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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Commercial real estate
499 Main St East Hartford, CT 06118
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0078811
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.41 ac (17,860 SF)
Zoning code
B-2
APN
EHAR M:11 L:30
UPID
US15-0078811
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Vn Family Property LLC · 4 yrs held
Vn Family Property LLC
since 2021
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
B-2 · East Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The various business districts recognize existing development patterns in East Hartford and provide areas for business uses and development appropriate to the characteristics of each area
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
243.70 ac
Source
Realmo
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 East Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$665,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $550k (Aug 3 2021)
Last sale anchor
$550k
Aug 3 2021
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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,269
Tax year 2024
Assessed value
$256,120
Assessed 2024
Previous assessed
$256,120
+0.0% YoY
Effective rate
4.40%
On assessed value
Assessed land
$71,520
Assessed improvement
$184,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
2
Units
6
Lot
0.41 ac (17,860 SF)
Zoning code
B-2
APN
EHAR M:11 L:30
UPID
US15-0078811
Jurisdiction
EAST HARTFORD
Zoning & alternative use
B-2 · East Hartford, CTZoning B-2 · permitted uses
B-2 · East Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The various business districts recognize existing development patterns in East Hartford and provide areas for business uses and development appropriate to the characteristics of each area
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
243.70 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Units
6
Lot
0.41 ac
Current owner
From public records · entity-resolved
Vn Family Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
501 MAIN ST, EAST HARTFORD, CT 06118-1002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
—
Vn Family Property LLC
Bao Lam
Quit Claim Deed
related
—
Apr 9, 2020
$550,000
Bao Lam
Harbison Props LLC
Warranty Deed
$375,000 · Harbison Props
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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