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Property profile & analytics
OFF-MARKET
Office buildings
597 Farmington Ave Hartford, CT 06105-3030
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0981283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1895
Construction
FRAME
Total area
4,593 SF
Lot
0.3 ac (12,998 SF)
Zoning code
MX-1
APN
HTFD M:111 B:375 L:081
UPID
US15-0981283
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
-
PEDIATRIC HEALTH ASSOCIATES, P.C. Pediatrician Medical Clinic
-
Dr. Robert Rutstein Physician
-
Dr. Sachin Dhingra Pediatrician Medical Clinic
-
Johnson S. Ronald Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
597 Farmington Ave LLC · 5 yrs held
597 Farmington Ave LLC
since 2020
Last sale
$400,000
4 recorded transactions
Zoning & alternative use
MX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,403
Tax year 2023
Assessed value
$266,910
Assessed 2023
Previous assessed
$266,910
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$73,500
Assessed improvement
$193,410
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Total area
4,593 SF
Lot
0.3 ac (12,998 SF)
Zoning code
MX-1
APN
HTFD M:111 B:375 L:081
UPID
US15-0981283
Jurisdiction
HARTFORD
Zoning & alternative use
MX-1 · Hartford, CT
Zoning MX-1 · permitted uses
MX-1 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1895
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
597 Farmington Ave LLC
Entity
Mailing address
597 FARMINGTON AVE, HARTFORD, CT 06105-3030
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
$400,000
597 Farmington Ave LLC
Robert Rutstein
Warranty Deed
$200,000 · Robert Rutstein
Nov 2, 1993
—
Robert Rutstein
—
Deed Of Trust
related
$310,000 · First National Bank Ct
May 19, 1988
—
Oscar Rutstein
—
Deed Of Trust
related
$380,000 · Connecticut Bank & Trust
Jan 7, 1988
$190,000
Oscar Rutstein
Mehler,luitpold F
Grant Deed
$152,000 · Connecticut Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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