Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    147 N Washington St Plainville, CT 06062

    Sponsored
    For Lease
    $4,000 /Mo ($30 SF/Yr)

    COMMERCIAL - Plainville, CT

    Property size:
    1,584 SF
    Days on Market:
    116
    Last Refresh:
    Jan 30 at 3:06 pm

    Property Features for 147 N Washington St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Per town zoning field
    Size
    1,584 SF

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Elizabeth Figueroa

    Golden Rule Realty Inc. (860) 523-1515

    Listing agent Elizabeth Figueroa (860) 523-1515

    Listing date Oct 7, 2025

    MLS# 24120299

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Plainville Commercial Space For Lease

    This commercial property, suitable for retail purposes, is located in Plainville, CT. The property offers a space of 1,584 square feet. Situated in a high-traffic area near the highway exit, this location presents a small business opportunity. The zoning is per town zoning field.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PLAINVILLE CITGO Gas Station Gulf Gas Station Dunkin' Coffee Shop Food Mart Gas Station ATM (Food Mart) Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Deb's Floral Design And More

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.876977
    Latitude
    41.676468

    Nearby Similar for Lease

    • $15 SF/Yr
      2,378 SF

      Plainville Commercial Space Available

      Office and retail spaces available in a high-visibility Plainville plaza.
      17 Farmington Ave, Plainville, CT 06062
      View Details
    • $600 /Mo
      100 SF

      Charming Mill Building Office Space

      Corner office in historic mill building with modern amenities.
      125 West Main St, Plainville, CT 06062
      View Details
    • $925 /Mo
      950 SF

      Downtown Plainville Storefront Office Space

      950 SqFt storefront office space in downtown Plainville.
      12 West Main St, Plainville, CT 06062
      View Details
    • Contact for pricing
      6,544 SF

      Retail Spaces in Plainville Center

      Retail spaces available in highly trafficked Plainville shopping center.
      282 New Britain Ave, Plainville, CT 06062
      View Details
    • $1,000 /Mo
      850 SF

      Downtown Plainville Storefront and Office

      850 SqFt storefront and office space in downtown Plainville.
      10 West Main St, Plainville, CT 06062
      View Details
    • $450 /Mo
      450 SF

      Self Storage Units For Lease

      12x40 self storage units available, ideal for businesses.
      76 Broad St, Plainville, CT 06062
      View Details
    • Contact for pricing
      5,063 SF

      Retail Spaces in Plainville Center

      Retail spaces available in highly trafficked Plainville shopping center.
      240-248 New Britain Ave, Plainville, CT 06062
      View Details
    • Contact for pricing
      38,626 SF

      Prime Plainville Retail Center

      High-traffic location, multiple suites available
      290 New Britain Ave, Plainville, CT 06062
      View Details
    • $12 SF/Yr
      23,000 SF

      Plainville Medical Office Space

      1,500 SF Medical Office Suite Available
      58 East St, Plainville, CT 06062
      View Details
    • $6 SF/Yr
      111,400 SF

      Whiting Street Warehouse Spaces

      Plainville, CT industrial warehouse space for lease
      123 Whiting St, Plainville, CT 06062
      View Details
    • $1,200 /Mo
      1,100 SF

      Downtown Plainville Storefront and Office

      Storefront and office space in downtown Plainville with parking.
      14 West Main St, Plainville, CT 06062
      View Details
    • $1,950 /Mo

      Remodeled Two-Bedroom Apartment For Rent

      Newly remodeled two-bedroom apartment with modern amenities and convenient location.
      100 Norton Park Rd, Plainville, CT 06062
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail property in Plainville, CT, with high traffic volume.
    Where is this storefront property located?
    The property is located at 147 N Washington St Plainville, CT.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Very busy small business opportunity; - Heavy traffic location; - Close to highway exit
    (860) 770-5943
    Request Owner's contact information
    147 N Washington St Plainville, CT 06062
    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.
    147 N Washington St
    Plainville, CT 06062
    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
    147 N Washington St Plainville, CT 06062
    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

    We can help!
    Listing Contact
    Elizabeth Figueroa
    (860) 770-5943
    Learn more
    Google sign-in failed. Please try again or use another login method.