.0M
RESTAURANT
Est. value
$30.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.7M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
19.37 ac
Current owner
From public records · entity-resolved
WALMART BUSINES T
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX MS555, BENTONVILLE, AR 72716-0001
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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