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    Property profile & analytics

    506 Silas Deane Hwy Wethersfield, CT 06109-2236

    • Retail space
    • 4,842 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Location Intelligence
    Property ID
    US15-0314735
    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

    • Lapila's Home Gallery Plus CT Flooring / Bathroom Remodeler / Custom Home Builder
    • Thistle Needleworks / Needlework Shop
    • Bellezza Salon & Spa / Beauty Salon / Hair Salon
    • Lapila's LLC / Bathroom Remodeler / Home Improvement Store

    Property Details for 506 Silas Deane Hwy

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Property size
    4,842 SF
    Zone code
    TC
    Property type
    Retail space
    APN
    WETH M:207 B:049
    APU
    WETHM207B049

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $440,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $470,000
      Mixed-Use
      $360,000
      Hospitality
      $350,000
      Educational
      $335,000
      Residential Income
      $395,000
      Energy
      $430,000
      Income-Based Land
      $365,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Wethersfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6633
    Latitude
    41.712
    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
    $22,646
    $122,510
    $419,520
    $542,030
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $405,000
      3,200 SF

      462-464 Silas Deane Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      462-464 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • Value Estimation
      $825,000
      4,124 SF

      398 Silas Deane Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,124 SF
      398 Silas Deane Hwy, Wethersfield, CT 06109-2128
      View Details
    • Value Estimation
      $400,000
      5,997 SF

      675 Wolcott Hl Rd, Unit 681

      RETAIL STORES (PERSONAL SERVICES) • 5,997 SF
      675 Wolcott Hl Rd, Wethersfield, CT 06109-3368
      View Details
    • Value Estimation
      $1,020,000
      7,615 SF

      66 Wolcott Hl Rd, Unit 74

      RETAIL STORES (PERSONAL SERVICES) • 7,615 SF
      66 Wolcott Hl Rd, Wethersfield, CT 06109-1279
      View Details
    • Value Estimation
      $470,000
      5,000 SF

      942 Silas Deane Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      942 Silas Deane Hwy, Wethersfield, CT 06109-4227
      View Details
    • Value Estimation
      $335,000
      4,955 SF

      574 Silas Deane Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,955 SF
      574 Silas Deane Hwy, Wethersfield, CT 06109-2217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,000 SF

      Retail Development Opportunity Near I-91

      Retail development opportunity off I-91 for ground lease or build-to-suit.
      1760 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • $2,956,522

      Retail Property For Sale

      Retail property available for purchase in Wethersfield, Connecticut.
      872 Silas Deane Hwy, Wethersfield, CT 06109
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      Specialty property available for sale on Prospect Street.
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      Wethersfield Church For Sale

      Church property available for sale in Wethersfield, Connecticut.
      118 Church St, Wethersfield, CT 06109
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      Ridge Road Specialty Property

      Specialty property available for sale on Ridge Road.
      876 Ridge Rd, Wethersfield, CT 06109
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      Specialty Property For Sale

      Specialty property available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Wethersfield Plaza

      Retail space for lease in a busy Wethersfield plaza.
      105-129 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • Contact for pricing
      624 SF

      Wethersfield Retail Space Available

      Retail space available for rent in Wethersfield, Connecticut.
      27 Town Line Rd, Wethersfield, CT 06109
      View Details
    • $45 SF/Yr
      2,630 SF

      Retail Space on Silas Deane

      Retail space available for lease on Silas Deane Highway.
      1345 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • Contact for pricing
      9,500 SF

      Renovated Retail and Flex Space

      Renovated retail/flex space with high visibility and easy highway access.
      898-904 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • $22 SF/Yr
      6,000 SF

      Wethersfield Retail/Bank/Medical/Office Space

      Up to 6,000 SF available for lease in Wethersfield, CT.
      1190 Silas Deane Hwy, Wethersfield, CT 06109
      View Details
    • Contact for pricing
      178,888 SF

      Wethersfield Retail Center Investment

      High-traffic retail space available
      1380-1430 Berlin Tpke, Wethersfield, CT 06109
      View Details
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    Wethersfield, CT 06109-2236
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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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