Your AI Navigator in Commercial Real Estate
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

    1 Town Line Rd, Unit 8B Plainville, CT 06062

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $600 /Mo ($9 SF/Yr)

    Second-floor office suite with utilities included and ample parking.

    Property size:
    800 SF
    Lot size:
    800 SF

    Property Features for 1 Town Line Rd

    General Information

    Standard status
    Active
    Size
    800 SF

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Tom Pysh
    Source: Corcoran

    Listing Agent: Tom Pysh

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

    Learn more

    Property Insight Report

    Overview

    Plainville Office Suite For Rent

    Located on the Plainville/Southington town line, this second-floor office suite encompasses 800 square feet. The rental rate includes all utilities. The suite features office space, a collaboration area, and a private restroom with a shower. Ample parking is available. The owner is open to tenant improvements. A credit check and two months' security deposit are required.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Connecticut Beer Tours Transportation Service Rachel's Cookies & Treats Bakery Normike Industries Inc Machine Shop Moped Warehouse LLC Warehouse Mpression Graphics LLC Graphic Designer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.874962
    Latitude
    41.65048

    Nearby Similar for Lease

    • $4,000 /Mo
      1,584 SF

      Plainville Commercial Space For Lease

      Retail property in Plainville, CT, with high traffic volume.
      147 North Washington St, Plainville, CT 06062
      View Details
    • $14 SF/Yr
      2,378 SF

      Plainville Commercial Space For Lease

      Office and retail spaces available in Plainville, Connecticut.
      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
      1,849 SF

      Retail Space Near Big Y

      Retail space available near major retailers and highway access.
      359 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

    FAQs

    What type of property is this?
    Office space - Second-floor office suite with utilities included and ample parking.
    Where is this office space located?
    The property is located at 1 Town Line Rd, Unit 8B Plainville, CT.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - All utilities included in rent.; - Convenient location on Plainville/Southington town line.; - Office space with collaboration area.
    (860) 729-7868
    Request Owner's contact information
    1 Town Line Rd, Unit 8B 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.
    1 Town Line Rd, Unit 8B
    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
    1 Town Line Rd, Unit 8B 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
    Tom Pysh
    (860) 729-7868
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.