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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    690 Hopmeadow St Simsbury, CT 06070-5401

    • Investment properties
    • 3.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0590105
    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

    • Rhenium Salon and Spa / Hair Salon / Nail Salon
    • Metro Bis Restaurant / Restaurant
    • Valley Book / Publishing House
    • Ensign House / Apartment Building
    • More of the Good Stuff / Physician

    Property Details for 690 Hopmeadow St

    Lot size
    3.24 lot acres
    Zone code
    SCZ
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SIMS M:G11 B:132 L:53
    APU
    SIMSMG11B132L53

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Simsbury
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8034
    Latitude
    41.8701
    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
    $63,523
    $248,640
    $1,747,690
    $1,996,330
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,387 SF

      560 Hopmeadow St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,387 SF
      560 Hopmeadow St, Simsbury, CT 06070-3199
      View Details
    • Value Estimation
      $1,825,000
      24,117 SF

      540 Hopmeadow St

      OFFICE/RESIDENTIAL (MIXED USE) • 24,117 SF
      540 Hopmeadow St, Simsbury, CT 06070-2496
      View Details
    • Value Estimation by Request
      3,683 SF

      5 Talcott Est

      OFFICE/RESIDENTIAL (MIXED USE) • 3,683 SF
      5 Talcott Est, Simsbury, CT 06070-2541
      View Details
    • Value Estimation by Request
      4,830 SF

      53 Quarry Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,830 SF
      53 Quarry Rd, Simsbury, CT 06070-1810
      View Details
    • Value Estimation
      $915,000
      13,017 SF

      8 Sta St, Unit 14

      OFFICE/RESIDENTIAL (MIXED USE) • 13,017 SF
      8 Sta St, Simsbury, CT 06070-2239
      View Details
    • Value Estimation by Request
      2,412 SF

      25 Weatogue St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,412 SF
      25 Weatogue St, Simsbury, CT 06070-2501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,998 SF

      Retail Property with Full Basement

      Two-story retail property with a full basement for sale.
      720 Hopmeadow St, Simsbury, CT 06070
      View Details
    • $2,500,000
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      Land Dorset Xing

      Land • 4.50 Acres
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      20,000 SF

      Simsbury Office Building For Sale

      Two-story office building in park-like setting, potential for multiple uses.
      10 Mill Pond Ln, Simsbury, CT 06070
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    • Contact for pricing

      Simsbury Land For Sale

      Land available in Simsbury with frontage retail opportunity.
      1503 Hopmeadow St, Simsbury, CT 06070
      View Details
    • $1,650,000

      Hunting Ridge Specialty Property

      Specialty property available for sale in Simsbury, Connecticut.
      24 Hunting Ridge Dr, Simsbury, CT 06070
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    • $1,950,000
      15,000 SF

      Simsbury Medical Office Building

      15,000 SF Medical Office, $1.95M
      30 Dorset Xing Dr, Simsbury, CT 06070
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      520 SF

      Retail Space For Rent

      Retail space suitable for various businesses.
      1404 Hopmeadow St, Simsbury, CT 06070
      View Details
    • Contact for pricing

      Simsbury Center Apartments Studio

      Renovated studio apartment near downtown Simsbury with modern amenities.
      969 Hopmeadow St, Simsbury, CT 06070
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with Drive-Thru

      Retail space available with drive-thru and high visibility.
      1263 Hopmeadow St, Simsbury, CT 06070
      View Details
    • $20 SF/Yr

      Retail and Office Space Available

      Retail and office spaces for rent in Simsbury Center.
      828 Hopmeadow St, Simsbury, CT 06070
      View Details
    • Contact for pricing
      58,445 SF

      Simsbury Commons Retail Center

      Prime Avon/Simsbury Retail Space Available
      0 Simsbury Rd, Avon, CT 06070
      View Details
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    690 Hopmeadow St
    Simsbury, CT 06070-5401
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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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