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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Industrial properties
94 Reed Ave West Hartford, CT 06110-1510
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US15-0548511
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Construction
STEEL FRAME
Total area
19,200 SF
Lot
0.96 ac (42,000 SF)
Zoning code
IP
APN
WHAR M:H14 B:4511 L:94
UPID
US15-0548511
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
-
barrieau oil co inc HVAC Service General Contractor
-
James B O'Toole Co HVAC Service General Contractor
-
Excellent Dental West Hartford Dental Office
-
Ney Plumbing & Heating Co Plumbing Service General Contractor
-
W A Murray Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.18M
Owner & transaction history
94 Reed Realty LLC · 2 yrs held
94 Reed Realty LLC
since 2024
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
IP · West Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+44.3%
Auto repair, garage
$1.7M
+27.9%
Apartment house (5+ units)
$1.7M
+24.9%
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 West Hartford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$1,180,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,345,000
Current use
RETAIL STORES
$1,940,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,720,000
Change: +28% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,680,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.18M (Jun 7 2024)
Last sale anchor
$1.18M
Jun 7 2024
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
$61 / 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
$24,067
Tax year 2023
Assessed value
$588,140
Assessed 2023
Previous assessed
$588,140
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$96,530
Assessed improvement
$491,610
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
19,200 SF
Lot
0.96 ac (42,000 SF)
Zoning code
IP
APN
WHAR M:H14 B:4511 L:94
UPID
US15-0548511
Jurisdiction
WEST HARTFORD
Zoning & alternative use
IP · West Hartford, CT
Zoning IP · permitted uses
IP · West Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Hartford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
94 Reed Realty LLC
Entity
Mailing address
43 CLIFFORD DR, WEST HARTFORD, CT 06107-1207
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$1,178,288
94 Reed Realty LLC
94 Reed LLC
Warranty Deed
$923,288 · 94 Reed LLC
Nov 18, 2021
$1,000,000
94 Reed LLC
94 Reed Avenue LLC
Warranty Deed
—
Nov 29, 2010
—
94 Reed Avenue LLC
—
Deed Of Trust
related
$167,000 · Robert Barrieau
Jun 21, 2007
—
94 Reed Avenue LLC
—
Deed Of Trust
related
$237,000 · Sovereign Bank
May 21, 2002
$400,000
Reed Ave LLC
Roy,james W JR
Warranty Deed
$300,000 · Savings Bank Of Manchester
May 21, 2002
—
Reed Ave LLC
—
Deed Of Trust
related
$300,000 · Savings Bank Of Manchester
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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