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    Property profile & analytics

    5 Main St Chester, CT 06412-1302

    • Investment properties
    • 2,754 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    May 03, 2021
    $330,000
    Location Intelligence
    Property ID
    US15-0296475
    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

    • The Studio At Millhouse / Art Studio
    • The Millhouse Downtown Chester / Homestay
    • Skin Therapy by Hannah / Spa
    • Shandell’s / Antique Store
    • The Mill House Gallery / Art Gallery

    Property Details for 5 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    2,754 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CHES M:14 B:330
    APU
    CHESM14B330

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $260,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $230,000
      Mixed-Use
      $285,000
      Hospitality
      $270,000
      Educational
      $255,000
      Residential Income
      $295,000
      Energy
      $270,000
      Income-Based Land
      $240,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4514
    Latitude
    41.4027
    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
    $8,857
    $81,930
    $216,290
    $298,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      4,949 SF

      159 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,949 SF
      159 Main St, Chester, CT 06412-1377
      View Details
    • Value Estimation
      $700,000
      4,667 SF

      1 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,667 SF
      1 Maple St, Chester, CT 06412-1314
      View Details
    • Value Estimation
      $340,000
      1,932 SF

      76 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,932 SF
      76 Main St, Chester, CT 06412-1340
      View Details
    • Value Estimation
      $265,000
      3,431 SF

      17 Main St, Unit 17

      OFFICE/RESIDENTIAL (MIXED USE) • 3,431 SF
      17 Main St, Chester, CT 06412-1311
      View Details
    • Value Estimation
      $200,000
      1.04 Acres

      87-89 Middlesex Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1.04 Acres
      87-89 Middlesex Ave, Chester, CT 06412
      View Details
    • Value Estimation
      $385,000
      1,444 SF

      51 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,444 SF
      51 Main St, Chester, CT 06412-1311
      View Details

    Similar Nearby for Sale

    • $4,695,000
      21,905 SF

      Mixed-Use Investment Opportunity in Chester

      Fully leased mixed-use property with retail, office, and residential spaces.
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      2,160 SF

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      Kings Hwy Specialty Property

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      Renovated Two-Family Home

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      Undeveloped Land on Private Road

      2.25 acre undeveloped building lot with private road access.
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    Similar Nearby for Lease

    • $1,700 /Mo

      Historic Chester Village Retail Space

      Retail or studio space in historic 1809 Greek Revival building.
      1 North Main St, Chester, CT 06412
      View Details
    • $850 /Mo
      800 SF

      Chester Commercial Space For Lease

      Multi-tenant building with Route 9 access, suitable for various uses.
      3 Inspiration Ln, Chester, CT 06412
      View Details
    • $6,500 /Mo
      4,000 SF

      Class A Office Space Available

      Move-in ready office space with no CAM charges and ample parking.
      3 Inspiration Ln, Chester, CT 06412
      View Details
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    5 Main St
    Chester, CT 06412-1302
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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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