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

    430 Chapel Hill Rd Montville, CT 06370

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($19,500 /Mo)

    19,500 SF retail/office space for lease on 5.19 acres.

    Property size:
    19,500 SF
    Lot size:
    5.01 Acres

    Property Features for 430 Chapel Hill Rd

    General Information

    Standard status
    Active
    Size
    19,500 SF
    Lot size
    5.01 Acres

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Constance Howard
    Source: Corcoran

    Listing Agency: US Properties Listing Agent: Constance Howard

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

    Learn more

    Property Insight Report

    Overview

    Montville Retail and Office Space

    This property offers 19,500 square feet of retail and office space available for lease. The free-standing building is well-maintained and situated on 5.19 acres. The interior features 14-foot high ceilings, a small kitchen, an office, and a wide-open layout floor plan. There are two loading docks, one located at the rear and one on the side of the building. The property is suitable for various uses. The lease rate is $12.00 per square foot NNN, with NNN expenses approximately $2.75 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Kitchen & Bath Showroom Storage Facility Garden Center Wine and Liquor Store Restaurant (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Montville
    County
    New London
    State
    Connecticut
    Longitude
    -72.1896
    Latitude
    41.4669

    Nearby Similar for Lease

    • $1,700 /Mo
      1,100 SF

      Prime Retail Space in Montville

      Highly visible retail space in a busy shopping plaza.
      1100 Norwich New London Tpke, Montville, CT 06382
      View Details
    • $1,700 /Mo
      1,200 SF

      Retail Space in Active Plaza

      Commercial unit in a high-traffic shopping plaza near Mohegan Sun.
      1100 Norwich New London Tpke, Montville, CT 06382
      View Details
    • $5,000 /Mo

      Turn-Key Medical Office Space

      4,500 sq. ft. commercial space ready for occupancy.
      627 1, Montville, CT 06370
      View Details
    • $5,000 /Mo
      4,500 SF

      Turn-Key Medical Office Space

      4,500 sq ft commercial space ready for occupancy.
      627 Rte 82, Montville, CT 06370
      View Details
    • $13 SF/Yr
      3,200 SF

      Montville Office/Warehouse Space

      Flexible Office & Warehouse Space in CT
      15 Lakewood Dr, Montville, CT 06370
      View Details
    • Contact for pricing
      19,500 SF

      Montville Retail and Office Space

      19,500 SF retail/office space on 5.19 acres for lease.
      430 Chapel Hl Rd, Montville, CT
      View Details
    • $950 /Mo
      4,800 SF

      Montville Flex Space For Lease

      Flex/industrial space for lease with wide range of permitted uses.
      15 Lakewood Dr, Montville, CT 06370
      View Details
    • $14 SF/Yr
      10,400 SF

      Montville Office/Retail Space

      Prime Montville location, flexible suites.
      1031 Norwich-New London Tpke, Montville, CT 06382
      View Details
    • $12 SF/Yr
      19,500 SF

      Montville Office Space For Lease

      Modern Office, Retail Space Available
      430 Chapel Hl Rd, Montville, CT 06370
      View Details
    • $14 SF/Yr
      10,742 SF

      Prime Route 32 Retail/Office Space

      High-visibility retail space, flexible layouts.
      1031 Norwich-New London Tpke, Montville, CT 06382
      View Details
    • $1.00 SF/Yr
      1,530 SF

      Retail Pad Sites Available

      Retail pad sites for lease near major retailers and casino.
      1874 Norwich New London Tpke, Montville, CT 06382
      View Details

    FAQs

    What type of property is this?
    Retail property - 19,500 SF retail/office space for lease on 5.19 acres.
    Where is this retail property located?
    The property is located at 430 Chapel Hill Rd Montville, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 19,500 SF of prime retail and office space; - Free standing building on 5.19 acres; - High ceilings (14')
    (860) 437-0101
    Request Owner's contact information
    430 Chapel Hill Rd Montville, CT 06370
    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.
    430 Chapel Hill Rd
    Montville, CT 06370
    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
    430 Chapel Hill Rd Montville, CT 06370
    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
    Constance Howard
    Real Estate License ID: RES.0798067
    (860) 437-0101 (860) 439-0663 (860) 691-2011
    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!