Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fair St Bristol, CT 06010
    Back to Search
    Property profile & analytics

    Fair St, Bristol, CT 06010

    View on Map
    • Parking lots & garages
    • 3.30 lot acres
    Off-Market
    Last Sale May 24, 2023
    $50,000
    Property ID
    US15-1062013
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for Fair St

    Lot size
    3.30 lot acres
    Zone code
    R-15
    Property type
    Parking lots & garages
    APN
    BRIS M:44 L:181
    APU
    BRISM44L181

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2023 $50,000 Centurion Property Manage Rockwood Hills Financial Warranty Deed —
    Apr 13, 2021 — Rockwood Hills Fin LLC Granger Michael G Est Personal Representative Deed —
    Jun 5, 2003 $30,000 George M Granger Bradley,william H Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9018
    Latitude
    41.679
    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
    $2,611
    $86,030
    $0.00
    $86,030
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      Stafford Ave

      PARKING LOT
      Stafford Ave, Bristol, CT 06010
      View Details
    • Value Estimation by Request

      441 Clark Ave, Unit Q

      RESIDENTIAL PARKING GARAGE
      441 Clark Ave, Bristol, CT 06010-4047
      View Details
    • Value Estimation by Request

      Clark Aved

      RESIDENTIAL PARKING GARAGE
      Clark Aved, Bristol, CT 06010
      View Details
    • Value Estimation by Request
      0.87 Acres

      364 Ww St

      PARKING LOT
      364 Ww St, Bristol, CT 06010-4909
      View Details
    • Value Estimation by Request
      1,292 SF

      33 Lincoln Ave

      PARKING LOT
      33 Lincoln Ave, Bristol, CT 06010
      View Details
    • Value Estimation by Request
      480 SF

      155 Nn St

      PARKING LOT
      155 Nn St, Bristol, CT 06010-4154
      View Details

    Similar Nearby for Sale

    • $299,900
      0.19 Acres

      Bristol Commercial Property With Garages

      Commercial property featuring 14-bay garages, all currently rented.
      Stearns St, Bristol, CT 06010
      View Details
    • $429,000
      Pending

      Mixed-Use Property with Parking

      Mixed-use property suitable for residential or home/business use.
      211 West St, Bristol, CT 06010
      View Details
    • $449,000
      11,010 SF

      Versatile Commercial Building on High-Traffic Road

      11,010 SF building on 0.62 acres with income potential.
      331 Park St, Bristol, CT 06010
      View Details
    • $449,000

      Versatile Commercial Building on High-Traffic Road

      11,010 SF building on 0.62 acres with income potential.
      331 Park St, Bristol, CT 06010
      View Details
    • New
      $819,900
      Pending

      Mixed-Use Property in Bristol, CT

      Commercial building and two-family home on a single lot.
      159 Park St, Bristol, CT 06010
      View Details
    • $899,900
      8,981 SF

      Mixed-Use Property in Bristol, CT

      Commercial building and two-family home on one parcel.
      159 Park St, Bristol, CT 06010
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Updated Storefront on Farmington Avenue

      Updated commercial storefront in high-traffic area, suitable for various businesses.
      831 Farmington Ave, Bristol, CT 06010
      View Details
    • $1,400 /Mo

      Farmington Avenue Commercial Space

      Commercial space suitable for salon, spa, office, or retail.
      780 Farmington Ave, Bristol, CT 06010
      View Details
    • Contact for pricing
      3,829 SF

      Bristol Plaza Retail Space Available

      Retail space for lease in Bristol Plaza Shopping Center.
      594 Farmington Ave, Bristol, CT 06010
      View Details
    • New
      $2,000 /Mo
      2,840 SF

      Corner Storefront Retail with Deli Setup

      Storefront retail space includes intact deli and grocery equipment, with ample parking and corner access in Bristol.
      259 W Washington St, Bristol, CT 06010
      View Details
    • $2,000 /Mo
      2,840 SF

      Retail Space Available For Rent

      2840 SF retail space for rent. Deli/Grocery equipment intact.
      259 West Washington St, Bristol, CT 06010
      View Details
    • $1,500 /Mo
      2,449 SF

      Downtown Retail Space For Rent

      Retail space in high-traffic downtown area with potential.
      1 Divinity St, Bristol, CT 06010
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Fair St
    Bristol, CT 06010
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Fair St, Bristol, CT, 06010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!