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    Property profile & analytics

    989 Farmington Ave Farmington, CT 06032-1511

    • Gas stations
    • 1,500 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    $1,200,000
    Last Sale
    Oct 13, 2020
    $1,200,000
    Location Intelligence
    Property ID
    US15-0631690
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Go Happy / Convenience Store / Gas Station
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
    • ATM / Atm

    Property Details for 989 Farmington Ave

    Year built
    1996
    Lot size
    0.59 lot acres
    Property size
    1,500 SF
    Zone code
    BR
    Property type
    Gas stations
    APN
    FARM M:0077 B:33
    APU
    FARMM0077B33

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,210,000
      7%
      $1,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,245,000
      Geo Method
      $1,015,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,180,000
      Retail
      $1,125,000
      Mixed-Use
      $1,160,000
      Hospitality
      $960,000
      Educational
      $1,100,000
      Residential Income
      $1,170,000
      Energy
      $955,000
      Income-Based Land
      $955,000
      Food Service
      $1,265,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8353
    Latitude
    41.7328
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,214
    $335,370
    $169,120
    $504,490
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,496 SF

      352 Scott Swamp Rd

      GAS STATION • 2,496 SF
      352 Scott Swamp Rd, Farmington, CT 06032-3413
      View Details
    • Value Estimation by Request
      1,572 SF

      342 Colt Hwy

      GAS STATION • 1,572 SF
      342 Colt Hwy, Farmington, CT 06032-3050
      View Details
    • Value Estimation by Request
      2,800 SF

      286 Main St

      GAS STATION • 2,800 SF
      286 Main St, Farmington, CT 06032
      View Details
    • Value Estimation
      $325,000
      1,650 SF

      1387 Farmington Ave

      GAS STATION • 1,650 SF
      1387 Farmington Ave, Farmington, CT 06032-1240
      View Details
    • Value Estimation
      $1,345,000
      1,364 SF

      46 Farmington Ave

      GAS STATION • 1,364 SF
      46 Farmington Ave, Farmington, CT 06032-1709
      View Details
    • Value Estimation
      $495,000
      1,808 SF

      860 Farmington Ave

      GAS STATION • 1,808 SF
      860 Farmington Ave, Farmington, CT 06032-2370
      View Details

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    Similar Nearby for Lease

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      Farmington Retail/Office Space Available

      Retail or office space with high visibility and ample parking.
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      Retail Space in Farmington, CT

      Retail space available for lease in Farmington, Connecticut.
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    • $8 SF/Yr
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      Round Hill Square Medical Offices

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    Farmington, CT 06032-1511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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