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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Investment properties
881-885 Broad St, Hartford, CT 06106
Entity Owned
3-yr Hold
Property ID
US15-0643720
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
13,274 SF
Lot
0.11 ac (4,922 SF)
Zoning code
MS-1
APN
HTFD M:204 B:536 L:203
UPID
US15-0643720
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$845k
Owner & transaction history
881 Broad St LLC · 3 yrs held
881 Broad St LLC
since 2022
Last sale
$855,000
7 recorded transactions
Zoning & alternative use
MS-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+49.0%
Apartment house (5+ units)
$1.3M
+46.1%
Auto repair, garage
$1.2M
+32.1%
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
$635,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$900,000
Current use
RETAIL STORES
$1,340,000
Change: +49% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,190,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$740,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $855k (Dec 1 2022)
Last sale anchor
$855k
Dec 1 2022
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
$64 / 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
$31,990
Tax year 2023
Assessed value
$463,960
Assessed 2023
Previous assessed
$463,960
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$27,580
Assessed improvement
$436,380
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
4
Units
12
Rooms
39
Total area
13,274 SF
Lot
0.11 ac (4,922 SF)
Zoning code
MS-1
APN
HTFD M:204 B:536 L:203
UPID
US15-0643720
Jurisdiction
HARTFORD
Zoning & alternative use
MS-1 · Hartford, CT
Zoning MS-1 · permitted uses
MS-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
COMMERCIAL (GENERAL) Current
Est. value
$900,000
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$740,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1920
Construction
FRAME
Heating
HOT WATER
Stories
4
Buildings
1
Units
12
Rooms
39
Lot
0.11 ac
Current owner
From public records · entity-resolved
881 Broad St LLC
Entity
Mailing address
881-885 BROAD ST, HARTFORD, CT 06106
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
—
881 Broad St LLC
—
Deed
related
$1,170,000 · Greystone Servicing Corp
Dec 1, 2022
$855,000
881 Broad St LLC
Us Bank NA Tr
Quit Claim Arm's Length For Ne States
$993,000 · Broadview Capital LLC
Dec 29, 2021
$547,426
Us Bank NA
14 Spencer LLC
Commissioners Deed
related
—
Dec 19, 2017
—
14 Spencer LLC
—
Deed
related
$393,750 · Velocity Com'l Cap
Aug 5, 2014
$495,000
14 Spencer Street LLC
Kellerick 1 LLC
Warranty Deed
$346,500 · Velocity Commerical C
Nov 18, 2013
$325,000
Kellerick 1 LLC
90011 Broad Holdings LLC
Quit Claim Deed
$260,000 · Worth Funding INC
Mar 14, 2013
$733,600
90011 Broad Holdings LLC
881 Broad St LLC
Warranty Deed
—
Dec 11, 2008
—
881 Broad Street LLC
—
Deed Of Trust
related
$720,000 · Community Preser Corp
Nov 20, 2006
—
881 Broad Street LLC
—
Deed Of Trust
related
$350,000 · Country Bank
Sep 19, 2006
$190,000
881 Broad Street LLC
Oliver LLC
Warranty Deed
—
Dec 30, 2004
$141,300
Olive LLC
Tuning,clarence
Warranty Deed
$141,473 · Money Market Mortgage
Dec 24, 2003
—
Clarence Tuning
—
Deed Of Trust
related
$310,000 · Money Market Mortgage
Jun 28, 1989
$375,000
Antonio S Marques
Abreu,manuel
Grant Deed
—
Dec 2, 1988
$450,000
Manuel Abreu
Margues,antonio
Grant Deed
$360,000 · First National Bank Ct
—
—
14 Spencer LLC
—
Deed Of Trust
related
$393,750 · Velocity Com'l Cap
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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