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Property profile & analytics
OFF-MARKET
Estimated value
$8,655,000
Showrooms
983 New Britain Ave, West Hartford, CT 06110-3000
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US15-1267976
Property summary
AI-generated overview
This West Hartford, Connecticut industrial property at 983 New Britain Ave, zip code 06110, offers 3,544 square feet of flexible space in a single, one-story building. Built in 1962 and renovated in 2024, the property is classified as Class B and features 14-foot ceilings. Currently, 2,315 contiguous square feet are available for lease, with a minimum divisible space of 1,086 square feet. The building boasts six drive-in doors and 100 amp 3-phase power. Located in Hartford County's West Hartford submarket, this property offers convenient access to Route 84, making it ideal for businesses needing easy access throughout Hartford County. The concrete/block construction is situated behind the Price Rite Plaza. Suitable for a variety of uses, including contractor trades, storage (boat, RV), and light manufacturing. This property presents a unique opportunity for businesses seeking versatile and well-located space in a thriving area.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1962
Construction
STEEL FRAME
Total area
104,535 SF
Lot
8.22 ac (358,234 SF)
Zoning code
BG,IG
APN
WHAR M:H15 B:3771 L:983
UPID
US15-1267976
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
-
Hartford Nails Nail Salon
-
Super Saver Free Dry Laundromat (Bike/Boat/Book/etc) Store
-
KeyMe Locksmiths Locksmith
-
DOCS Urgent Care & Primary Care - West Hartford Medical Clinic
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.03M
Blend (final)
Blend
$8.66M
Owner & transaction history
West Hartford No 1 LLC · 22 yrs held
West Hartford No 1 LLC
since 2003
3 recorded transactions
Zoning & alternative use
BG,IG · West Hartford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,735,000
Current use
RETAIL STORES
$10,560,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$8.66M
Range $7.79M – $9.52M · ±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
$83 / 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
$276,134
Tax year 2023
Assessed value
$6,748,140
Assessed 2023
Previous assessed
$6,748,140
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$2,144,310
Assessed improvement
$4,603,830
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
104,535 SF
Lot
8.22 ac (358,234 SF)
Zoning code
BG,IG
APN
WHAR M:H15 B:3771 L:983
UPID
US15-1267976
Jurisdiction
WEST HARTFORD
Zoning & alternative use
BG,IG · West Hartford, CT
Zoning BG,IG · permitted uses
BG,IG · 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
COMMERCIAL (GENERAL) Current
Est. value
$11.7M
RETAIL STORES
Est. value
$10.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1962
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
8.22 ac
Current owner
From public records · entity-resolved
West Hartford No 1 LLC
Entity
Mailing address
PO BOX 290589, WETHERSFIELD, CT 06129-0589
Ownership since
2003
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
Nov 17, 2003
$2,250,000
West Hartford No 1 LLC
Sea West Hartford LLC
Grant Deed
related
$2,875,000 · Sovereign Bank
Aug 26, 1991
—
Henry Porter
—
Deed Of Trust
related
$1,000,000 · Zuckerman Family Nomi
Jun 1, 1990
—
The Caldor Corp
—
Deed Of Trust
related
$200,000,000 · 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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