Individually Owned Property summary
AI-generated overview
962–966 Farmington Avenue is a 12,060-square-foot retail building situated at the intersection of Farmington Avenue and Main Street, positioned as a gateway to West Hartford Center, the primary retail corridor in Downtown West Hartford. The building is configured for restaurant/retail use and is occupied by three restaurant tenants—Chipotle Mexican Grill, Max’s Oyster Bar, and Ichiro Hibachi and Sushi Bar—whose operations at the property span the period from approximately 1989 to 2009. West Hartford Center provides parking through municipal on-street parking, surface lots, and garages, including the approximately 270-space Brace Road lot with access behind the property. The property is located in West Hartford, an affluent suburb of Hartford that includes major higher-education institutions such as the University of Hartford and the University of Saint Joseph.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1947
Construction
STEEL FRAME
Total area
16,800 SF
Lot
0.55 ac (23,958 SF)
Zoning code
BC
APN
WHAR M:F9 B:1891 L:962
UPID
US15-0747888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.10M
Owner & transaction history
since 2019
5 recorded transactions
Zoning & alternative use
BC · West Hartford, CT
Zoning description
Central Business District (BC) and Central Business District-High Intensive (CBDH). The purpose of these districts is to encourage the concentration of a wide variety of stores, services and activities, including large s…
General category
COMMERCIAL
Top alternative use upside
Restaurant
$2.9M
+95.5%
Retail stores
$1.7M
+15.5%
Auto repair, garage
$1.5M
+2.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.10M
Value range
$1.89M – $2.31M
±10% around blend
Estimated value / SF
$125 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$1.89M
blend $2.10M
$2.31M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,800 SF
Lot area
0.55 ac
Year built
1947
Stories
1
APN
WHAR M:F9 B:1891 L:962
Zoning
BC
Assessed value
$7,451,920
Annual tax
$304,933
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$533k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.7 mi away · 12,044 SF
15.7 mi away · 13,309 SF
18.2 mi away · 12,396 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.10M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 317 sales
$87
+43%
County 933 sales
$95
+32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $125/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+96%
vs current-use indication
Retail Stores
Auto Repair, Garage
Apartment House (5+ Units)
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.45M
Move the market yield to see immediate price impact.
Value / SF
$444
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$469k
$9.39M
$6.71M
$5.22M
$522k
$10.43M
$7.45M
$5.80M
$574k
$11.48M
$8.20M
$6.38M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$160k
4.9 mi · Jan 2026 · $11/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$304,933
Tax year 2023
Assessed value
$7,451,920
Assessed 2023
Previous assessed
$7,451,920
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$2,110,150
Assessed improvement
$5,341,770
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1947
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
1
Stories
1
Total area
16,800 SF
Lot
0.55 ac (23,958 SF)
Zoning code
BC
APN
WHAR M:F9 B:1891 L:962
UPID
US15-0747888
Jurisdiction
WEST HARTFORD
Zoning & alternative use
BC · West Hartford, CTZoning BC · permitted uses
BC · West Hartford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Central Business District (BC) and Central Business District-High Intensive (CBDH). The purpose of these districts is to encourage the concentration of a wide variety of stores, services and activities, including large s…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
1
Lot
0.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
BC
COMMERCIAL
Jurisdiction
West Hartford, CT
Recorded code
BC
Official district
BC
Official district profile
What the municipal code says about BC
Zoning description
Central Business District (BC) and Central Business District-High Intensive (CBDH). The purpose of these districts is to encourage the concentration of a wide variety of stores, services and activities, including large s…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BC in West Hartford, CT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
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