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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Showrooms
543 Prospect Ave West Hartford, CT 06105-2922
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US15-0477807
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1855
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,125 SF
Lot
0.24 ac (10,660 SF)
Zoning code
BG
APN
WHAR M:H8 B:4391 L:543
UPID
US15-0477807
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
-
Connecticut Bankruptcy, LLC Law Firm Financial Advisor
-
Beckett Suzann L Law Firm
-
Minich Stephen Law Firm
-
Raine Property Management LLC Property Management Company
-
Education Advocacy, LLC Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$725k
Owner & transaction history
Raine Property Mgmt LLC · 19 yrs held
Raine Property Mgmt LLC
since 2006
3 recorded transactions
Zoning & alternative use
BG · West Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+95.5%
Retail stores
$620,000
+15.5%
Auto repair, garage
$550,000
+2.4%
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 West Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
RESTAURANT
$1,045,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: +0% · Conversion: Moderate
OFFICE BUILDING
$460,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$118 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$25,966
Tax year 2023
Assessed value
$634,550
Assessed 2023
Previous assessed
$634,550
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$118,230
Assessed improvement
$516,320
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
1855
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
6,125 SF
Lot
0.24 ac (10,660 SF)
Zoning code
BG
APN
WHAR M:H8 B:4391 L:543
UPID
US15-0477807
Jurisdiction
WEST HARTFORD
Zoning & alternative use
BG · West Hartford, CT
Zoning BG · permitted uses
BG · West Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$535,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
OFFICE BUILDING
Est. value
$460,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1855
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Raine Property Mgmt LLC
Entity
Mailing address
543 PROSPECT AVE, WEST HARTFORD, CT 06105-2922
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2006
$670,000
Raine Property Mgmt LLC
Building Rehabilitati LLC
Warranty Deed
$502,500 · Webster Bank
May 7, 1999
—
Building Rhbltns LLC
—
Deed Of Trust
related
$367,500 · Savings Bank Of Manchester
Oct 9, 1998
$84,000
Building Rehab LLC
Centerline Rlty Corp
Warranty Deed
—
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.
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