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    Property profile & analytics

    7 Main St Essex, CT 06426-1029

    • Showrooms
    • 1,806 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $525,000
    Last Sale
    Oct 03, 2023
    $487,500
    Location Intelligence
    Property ID
    US15-0987148
    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

    • The RiverLane / Dress Store / Fashion Accessories Store
    • Raymond James Financial Services / Financial Consultant / Financial Planner
    • Mama's Gardens Holistic Boutique / Health And Beauty Shop

    Property Details for 7 Main St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    1,806 SF
    Property type
    Showrooms
    APN
    ESSE M:47 B:118
    APU
    ESSEM47B118

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $410,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $475,000
      Mixed-Use
      $455,000
      Hospitality
      $440,000
      Educational
      $485,000
      Residential Income
      $430,000
      Energy
      $490,000
      Income-Based Land
      $430,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Essex
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.3905
    Latitude
    41.3539
    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
    $6,596
    $214,300
    $77,700
    $292,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      21,726 SF

      8-60 Plz Dr

      SHOW ROOM, WAREHOUSE • 21,726 SF
      8-60 Plz Dr, Essex, CT 06426
      View Details
    • Value Estimation
      $310,000
      3,537 SF

      135 Dennison Rd

      SHOW ROOM, WAREHOUSE • 3,537 SF
      135 Dennison Rd, Essex, CT 06426-1361
      View Details
    • Value Estimation
      $500,000
      1,439 SF

      3 Main St

      SHOW ROOM, WAREHOUSE • 1,439 SF
      3 Main St, Essex, CT 06426-1106
      View Details
    • Value Estimation
      $1,575,000
      1,624 SF

      6 Main St

      SHOW ROOM, WAREHOUSE • 1,624 SF
      6 Main St, Essex, CT 06426-1119
      View Details
    • Value Estimation
      $275,000
      6,935 SF

      57 Main St

      SHOW ROOM, WAREHOUSE • 6,935 SF
      57 Main St, Essex, CT 06426-1150
      View Details
    • Value Estimation
      $460,000
      3,004 SF

      8 Novelty Ln

      SHOW ROOM, WAREHOUSE • 3,004 SF
      8 Novelty Ln, Essex, CT 06426-1168
      View Details

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    Similar Nearby for Lease

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      Commercial Space in Essex Village

      Commercial space for lease in the heart of Essex Village.
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    • Contact for pricing
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      Essex Office Space For Rent

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      Office space in prime Essex location with flexible floor plan.
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      View Details
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    7 Main St
    Essex, CT 06426-1029
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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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