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    Property profile & analytics

    541 Hazard Ave Enfield, CT 06082-4704

    • Showrooms
    • 8,780 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0970714
    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

    • Dalene Flooring Carpet One / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 541 Hazard Ave

    Year built
    1949
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.74 lot acres
    Property size
    8,780 SF
    Zone code
    BL
    Property type
    Showrooms
    APN
    ENFI M:101 L:0190
    APU
    ENFIM101L0190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $547,000
      Market price range: $460k - $1.14M
      AI Estimate
      $478,000
      Market price range: $329k - $1.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $815,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5154
    Latitude
    41.9852
    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
    $13,991
    $87,900
    $329,000
    $416,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,405,000
      144,625 SF

      Elm St

      SHOW ROOM, WAREHOUSE • 144,625 SF
      Elm St, Enfield, CT 06082
      View Details
    • Value Estimation
      $2,655,000
      57,322 SF

      481 Enfield St

      SHOW ROOM, WAREHOUSE • 57,322 SF
      481 Enfield St, Enfield, CT 06082-2426
      View Details
    • Value Estimation
      $1,010,000
      8,038 SF

      170 Hazard Ave

      SHOW ROOM, WAREHOUSE • 8,038 SF
      170 Hazard Ave, Enfield, CT 06082-4520
      View Details
    • Value Estimation
      $3,930,000
      31,216 SF

      7 Elm St

      SHOW ROOM, WAREHOUSE • 31,216 SF
      7 Elm St, Enfield, CT 06082-3669
      View Details
    • Value Estimation
      $1,245,000
      9,900 SF

      11 Shaker Rd

      SHOW ROOM, WAREHOUSE • 9,900 SF
      11 Shaker Rd, Enfield, CT 06082-3105
      View Details
    • Value Estimation
      $10,570,000
      235,055 SF

      90 Elm St

      SHOW ROOM, WAREHOUSE • 235,055 SF
      90 Elm St, Enfield, CT 06082-3770
      View Details

    Similar Nearby for Sale

    • New
      $1,149,900
      20,779 SF

      High-Visibility Commercial Property For Sale

      20,779 sq ft commercial property with high traffic exposure.
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    • New
      $775,000
      9,718 SF

      Enfield Mixed-Use Investment Opportunity

      Mixed-use property with commercial building and apartments for sale.
      740 Enfield St, Enfield, CT 06082
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    • $2,600,000

      Enfield Commercial and Residential Package

      Multi-parcel commercial and residential package with redevelopment potential in Enfield.
      534 Hazard Ave, Enfield, CT 06082
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    • $149,900

      Turnkey Polish Deli Opportunity

      Well-established Polish deli for sale in a prime location.
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    • $35,000

      Retail Business Opportunity For Sale

      Retail business for sale including all materials, inventory, and equipment.
      93 Raffia Rd, Enfield, CT 06082
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    • Contact for pricing
      7,790 SF

      Enfield Retail Strip Center Investment

      Three-tenant retail strip center in Enfield, Connecticut for sale.
      841 Enfield St, Enfield, CT 06082
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    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space in Enfield, CT

      Retail space available in shopping center with ample parking.
      95 Elm St, Enfield, CT 06082
      View Details
    • New
      $18 SF/Yr
      2,693 SF

      Commercial Space in Enfield, CT

      New build-to-suit commercial space for lease on Hazard Ave.
      619 Hazard Ave, Enfield, CT 06082
      View Details
    • Contact for pricing
      3,070 SF

      Retail Space in Enfield Square

      Retail space available in a prominent location off I-91.
      9 Hazard Ave, Enfield, CT 06082
      View Details
    • $15 SF/Yr
      2,867 SF

      Enfield Retail/Office Space Available

      2,867 SF retail or office space in Thompsonville neighborhood.
      92 Main St, Enfield, CT 06082
      View Details
    • New
      $2,500 /Mo
      2,000 SF

      Enfield Commercial Space For Lease

      Over 2000 sq ft of open space available for lease.
      9 N Main St, Enfield, CT 06082
      View Details
    • Contact for pricing
      1,577 SF

      Retail Space in Enfield Corridor

      Retail space available in high-traffic Enfield retail corridor.
      153 Elm St, Enfield, CT 06082
      View Details

    Property Visit Statistics

    • Visits by month
      26.9k
    • Visitors by month
      7.0k
    • Avg Time on site
      5 min
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    Enfield, CT 06082-4704
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    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
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