Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Park Ave East Hartford, CT 06108-1862

    • Residential income homes
    • 4,800 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0530114
    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

    • Residential income homes

    Property Details for 500 Park Ave

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    4,800 SF
    Zone code
    R-5
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    EHAR M:37 L:231
    APU
    EHARM37L231

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6143
    Latitude
    41.7837
    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
    2024
    $11,598
    $31,750
    $231,840
    $263,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,448 SF

      105 Woodlawn Cir, Unit 111

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,448 SF
      105 Woodlawn Cir, East Hartford, CT 06108-2865
      View Details
    • Value Estimation by Request
      3,252 SF

      117 Cannon Rd, Unit 123

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,252 SF
      117 Cannon Rd, East Hartford, CT 06108-2811
      View Details
    • Value Estimation by Request
      3,448 SF

      69 Woodlawn Cir, Unit 75

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,448 SF
      69 Woodlawn Cir, East Hartford, CT 06108-2864
      View Details
    • Value Estimation by Request
      3,328 SF

      22 Indian Hl St, Unit 28

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,328 SF
      22 Indian Hl St, East Hartford, CT 06108-2847
      View Details
    • Value Estimation by Request
      3,778 SF

      71 Central Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,778 SF
      71 Central Ave, East Hartford, CT 06108-3130
      View Details
    • Value Estimation by Request
      3,328 SF

      28 Community St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,328 SF
      28 Community St, East Hartford, CT 06108
      View Details

    Similar Nearby for Sale

    • $1,275,000
      21,736 SF

      East Hartford Multifamily Conversion Opportunity

      Versatile property in high-traffic area, ideal for multifamily conversion.
      745 Burnside Ave, East Hartford, CT 06108
      View Details
    • $419,990

      Multifamily Home Close to Town

      Multifamily home with spacious rooms, storage, and parking.
      61 Central Ave, East Hartford, CT 06108
      View Details
    • $259,000

      East Hartford Two-Family Home

      Two-family home in central East Hartford, delivered unoccupied.
      41 Bissell St, East Hartford, CT 06108
      View Details
    • $339,900

      East Hartford Multifamily Opportunity

      Multifamily property for sale in East Hartford, Connecticut.
      113 Woodlawn Cir, East Hartford, CT 06108
      View Details
    • $399,900
      2,859 SF

      East Hartford Multifamily Home

      Two-family home with attic and finished basement, two-car garage.
      816 Burnside Ave, East Hartford, CT 06108
      View Details
    • $275,000

      East Hartford Duplex For Sale

      Duplex near highway and downtown, suitable for owner occupancy.
      115 Governor St, East Hartford, CT 06108
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      East Hartford Studio Apartment

      Studio apartment near I-84 and Route 2 in East Hartford.
      1252 Main St, East Hartford, CT 06108
      View Details
    • $1,650 /Mo

      Freshly Painted Two-Bedroom Apartment

      Move-in ready apartment near bus line and highways.
      4 Tower Rd, East Hartford, CT 06108
      View Details
    • $1,300 /Mo

      Stylish Apartment Near Hartford Hospital

      Modern 1-bedroom apartment with landlord-paid heat and hot water.
      27 Congress St, Hartford, CT 06108
      View Details
    • $1,600 /Mo

      Updated Two-Bedroom Apartment For Rent

      Recently updated two-bedroom apartment with utilities included and parking.
      645 Burnside Ave, East Hartford, CT 06108
      View Details
    • $1,600 /Mo

      East Hartford Multifamily Rental

      Recently updated 5-room first-floor unit near amenities.
      32 Wells Ave, East Hartford, CT 06108
      View Details
    • $2,100 /Mo

      Move-in Ready 2-Bedroom Unit

      Well-maintained 2-bedroom unit with in-unit laundry and off-street parking.
      21 Oakwood St, East Hartford, CT 06108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Park Ave
    East Hartford, CT 06108-1862
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.