Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Showrooms
51 Applegate Ln East Hartford, CT 06118-1201
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0124032
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
FRAME
Total area
52,617 SF
Lot
4.26 ac (185,566 SF)
Zoning code
B-1
APN
EHAR M:46 L:19
UPID
US15-0124032
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
-
East Hartford Healthcare: Paulekas Wayne C MD Physician
-
Raad AC N MD Physician
-
Kimberly Giordano, OTR Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.26M
Owner & transaction history
51 Applegate Ptrs LLC · 6 yrs held
51 Applegate Ptrs LLC
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
B-1 · 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
Community Business
General category
COMMERCIAL
Zone area
345.91 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
$1,880,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.23M (Jan 3 2020)
Last sale anchor
$2.23M
Jan 3 2020
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
$43 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$21,911
Tax year 2024
Assessed value
$497,970
Assessed 2024
Previous assessed
$497,970
+0.0% YoY
Effective rate
4.40%
On assessed value
Assessed land
$209,500
Assessed improvement
$288,470
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
1
Units
140
Total area
52,617 SF
Lot
4.26 ac (185,566 SF)
Zoning code
B-1
APN
EHAR M:46 L:19
UPID
US15-0124032
Jurisdiction
EAST HARTFORD
Zoning & alternative use
B-1 · East Hartford, CTZoning B-1 · permitted uses
B-1 · 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
Community Business
General category
COMMERCIAL
Zone area
345.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
FRAME
Heating
ELECTRIC
Stories
1
Buildings
1
Units
140
Lot
4.26 ac
Current owner
From public records · entity-resolved
51 Applegate Ptrs LLC
Entity
Mailing address
301 E 66TH ST APT 6E, NEW YORK, NY 10065-6215
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
51 Applegate Partners LLC
—
Deed
related
$4,008,390 · A&s Capital LLC
Jan 3, 2020
—
51 Applegate Ptrs LLC
Applegate Realty LLC
Warranty Deed
$2,600,000 · Lurton Cap LLC
Oct 2, 2014
$2,225,000
Applegate Rlty LLC
Aurora Holding 2 LLC
Warranty Deed
$1,900,000 · Robert G Owens
Jan 3, 2011
$4,462,200
Aurora Holdings 11 LLC
Cse East Hartford LLC
Grant Deed
$14,321,700 · Cse East Hartford LLC
Jan 3, 2011
—
Aurora Holdings 11 LLC
—
Deed Of Trust
related
$659,672 · Aurora Financial Group INC
Aug 5, 2008
$9,063,176
Cse East Hartford Ct LLC
Applegate Lane INC
Grant Deed
—
Dec 20, 2004
—
Waterford Equities LLC
—
Deed Of Trust
related
$26,400,000 · Capital Source Mortgage Co INC
Jan 11, 1991
—
Applegate Lane INC
—
Deed Of Trust
related
$472,171 · Advest Bank
Oct 25, 1990
—
Medway INC
—
Deed Of Trust
related
$675,000 · First National Bank Ct
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51 Applegate Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
