Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    300 SF Retail/Office Space Title is generated by Realmo AI

    217 High Street, New Britain, CT 06051

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000/Mo $40 SF/Yr (calc)

    Retail or office space in the heart of Little Poland.

    Type:Commercial
    Property size:
    300 SF
    Lot size:
    0.23 Acres
    Added:
    May 15, 2025
    Days on Market:
    365
    Last Refresh:
    Apr 5 at 8:09 pm

    Property Features for 217 High Street

    General Information

    Standard status
    Active
    Size
    300 SF
    Lot size
    0.23 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    DON SAGARINO

    Listing agent DON SAGARINO

    Listing office Coldwell Banker Realty

    Listing date May 15, 2025

    Source Corcoran

    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 Coldwell Banker Realty

    HighLights

    • Prime location in the heart of Little Poland.
    • Completely renovated 300 sq. ft. interior.
    • Private bathroom.
    • Versatile space suitable for various businesses (law office, CPA, retail, computer company).
    • Convenient 1st‑floor location.
    • Rear parking available.

    Overview

    This 300 square foot space is located on the first floor in the heart of Little Poland. The interior is newly renovated and includes a private bath. Parking is available in the rear. Several possibilities exist for business use, including a law office, CPA, retail, or computer company.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Britain
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7857
    Latitude
    41.6739

    Nearby Similar for Lease

    • $6,000/Mo

      Remodeled Commercial Property in New Britain

      Versatile office spaces in historic New Britain business district.
      25 Court St, New Britain, CT 06051
      View Details
    • Contact for pricing

      Versatile Industrial Space For Lease

      6,598 SF industrial space with showroom and office areas.
      21 Pleasant St, New Britain, CT 06051
      View Details
    • Sponsored
      Contact for pricing

      CT, New Britain - Liberty Square

      1 Liberty Sq, Unit 301, New Britain, CT 06052
      View Details
    • $1,650/Mo

      Modern 2-Bedroom Apartment in New Britain

      Remodeled apartment near CCSU with modern amenities and convenient location.
      98 Carlton St 101, New Britain, CT 06053
      View Details
    • $9 SF/Yr

      New Britain Flex Space Available

      26,752 SF flex space for lease in New Britain.
      255 Myrtle Street, New Britain, CT, 06053
      View Details
    • $1,350/Mo

      Spacious Apartment with Private Entrance

      Downstairs apartment near major routes, shopping, and hospital.
      2015 Corbin Ave 7, New Britain, CT 06053
      View Details
    • $1,550/Mo

      Updated Two-Bedroom Apartment For Rent

      Modern, updated 2-bedroom apartment with parking and enclosed porch.
      396 W Main St 3, New Britain, CT 06052
      View Details
    • Contact for pricing

      Renovated Two Bedroom Apartment

      First-floor, two-bedroom apartment with modern updates and garage.
      73 Brooklawn St 1, New Britain, CT 06052
      View Details
    • $2,600/Mo

      Remodeled Unit in Quiet Neighborhood

      Spacious 4-5 bedroom unit with modern amenities and large backyard.
      113 FAIRVIEW St 2, New Britain, CT 06051
      View Details
    • $1,550/Mo

      Updated Apartment with Off-Street Parking

      Updated third-floor apartment with parking and laminate flooring.
      1310 Stanley St 3rd floor, New Britain, CT 06052
      View Details
    • $1,700/Mo

      Updated Two-Bedroom Apartment For Rent

      First-floor, updated 2-bedroom apartment with in-unit laundry.
      37 Wakefield Ct 1, New Britain, CT 06053
      View Details
    • $2,000/Mo

      Spacious Remodeled Unit For Rent

      Remodeled 3 bed, 1 bath unit with updated kitchen.
      70 Monroe St 3, New Britain, CT 06051
      View Details

    FAQs

    What type of property is this?
    Office units - Retail or office space in the heart of Little Poland.
    Where is this office units located?
    The property is located at 217 High Street New Britain, CT.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Prime location in the heart of Little Poland.; Completely renovated 300 sq. ft. interior.; Private bathroom.
    (860) 231-2600
    We can help!
    Listing Contact
    DON SAGARINO
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    217 High Street, New Britain, CT 06051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!