38 BroadNew Britain, CT 06053

  • Other commercial real estate
  • 10,063 SF
Off market
$1,102,160 Estimated

Property Details for 38 Broad

Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.11 AC
Property size (Sq ft)
10,063 SF
Zone code
B3
Property type
Other commercial real estate
Property subtype
Showrooms
APN
NBRI M:C7B B:948
APU
NBRIMC7BB948

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,445,660
    6.5%
    $2,257,532
    7%
    $2,096,280
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,313,376
    Geo Method
    $3,313,376
  • Alternative Use

    Use
    Valuation
    Residential
    $1,904,313
    Hospitality
    $1,744,341
    Educational
    $1,451,271
    Medical
    $1,501,182
    Retail
    $2,257,532
38 Broad, New Britain, Connecticut

Location Insight

City
New Britain
County
Hartford
State
Connecticut
Latitude
41.6733
Longitude
-72.7847
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
2024
$23,124
$34,370
$549,710
$584,080
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-
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