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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Showrooms
961 Wethersfield Ave Hartford, CT 06114-3137
Individually Owned
2-yr Hold
Free & Clear
Property ID
US15-0624697
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
FRAME
Total area
11,580 SF
Lot
0.89 ac (38,751 SF)
Zoning code
MX-1
APN
HTFD M:278 B:812 L:043
UPID
US15-0624697
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
-
Ukrainian Gift Shop Cooperatve SUMA (Bike/Boat/Book/etc) Store
-
Church of God Ministry of Jesus Christ Intl.Iglesia de Dios Ministerial- IDMJI Church
-
Ukrainian National Home Theater & Performing Art Venue Music Venue
-
IDMJI Hartford Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$825k
Owner & transaction history
Elec Workers Union 35 Ass · 2 yrs held
Elec Workers Union 35 Ass
since 2024
Last sale
$825,000
3 recorded transactions
Zoning & alternative use
MX-1 · Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
es, hospitals, and in other areas where low-scale mixed-use development is appropriate. These districts include a mix of compatible office or residential uses in the General Building Type and residential building types. MX-1 The MX-1 district is a lower intensity district intended to be compatible with adjacent historic neighborhoods. This district includes…
Zone name
Multi Use Mix 1
General category
SPECIAL
Zone area
176.89 ac
Source
zoning regulations
Top alternative use upside
Retail stores
$1.2M
+38.5%
Auto repair, garage
$1.0M
+22.8%
Office building
$870,000
+3.0%
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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$845,000
Current use
RETAIL STORES
$1,170,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,035,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$855,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Aug 6 2024)
Last sale anchor
$825k
Aug 6 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
$71 / 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
$22,120
Tax year 2023
Assessed value
$320,810
Assessed 2023
Previous assessed
$320,810
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$195,860
Assessed improvement
$124,950
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Total area
11,580 SF
Lot
0.89 ac (38,751 SF)
Zoning code
MX-1
APN
HTFD M:278 B:812 L:043
UPID
US15-0624697
Jurisdiction
HARTFORD
Zoning & alternative use
MX-1 · Hartford, CTZoning 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
Zoning description
es, hospitals, and in other areas where low-scale mixed-use development is appropriate. These districts include a mix of compatible office or residential uses in the General Building Type and residential building types. MX-1 The MX-1 district is a lower intensity district intended to be compatible with adjacent historic neighborhoods. This district includes office, institutional, and/or residential uses in a mix of lower scaled General, Apa
Zone name
Multi Use Mix 1
General category
SPECIAL
Zone area
176.89 ac
Source
zoning regulations
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$845,000
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$855,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Elec Workers Union 35 Ass
Individual
Free & Clear · 2 yrs held
Mailing address
961 WETHERSFIELD AVE, HARTFORD, CT 06114-3137
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
$825,000
Elec Workers Union 35 Ass
Ukrainian Natl Hm Of Hart
Warranty Deed
—
Oct 2, 2023
—
Ukrainian Natl Hm Hartfor
—
Deed
related
$580,000 · Suma FCU
Jun 27, 1988
—
Ukrainian Natl Home
—
Deed Of Trust
related
$60,000 · Zuckerman Family Nomi
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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