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

    700 West Johnson Ave Cheshire, CT 06410

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    36,000 sqft office space for rent in Cheshire, CT.

    Property size:
    24,000 SF
    Lot size:
    24,000 SF

    Property Features for 700 West Johnson Ave

    General Information

    Standard status
    Active
    Size
    24,000 SF

    We can help!

    Listing Contact
    Gary Schless
    Gary Schless
    Source: Cbre

    Listing Agency: CBRE | Hartford Listing Agent: Gary Schless

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

    Learn more

    Property Insight Report

    Overview

    Cheshire Office Space Available

    This property offers 36,000 square feet of office space available for rent. Located in Cheshire, CT, the property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schmitt Geralyn Law Firm Benefits Group Insurance Agency Legacy Studios Northeast (Bike/Boat/Book/etc) Store Unison Health Services ... Home Health Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheshire
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9173442
    Latitude
    41.5584939

    Nearby Similar for Lease

    • $25 SF/Yr
      3,679 SF

      Cheshire Office Space For Lease

      Well-appointed office space with easy access to major thoroughfares.
      280 Schoolhouse Rd, Cheshire, CT 06410
      View Details
    • $15 SF/Yr
      3,667 SF

      Cheshire Commercial Warehouse Condo For Rent

      Commercial warehouse condo with office space available for rent.
      1486 Highland Ave, Cheshire, CT 06410
      View Details
    • $2,600 /Mo
      1,113 SF

      Updated Commercial Space on West Main

      Turnkey office space in Cheshire, ideal for professional businesses.
      445 W Main St, Cheshire, CT 06410
      View Details
    • $535 /Mo

      Highland Avenue Office For Rent

      Affordable office space ideal for wellness or creative professionals.
      555 Highland Ave, Cheshire, CT 06410
      View Details
    • $23 SF/Yr
      4,182 SF

      Cheshire Office/Medical Space Available

      Two-story office/medical building with ample parking and convenient highway access.
      1781 Highland Ave, Cheshire, CT 06410
      View Details
    • $25 SF/Yr
      3,679 SF

      Well-Appointed Office Space Available

      Two-story office space with private offices, conference room, kitchenette.
      280 Schoolhouse Rd, Cheshire, CT 06410
      View Details
    • $500 /Mo

      Office Space in Cheshire Location

      Office units available for rent in Cheshire, Connecticut.
      350 S Main St, Cheshire, CT 06410
      View Details
    • $2,600 /Mo

      Updated Office Space on Main

      Turnkey office space for lease in central Cheshire location.
      445 W Main St, Cheshire, CT 06410
      View Details
    • $2,600 /Mo
      1,113 SF

      Updated Office Space on Main

      Turnkey office unit for lease in central Cheshire location.
      445 West Main St, Cheshire, CT 06410
      View Details
    • $535 /Mo
      129 SF

      Highland Avenue Office For Rent

      Affordable office space suitable for wellness or creative professionals.
      555 Highland Ave, Cheshire, CT 06410
      View Details
    • $9 SF/Yr

      Cheshire Retail/Office Leasing Opportunity

      Prime location with high visibility and ample parking.
      286 Maple Ave, Cheshire, CT 06410
      View Details
    • Contact for pricing

      Adaptable Flex Space for Lease

      Flex space with parking and utilities near I-84 and I-691.
      Cheshire, CT 06410
      View Details

    FAQs

    What type of property is this?
    Office units - 36,000 sqft office space for rent in Cheshire, CT.
    Where is this office units located?
    The property is located at 700 West Johnson Ave Cheshire, CT.
    What are key features of this property?
    This property features: - 36,000 sqft office space available for rent immediately.; - Located in Cheshire, CT.; - Commercial property offering office space.
    (860) 987-4792
    Request Owner's contact information
    700 West Johnson Ave Cheshire, CT 06410
    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.
    700 West Johnson Ave
    Cheshire, CT 06410
    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
    700 West Johnson Ave Cheshire, CT 06410
    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
    Gary Schless
    Gary Schless
    Real Estate License ID: RES.0758685
    (860) 987-4792 (860) 525-9171
    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!