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Property profile & analytics

760 Hopmeadow St Simsbury, CT 06070-2257

  • Office buildings
  • 9,856 SF
  • 0.40 lot acres
OFF-MARKET
Value Estimations
$1,360,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US15-0472225
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

  • Richman Business Brokerage & Insurance, LLC / Business Broker
  • Melissa Hartman, CPA / Accounting Firm / Tax Preparation
  • Sustainable Health & Wellness / Gym & Fitness Center / Alternative Medicine Practice
  • Emerald Consulting / Consultant

Property Details for 760 Hopmeadow St

Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.40 lot acres
Property size
9,856 SF
Zone code
SCZ
Property type
Office buildings
APN
SIMS M:G10 B:205 L:3+4
APU
SIMSMG10B205L34

Description

This exceptional 14,092 square foot commercial building, located at 760 Hopmeadow Street in Simsbury, CT, presents a unique investment opportunity. Originally constructed in 1917 as the Simsbury Bank & Trust, this stunning example of Colonial Revival architecture has been meticulously preserved and restored to its original grandeur. A complete restoration was undertaken in 1994, ensuring the building's historical integrity while incorporating modern amenities. Significant capital improvements were made just ten years ago, transforming the space into efficient and attractive office suites. The building currently boasts a fully leased occupancy, with all utilities and WiFi included in the rental rates for each tenant. The lower level comprises 4,236 square feet of finished space, also currently under lease. Situated on a 0.4-acre lot, this property offers convenient access and ample parking. Its listing on the National Register of Historic Places adds significant prestige and potential for tax incentives. This is a rare chance to acquire a historically significant, fully occupied, and well-maintained commercial property in a desirable Connecticut location. The asking price is $1,200,000.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,303,000
    Market price range: $697k - $1.52M
    AI Estimate
    $1,416,000
    Market price range: $688k - $1.60M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $1,085,000
    Current use
    RESTAURANT
    $1,685,000
    Change: +55% Conversion: Moderate
    RETAIL STORES
    $1,135,000
    Change: +4% Conversion: Moderate
    AUTO REPAIR, GARAGE
    $990,000
    Change: -9% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $930,000
    Change: -14% Conversion: Easy
    APARTMENT HOUSE (5+ UNITS)
    $905,000
    Change: -17% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Simsbury
County
Hartford
State
Connecticut
Longitude
-72.8013
Latitude
41.8751
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
$32,039
$109,200
$897,680
$1,006,880
-
$0.00
$0.00
$0.00
More about this property
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