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Financial
Distress signals
Property profile

650 Franklin Ave Hartford, CT 06114

FOR LEASE
Manufacturing properties
Property ID
US15-0809054
22,801 SF 0.81 ac lot Built 1920
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
650 Franklin Ave, Hartford, CT 06114 For Lease 1 / 39
$14 SF/Yr 21,473 SF available
650 Franklin Ave, Hartford, CT 06114
View Listing

Property summary

AI-generated overview

650 Franklin Avenue is a single-story brick office building comprising 21,473 square feet on a 1.20-acre parcel in Hartford, Connecticut. The masonry construction and stand-alone site configuration support use as an office facility, and the one-level layout aligns with organizations that prefer operations consolidated on a single floor. The parcel size provides outdoor and site-area capacity that may support a campus-style arrangement for day-to-day tenant activities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$31k
Tax billed · 2024
Assessed value$450k
Assessed land$178k
Assessed improvement$272k
Effective rate6.90%

Value estimate

· Oct 2026
$650k
$585k – $715k
AI approach$650k
Submarket $/SF estimate$873k
NOI build-up
Gross scheduled income$366k
Vacancy & credit loss−$20k
Operating expenses−$104k
NOI · 1,728,878.57% cap applied$242k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
Submarket average, outlier-cleaned · 74 recorded sales of this use type
Observed band · Q1–Q3$34 – $82
Qualifying comparables5

Cap rate analysis

How does the asset earn?
1,728,878.57%
$242k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NX-2
The NX-2 district is intended for neighborhood areas with a wide mix of building forms, including Apartment Buildings, Stacked Flats, and...
General categoryUNKNOWN
JurisdictionHARTFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.7
Pawn Shop10.5
Computer & Electronic Repair10.1

Location

650 Franklin Ave Hartford, CT 06114
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
465 Ledyard, Hartford, CT 06114-3211 $490,000 Oct 2023 12,083 SF
75 Airport, Hartford, CT 06114-2004 $1,805,000 Mar 2023 18,165 SF
376 Ledyard, Hartford, CT 06114-3201 $1,805,000 Mar 2023 15,827 SF
480 Ledyard, Hartford, CT 06114-3207 $300,000 Feb 2022 9,830 SF
306 Locust, Hartford, CT 06114-2010 $650,000 Dec 2021 4,470 SF
445 Ledyard, Hartford, CT 06114-3211 $1,700,000 Mar 2019 24,900 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $2,195,000
    24,900 SF
    445 Ledyard St
    MANUFACTURING (LIGHT)
    445 Ledyard St, Hartford, CT 06114-3211
    View Details
  • Value Estimation
    $900,000
    20,130 SF
    440 Ledyard St
    MANUFACTURING (LIGHT)
    440 Ledyard St, Hartford, CT 06114-3207
    View Details
  • Value Estimation
    $825,000
    18,270 SF
    131 Elliott E St
    MANUFACTURING (LIGHT)
    131 Elliott E St, Hartford, CT 06114-1515
    View Details
  • Value Estimation
    $1,855,000
    18,165 SF
    75 Airport Rd
    MANUFACTURING (LIGHT)
    75 Airport Rd, Hartford, CT 06114-2004
    View Details
  • Value Estimation
    $1,855,000
    15,827 SF
    376 Ledyard St
    MANUFACTURING (LIGHT)
    376 Ledyard St, Hartford, CT 06114-3201
    View Details
  • Value Estimation
    $490,000
    12,083 SF
    465 Ledyard St
    MANUFACTURING (LIGHT)
    465 Ledyard St, Hartford, CT 06114-3211
    View Details

Similar in This City for Sale

  • Contact for pricing
    38,000 SF
    Leased Industrial Buildings For Sale
    Three industrial buildings for sale, generating $275,635 NOI.
    386 Ledyard St, Hartford, CT 06114
    View Details
  • Contact for pricing
    8,000 SF
    Industrial Building with Office
    Industrial building includes 1,000 sf of office space, two loading docks, and a drive-in door on a 0.71-acre site.
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    View Details
  • New
    Contact for pricing
    5,911 SF
    Flex Facility with Fenced Yard
    Combined office and warehouse property with drive-in access, fenced outdoor storage, and on-site electric vehicle charging.
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    View Details

Similar in This City for Lease

  • Contact for pricing
    16,160 sqft
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  • Contact for pricing
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  • $7.95 SF/Yr
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    12,500 SF flex space for rent in Hartford.
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  • $7 SF/Yr
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  • New
    $7 SF/Yr
    45,000 sqft
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  • New
    Contact for pricing
    58,000 sqft
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    Flex space on a 1.24-acre site with 100% sprinklering and an air-conditioned mezzanine office, zoned MX-1.
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    View Details
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650 Franklin Ave, Hartford, CT, 06114
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