Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Office Space in Southington Title is generated by Realmo AI

    51 North Main Street #3B, Southington, CT 06489

    View on Map
    Claim this Listing
    For Lease
    $1,300 /Mo

    Office space with build-to-suit options in downtown Southington.

    Added:
    Sep 27, 2024
    Days on Market:
    615
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 51 North Main Street #3B

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    VINCENZO VALENTINO
    VINCENZO VALENTINO

    Listing agent VINCENZO VALENTINO License #REB.0794313

    Listing office Advise Realty Services

    Listing date Sep 27, 2024

    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 Advise Realty Services

    HighLights

    • Build‑to‑suit office space allows customization.
    • Prime downtown Southington location provides easy access to amenities.
    • Recently remodeled building offers modern amenities.
    • Exposed wood knotted beams and brick walls create a unique workplace.
    • Extensive exterior and common area remodeling provides a fresh environment.
    • Combines modern functionality with timeless character in a 1920 building.

    Overview

    This office space is located in downtown Southington, within a recently remodeled building that combines modern amenities with original features. The space offers build-to-suit options. The interior incorporates exposed wood knotted beams and brick walls, providing a blend of historical charm and contemporary functionality. The building has undergone extensive exterior and common area remodeling. The location provides access to local amenities, dining options, and the surrounding business community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Will F. Epperson ... Tax Preparation David J Meiners, ... Counselor Casey's Image Consultants Hair Salon Alkon Jack DDS Dental Office Timeless Therapy - Melissa ... Counselor

    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
    Southington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.8776
    Latitude
    41.6025

    Nearby Similar for Lease

    • $550/Mo
      268 SF

      Southington Office Space For Lease

      Prime office space in Southington Professional Office Building available for lease.
      100 Queen Street, Southington, CT 06489
      View Details
    • $20 SF/Yr
      1,033 SF

      Southington Office/Medical Space Available

      Professional office/medical space for lease in a well-maintained building.
      27 Meriden Avenue, Southington, CT 06489
      View Details
    • $950/Mo
      1,500 SF

      High-Visibility Retail or Office Unit

      Versatile storefront-style space on a major corridor with dedicated rooms for office, services, or retail use.
      1672 Meriden Waterbury Turnpike, Southington, CT 06489
      View Details
    • $1,150/Mo
      1,050 SF

      Southington Office Space For Rent

      Office space in a convenient location with flexible layout.
      176 N Main Street, Southington, CT 06489
      View Details
    • $16 SF/Yr
      11,985 SF

      Southington Retail Space Available

      12,000 SF retail space in Southington, Connecticut.
      350 Queen Street, Southington, CT 06489
      View Details
    • $20 SF/Yr
      300-500 SF

      Downtown Southington Office Suite

      Flexible commercial space in downtown Southington with elevator access.
      132 Main St, Unit Lower Level 1, Southington, CT 06489
      View Details
    • $1,650/Mo
      1,180 SF

      Retail Space on Busy Route

      Retail space with high visibility and easy highway access.
      1783 Meriden Waterbury Turnpike, Southington, CT 06489
      View Details
    • $2,200/Mo
      1,196 SF

      Prime Downtown Southington Retail Space

      Street-level commercial space in a thriving downtown district.
      122 Center St, Southington, CT 06489
      View Details
    • $18 SF/Yr
      1,700 SF

      Prime Retail/Office Space Available

      High-visibility commercial space in a bustling Hartford County location.
      474 N Main St, Southington, CT 06489
      View Details
    • $20 SF/Yr
      1,033 SF

      Professional Office/Medical Space Available

      Highly visible office/medical space for lease near downtown.
      27 Meriden Ave 1A, Southington, CT 06489
      View Details
    • $20 SF/Yr
      1,033 SF

      Professional Office/Medical Space Available

      Highly visible office/medical space for lease near downtown.
      27 Meriden Avenue #1A, Southington, CT 06489
      View Details
    • $1,150/Mo
      1,050 SF

      Office Space in Convenient Location

      Flexible office space featuring vintage details and quick occupancy.
      176 N Main St 1F, Southington, CT 06489
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with build-to-suit options in downtown Southington.
    Where is this office units located?
    The property is located at 51 North Main Street #3B Southington, CT.
    What is the lease rate?
    The lease rate is $1,300 /Mo.
    What are key features of this property?
    This property features: Build‑to‑suit office space allows customization.; Prime downtown Southington location provides easy access to amenities.; Recently remodeled building offers modern amenities.
    (203) 996-1506
    We can help!
    Listing Contact
    VINCENZO VALENTINO
    VINCENZO VALENTINO
    Real Estate License ID: REB.0794313
    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
    51 North Main Street #3B, Southington, CT 06489
    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!