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    Like-New Industrial Shop Warehouse Title is generated by Realmo AI

    1 Northgate Dr, Windsor Locks, CT 06096

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    New
    For Lease
    $10 SF/Yr $5,333/Mo (calc)

    Modern shop/warehouse with a finished, air-conditioned office and a wide-open space served by a 14x14 overhead door.

    Type:Commercial
    Property size:
    6,400 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:36 am

    Property Features for 1 Northgate Dr

    General Information

    Standard status
    Active
    Size
    6,400 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Daniel A. Wilson

    Listing agent Daniel A. Wilson License #REB.0756557

    Listing office The Wilson Company of CT

    Listing date Jun 3, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Wilson Company of CT

    HighLights

    • Like‑new 6,400 SF industrial building built in 2010 with 1,000 SF finished, air‑conditioned office and 5,400 SF shop/warehouse
    • Shop/warehouse is wide open with no support columns and includes bathrooms in the shop area
    • Shop space accessed via a 14x14 ft overhead door
    • Heating and cooling are provided efficiently; heat uses natural gas with an infrared heating system in a fully insulated building
    • Substantial electric power to the building
    • Rt. 20 and I‑91 are minutes away; owner prefers a 5‑year lease term

    Overview

    Like-new industrial building offering 1,000 s.f. of finished, air-conditioned office space and 5,400 s.f. of shop/warehouse area. The shop space is open and free of support columns, with access through a 14x14 ft. overhead door. Bathrooms are provided in both the shop area and the office, supporting independent day-to-day use.

    The property is located near Rt. 20 and I-91, with both accessible within minutes. The building’s infrastructure includes substantial electric power and an efficient heating and cooling setup. Heating is provided by natural gas using an infrared heating system, and the building is fully insulated.

    This configuration can work well for tenants needing a functional combination of office support and an unobstructed warehouse shop environment. The overhead door and wide-open interior make it suitable for operations that benefit from straightforward loading and flexible layout planning, while the on-site office and restrooms help accommodate ongoing staff and customer-facing activity. The owner would prefer a 5-year lease term.
    Location Intelligence

    Current Use by Public Records

    Allen Precision Industrial Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Windsor Locks
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6556637
    Latitude
    41.9394824

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    FAQs

    What type of property is this?
    Flex space - Modern shop/warehouse with a finished, air-conditioned office and a wide-open space served by a 14x14 overhead door.
    Where is this flex space located?
    The property is located at 1 Northgate Dr Windsor Locks, CT.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Like‑new 6,400 SF industrial building built in 2010 with 1,000 SF finished, air‑conditioned office and 5,400 SF shop/warehouse; Shop/warehouse is wide open with no support columns and includes bathrooms in the shop area; Shop space accessed via a 14x14 ft overhead door
    (860) 643-1108
    We can help!
    Listing Contact
    Daniel A. Wilson
    Real Estate License ID: REB.0756557
    Learn More
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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.

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    1 Northgate Dr, Windsor Locks, CT 06096
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