Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    642 Hilliard St, Unit 1218 Manchester, CT 06042

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,120 /Mo ($20 SF/Yr)

    West-facing office space with hardwood floors, available September 1.

    Property size:
    670 SF
    Lot size:
    670 SF

    Property Features for 642 Hilliard St

    General Information

    Standard status
    Active
    Size
    670 SF

    Building Details

    Year built
    1925

    We can help!

    Listing Contact
    Liz Doll
    Source: Corcoran

    Listing Agent: Liz Doll

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

    Learn more

    Property Insight Report

    Overview

    Hilliard Mills Office Space Available

    Located on the second floor of Building 1 at Hilliard Mills, Suite 1218 is a west-facing office featuring large windows and hardwood floors. The unit measures approximately 28 feet deep by 24 feet wide, totaling 670 square feet. Heat is included with the space, and it will be available for occupancy starting September 1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    2nd Bridge Brewing ... Production Facility Dr. Kim Andrews Psychotherapist Bean Behavioral Health Physician Katie Burdick, LLC Life Coach Control Station Inc (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5524988
    Latitude
    41.7844657

    Nearby Similar for Lease

    • $10 SF/Yr
      6,400 SF

      Manchester Commercial Space For Lease

      Retail or office space available in a desirable location.
      319 Broad St, Manchester, CT 06040
      View Details
    • $1,200 /Mo

      Bolton, CT Commercial Lease

      Commercial lease in the heart of Bolton, CT.
      10 Quarry Rd, Bolton, CT 06043
      View Details
    • $2,500 /Mo

      Turnkey Office Space Available

      Turnkey office with private rooms, kitchen, and reception area.
      391 Center St, Manchester, CT 06040
      View Details
    • $15 SF/Yr

      Industrial Flex Space For Lease

      4940 SF flex space with retail and office components.
      431 New State Rd, Manchester, CT 06042
      View Details
    • Contact for pricing
      8,195 SF

      Premier Retail Destination in Manchester

      Regional shopping center with national retailers and dining options.
      194 Buckland Hills Dr, Manchester, CT 06042
      View Details
    • $1,550 /Mo

      Remodeled Townhouse-Style Unit For Rent

      Remodeled 3-floor townhouse-style unit with modern comfort and spacious living.
      166 Cooper Hill St, Manchester, CT 06040
      View Details
    • Contact for pricing

      Retail Space Near I-84

      Retail space available near I-84 in Manchester, CT.
      Manchester, CT 06042
      View Details
    • $10 SF/Yr
      3,500 SF

      Medical/Professional Office Space Available

      Two suites available in Manchester, ideal for medical or professional tenants.
      257 East Center St, Manchester, CT 06040
      View Details
    • Contact for pricing
      2,500 SF

      Manchester Retail Opportunity Near Mall

      Retail space available in high-traffic Manchester location near Buckland Hills.
      768 N Main St, Manchester, CT 06042
      View Details
    • Contact for pricing
      3,725 SF

      Former Bank Branch For Rent

      Corner lot in Manchester, CT, ideal for retail.
      525 Middle Tpke W, Manchester, CT 06040
      View Details
    • Contact for pricing
      1,685 SF

      Retail Space in High-Traffic Area

      Retail storefront available in a high-traffic shopping center.
      189 Hale Rd, Manchester, CT 06042
      View Details
    • Contact for pricing
      6,625 SF

      Retail Space with Loading Dock

      Retail space with high visibility and easy highway access.
      91 Hale Rd, Manchester, CT 06042
      View Details

    FAQs

    What type of property is this?
    Office space - West-facing office space with hardwood floors, available September 1.
    Where is this office space located?
    The property is located at 642 Hilliard St, Unit 1218 Manchester, CT.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Available for occupancy September 1; - Located in Hilliard Mills; - Large windows provide ample natural light
    (860) 633-0111
    Request Owner's contact information
    642 Hilliard St, Unit 1218 Manchester, CT 06042
    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.
    642 Hilliard St, Unit 1218
    Manchester, CT 06042
    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
    642 Hilliard St, Unit 1218 Manchester, CT 06042
    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
    Liz Doll
    (860) 633-0111 (860) 614-6078
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!