Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space in Mansfield Title is generated by Realmo AI

    1717 Storrs Road #D, Mansfield, CT 06268

    View on Map
    Claim this Listing
    For Lease
    $25 SF/Yr $1,835/Mo (calc)

    881 SF retail space in new development near UConn.

    Property size:
    881 SF
    Added:
    Feb 1, 2024
    Days on Market:
    854
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1717 Storrs Road #D

    General Information

    Standard status
    Active
    Size
    881 SF

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    JENNIE KESSELMAN
    JENNIE KESSELMAN

    Listing agent JENNIE KESSELMAN License #RES.0816437

    Listing office Berkshire Hathaway NE Prop.

    Listing date Feb 1, 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 Berkshire Hathaway NE Prop.

    HighLights

    • Prime retail space in a high‑traffic location near UConn.
    • Part of The Standard at Four Corners, a large development with 398 housing units.
    • Easy access to Route 84.
    • Exposure to a diverse customer base (students, faculty, residents).
    • Flexible retail space (881 SF) to customize for business needs.
    • New construction (built in 2025).

    Overview

    This listing is for Unit D, which offers 881 square feet of retail space in a new development. The Standard at Four Corners project encompasses over 684,000 square feet and 398 housing units across 7 buildings, establishing it as a prominent housing development near the University of Connecticut. The location provides access to Route 84 and the main route into the University, offering exposure to a customer base that includes students, faculty, and local residents. The available retail space is designed to allow businesses to customize the layout to fit their specific needs. A total of 12,551 square feet of retail space is available across three buildings, with individual units ranging from 880 to 4,200 square feet. Combining units is a possibility for businesses requiring more space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Department Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Windham
    State
    Connecticut
    Longitude
    -72.2003
    Latitude
    41.7677

    Nearby Similar for Lease

    • $25 SF/Yr
      1,705 SF

      Prime Retail Space in Mansfield

      1705 SF retail space in a new development.
      1725 Storrs Rd, Mansfield, CT
      View Details
    • $900/Mo
      270 SF

      Renovated Office Suite with Charm

      Private first-floor office suite with shared amenities and utilities included.
      211 Storrs Road #102, Mansfield, CT 06250
      View Details
    • $25 SF/Yr
      14,928 SF

      Prime Retail Space in Mansfield

      Retail space available in a high-traffic, mixed-use development.
      1717 Storrs Road D, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      1,382 SF

      Prime Retail Space in Mansfield

      Retail space available in new development near UConn.
      1717 Storrs Road #F, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      1,423 SF

      Prime Retail Space in Mansfield

      Retail space for lease in a high-traffic UConn adjacent development.
      1717 Storrs Road #C, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      1,705 SF

      Prime Retail Space in Mansfield

      Retail space available in new development near UConn.
      1717 Storrs Road #H, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      899 SF

      Prime Retail Space in Mansfield

      899 SF retail space in a high-traffic development.
      1717 Storrs Road #G, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      12,551 SF

      Retail Space Near UConn

      Retail space available in a large development near UConn.
      1717 Storrs Road, Mansfield, CT 06268
      View Details

    FAQs

    What type of property is this?
    Retail space - 881 SF retail space in new development near UConn.
    Where is this retail space located?
    The property is located at 1717 Storrs Road #D Mansfield, CT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime retail space in a high‑traffic location near UConn.; Part of The Standard at Four Corners, a large development with 398 housing units.; Easy access to Route 84.
    (860) 633-3674
    We can help!
    Listing Contact
    JENNIE KESSELMAN
    JENNIE KESSELMAN
    Real Estate License ID: RES.0816437
    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
    1717 Storrs Road #D, Mansfield, CT 06268
    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!