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    240 Chapel Rd South Windsor, CT 06074

    Sponsored
    For Sale
    $875,000

    COMMERCIAL - South Windsor, CT

    Property size:
    5,281 SF
    Lot size:
    0.70 Acres
    Days on Market:
    82
    Last Refresh:
    Feb 27 at 2:06 am

    Property Features for 240 Chapel Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    I
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Parking
    30
    Interior features
    Employee Lounge,Living Space Available,Loading - Dock Height
    Exterior features
    Loading Dock/Grade
    Size
    5,281 SF
    Lot size
    0.70 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating)
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    2
    Flooring type
    Concrete, Wood, Tile - Ceramic

    We can help!

    Listing Contact
    Tiziana Tremblay
    Tiziana Tremblay

    Real Broker CT, LLC (855) 450-0442

    Listing agent Tiziana Tremblay (855) 450-0442

    Listing date Dec 8, 2025

    MLS# 24143873

    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

    Renovated Flex Commercial Asset

    This fully renovated flex commercial asset is positioned on a high-visibility corner, offering strong frontage, traffic exposure, and signage potential. Modernized in 2022, the property includes a new parking lot, roof, windows, mechanicals, and updated interiors. The street-level commercial floor features a reception and waiting area, four private offices, a kitchenette, two bathrooms, and a warehouse space with an overhead door. This supports various revenue-producing uses, including contractors, light manufacturing, automotive, distribution, gym/studio, and service-based businesses. The renovated upper level is set up as a one-bedroom apartment with an open-concept living space, kitchen, dining area, full bath, and laundry. This space can be owner-occupied or utilized as a separate leased unit for additional income, subject to zoning and approvals. The property is located in South Windsor, CT, and has rapid access to major highway corridors. The property has flexible industrial zoning and is ideal for owner-users seeking to offset operating costs or investors targeting durable cash flow. The lot size is 0.7 acres, and the property size is 5281 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FocusMods.com Auto Parts Store Velocity Air Systems Hardware & Home Improvement MrTurboKit.com Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    South Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6115772
    Latitude
    41.8117022

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    FAQs

    What type of property is this?
    Flex space - Fully renovated flex commercial property with income diversification potential.
    Where is this flex space located?
    The property is located at 240 Chapel Rd South Windsor, CT.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Fully renovated in 2022 with new parking lot, roof, windows, mechanicals, and updated interiors, minimizing capital risk; - Income-oriented flex commercial asset with street-level commercial space and a fully renovated one-bedroom apartment; - **High-visibility corner location with strong frontage, traffic exposure, and excellent signage potential**
    (203) 641-2449
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    240 Chapel Rd South Windsor, CT 06074
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    South Windsor, CT 06074
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    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
    240 Chapel Rd South Windsor, CT 06074
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    We can help!
    Listing Contact
    Tiziana Tremblay
    Tiziana Tremblay
    (203) 641-2449 (855) 450-0442
    Learn more
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