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    Property profile & analytics

    62 Main St East Hampton, CT 06424-1174

    • Residential income homes
    • 2,144 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0777980
    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

    • Residential income homes

    Property Details for 62 Main St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    2,144 SF
    Zone code
    VC
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    EHAM M:02A B:47 L:30
    APU
    EHAMM02AB47L30

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $268,000
      Market price range: $177k - $296k
      AI Estimate
      $242,000
      Market price range: $164k - $262k

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.5033
    Latitude
    41.5761
    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
    $6,251
    $52,500
    $120,840
    $173,340
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      3,745 SF

      1 Edgerton St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,745 SF
      1 Edgerton St, East Hampton, CT 06424-1209
      View Details
    • Value Estimation
      $285,000
      2,770 SF

      23 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,770 SF
      23 Main St, East Hampton, CT 06424-1142
      View Details
    • Value Estimation
      $295,000
      4,724 SF

      14 High St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,724 SF
      14 High St, East Hampton, CT 06424-1076
      View Details
    • Value Estimation
      $300,000
      3,336 SF

      28 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,336 SF
      28 Main St, East Hampton, CT 06424-1149
      View Details
    • Value Estimation
      $285,000
      3,214 SF

      2 Sinco Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,214 SF
      2 Sinco Pl, East Hampton, CT 06424-2136
      View Details
    • Value Estimation
      $295,000
      1,512 SF

      7 Hls Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,512 SF
      7 Hls Ave, East Hampton, CT 06424-5001
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3,430 SF

      Renovated Mixed-Use Property For Sale

      Mixed-use property with restaurant and luxury apartments in Marlborough, CT.
      17 N Main St, Marlborough, CT 06424
      View Details
    • $724,900
      3,152 SF

      Two Homes on One Lot

      Single-family home and three-unit multi-family on 2.32 acres.
      226 West High St, East Hampton, CT 06424
      View Details
    • $299,900

      Three-Family Home Near Village Center

      Three-unit property with income potential near East Hampton Village.
      22 Lakeview St, East Hampton, CT 06424
      View Details
    • $524,900
      2,000 SF

      East Hampton Duplex Near Lake

      Two-unit duplex near Lake Pocotopaug, ideal for investment or owner-occupancy.
      141 East High St, East Hampton, CT 06424
      View Details
    • $69,500
      1.50 Acres

      East Hampton Residential Building Lot

      1.5-Acre Cul-de-Sac Lot, $69,500
      51 School House Ln, East Hampton, CT 06424
      View Details
    • $657,900

      East Hampton Specialty Property

      Specialty property available for sale in East Hampton, CT.
      14 Freya Ln, East Hampton, CT 06424
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,260 SF

      East Hampton Plaza Retail Space

      Prime Retail Space, High Traffic Area
      11 High St, East Hampton, CT 06424
      View Details
    • $5,000 /Mo
      5,000 SF

      Spacious Standalone Building, Build-Out Ready

      5,000 sq ft building suitable for retail, office, medical.
      13 north Main St, East Hampton, CT 06424
      View Details
    • $27 SF/Yr
      18,308 SF

      Turnkey Medical/Retail Space Available

      Move-in ready medical office and retail space in East Hampton.
      42 E High St, East Hampton, CT 06424
      View Details
    • $999 /Mo
      750 SF

      Small Office Space Available

      750 sqft office space for rent, flexible terms.
      205 East High St, East Hampton, CT 06424
      View Details
    • Contact for pricing
      2,500 SF

      Dominant Shopping Center Retail Space

      Retail space available in East Hampton Plaza shopping center.
      9 E High St, East Hampton, CT 06424
      View Details
    • Contact for pricing
      5,155 SF

      East Hampton Retail Space

      Retail property available for rent in East Hampton, CT.
      11 Edgewater Cir, East Hampton, CT 06424
      View Details
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    62 Main St
    East Hampton, CT 06424-1174
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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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