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Property profile & analytics
FOR SALE
Medical Office Space
81 Gillett St, Hartford, CT 06105
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0011354
For Sale
1 / 2
$620,000
81 Gillett St, Hartford, CT 06105
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
12,480 SF
Lot
0.35 ac (15,102 SF)
Zoning code
MX-1
APN
HTFD M:155 B:315 L:019
UPID
US15-0011354
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Connecticut Surgery Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$620k
Owner & transaction history
Gillett 81 LLC · 6 yrs held
Gillett 81 LLC
since 2020
5 recorded transactions
Zoning & alternative use
MX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$985,000
+10.6%
Auto repair, garage
$980,000
+10.0%
Office building
$960,000
+8.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
RETAIL STORES
$985,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: +8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$785,000
Change: -12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,447
Tax year 2023
Assessed value
$1,108,730
Assessed 2023
Previous assessed
$1,108,730
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$42,840
Assessed improvement
$1,065,890
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1986
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Total area
12,480 SF
Lot
0.35 ac (15,102 SF)
Zoning code
MX-1
APN
HTFD M:155 B:315 L:019
UPID
US15-0011354
Jurisdiction
HARTFORD
Zoning & alternative use
MX-1 · Hartford, CT
Zoning MX-1 · permitted uses
MX-1 · Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$890,000
RETAIL STORES
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$980,000
OFFICE BUILDING
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$760,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Gillett 81 LLC
Entity
Mailing address
1010 WETHERSFIELD AVEAC, HARTFORD, CT 06114-3149
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
B S D LLC
—
Deed
related
$2,590,000 · Sachem Capital Corp
Jun 2, 2020
—
Gillett 81 LLC
Connecticut Surgey Props
Warranty Deed
$710,000 · Sachem Cap Corp
Dec 4, 2007
$2,000,000
Conn Surgery Prop INC
Nsc Connecticut INC
Warranty Deed
—
Aug 21, 1997
$2,200,000
Nsc Conn INC
Rubino,margaret
Grant Deed
—
Jul 9, 1987
—
Margaret V Rubino
—
Deed Of Trust
related
$1,900,000 · Connecticut Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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