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    Property profile & analytics

    589 New Park Ave West Hartford, CT 06110-1300

    • Showrooms
    • 14,240 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Location Intelligence
    Property ID
    US15-1012657
    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

    • Excel Fitness / Gym / Personal Trainer
    • New Birth Worship Center / Church
    • Shefa of Grace Church / Church
    • Palabra de Dios sin Levadura / Association / Organization
    • 504 Honduran Cuisine / Honduran Restaurant / Restaurant

    Property Details for 589 New Park Ave

    Year built
    1953
    Construction
    STEEL FRAME
    Lot size
    0.67 lot acres
    Property size
    14,240 SF
    Zone code
    IG
    Property type
    Showrooms
    APN
    WHAR M:H14 B:3776 L:589
    APU
    WHARMH14B3776L589

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $510,000
      7%
      $605,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $555,000
      Mixed-Use
      $545,000
      Hospitality
      $560,000
      Educational
      $635,000
      Residential Income
      $635,000
      Energy
      $665,000
      Income-Based Land
      $660,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    West Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7234
    Latitude
    41.7348
    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
    $31,918
    $224,840
    $555,170
    $780,010
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      170,036 SF

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      SHOW ROOM, WAREHOUSE • 170,036 SF
      1500 New Britain Ave, West Hartford, CT 06110
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    • Value Estimation
      $225,000
      1,656 SF

      690 Flatbush Ave

      SHOW ROOM, WAREHOUSE • 1,656 SF
      690 Flatbush Ave, West Hartford, CT 06110-1308
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    • Value Estimation
      $300,000
      6,482 SF

      2 Caya Ave

      SHOW ROOM, WAREHOUSE • 6,482 SF
      2 Caya Ave, West Hartford, CT 06110-1186
      View Details
    • Value Estimation
      $285,000
      3,758 SF

      946 New Britain Ave

      SHOW ROOM, WAREHOUSE • 3,758 SF
      946 New Britain Ave, West Hartford, CT 06110-2228
      View Details
    • Value Estimation
      $310,000
      2,836 SF

      937 New Britain Ave

      SHOW ROOM, WAREHOUSE • 2,836 SF
      937 New Britain Ave, West Hartford, CT 06110-2269
      View Details
    • Value Estimation
      $405,000
      1,890 SF

      1137 New Britain Ave

      SHOW ROOM, WAREHOUSE • 1,890 SF
      1137 New Britain Ave, West Hartford, CT 06110-2412
      View Details

    Similar Nearby for Sale

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      2,836 SF

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    Similar Nearby for Lease

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      Retail space for lease in a busy West Hartford center.
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    • $15 SF/Yr
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      West Hartford Office Suites Available

      Prime Office Space, 1200-3254 sq ft
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    • Contact for pricing
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      Retail space in West Hartford's Elmwood neighborhood.
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    • $4,850 /Mo
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    589 New Park Ave
    West Hartford, CT 06110-1300
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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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