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    Property profile & analytics

    605 Main St New Britain, CT 06051-2060

    • Investment properties
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US15-0491388
    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

    • Investment properties

    Property Details for 605 Main St

    Lot size
    0.65 lot acres
    Zone code
    TOD-EM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NBRI M:B7D B:144
    APU
    NBRIMB7DB144

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $395,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $425,000
      Mixed-Use
      $385,000
      Hospitality
      $370,000
      Educational
      $410,000
      Residential Income
      $425,000
      Energy
      $355,000
      Income-Based Land
      $395,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7676
    Latitude
    41.6713
    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
    $15,804
    $45,500
    $367,360
    $412,860
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.96 Acres

      195 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.96 Acres
      195 Main St, New Britain, CT 06051-3108
      View Details
    • Value Estimation
      $305,000
      0.23 Acres

      347 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      347 Park St, New Britain, CT 06051-2726
      View Details
    • Value Estimation
      $300,000
      0.22 Acres

      200 Nn St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.22 Acres
      200 Nn St, New Britain, CT 06051-1913
      View Details
    • Value Estimation
      $240,000
      0.24 Acres

      23 John St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.24 Acres
      23 John St, New Britain, CT 06051-2724
      View Details
    • Value Estimation
      $230,000
      0.15 Acres

      49 Woodland St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.15 Acres
      49 Woodland St, New Britain, CT 06051-3265
      View Details
    • Value Estimation
      $1,700,000
      0.67 Acres

      111 Beaver St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.67 Acres
      111 Beaver St, New Britain, CT 06051-4423
      View Details

    Similar Nearby for Sale

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      Pending

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    Similar Nearby for Lease

    • $1,600 /Mo

      Mixed-Use Property in New Britain

      Versatile space with high traffic and private parking available for rent.
      250 North St, New Britain, CT 06051
      View Details
    • $7 SF/Yr
      35,000 SF

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      35,000 SF Manufacturing Facility, 7,750 SF Available
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      View Details
    • $1,000 /Mo

      Downtown Commercial Space Available

      Second-floor office/retail space with open area and three offices.
      494 Main St, New Britain, CT 06051
      View Details
    • $1,600 /Mo

      Updated Three-Bedroom Apartment Available

      Move-in ready 3-bedroom apartment near amenities and transportation.
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      View Details
    • $2,899 /Mo
      2,338 SF

      Historic Office Space in New Britain

      Updated office space in a historic downtown New Britain building.
      114 West Main St, New Britain, CT 06051
      View Details
    • $1,575 /Mo

      Ranch Style Apartment For Rent

      Second floor apartment featuring 3 bedrooms and basement storage.
      12 South St, New Britain, CT 06051
      View Details
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    605 Main St
    New Britain, CT 06051-2060
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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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