Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bristol Plaza Retail Space Available Title is generated by Realmo AI

    683-685 Farmington Ave, Bristol, CT

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space for lease in Bristol Plaza Shopping Center.

    Type:RETAIL
    Property size:
    29,018 SF
    Lot size:
    19.38 Acres
    Added:
    Nov 11, 2024
    Days on Market:
    570
    Last Refresh:
    May 19 at 10:03 pm

    Property Features for 683-685 Farmington Ave

    General Information

    Standard status
    Active
    Size
    29,018 SF
    Lot size
    19.38 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 683-685 Farmington Ave Contact us

    We can help!

    Listing Contact
    Liz Ryan

    Listing agent Liz Ryan

    Listing office Federal Realty Investment Trust - Corporate

    Listing date Nov 11, 2024

    Source Moodyscre

    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 Federal Realty Investment Trust - Corporate

    HighLights

    • Anchored by Stop & Shop, T.J. Maxx, and Burlington
    • High traffic location: 34,700 average daily car count
    • Located at the intersection of Farmington Avenue (Route 6) and Hefbern Road
    • Regional center providing abundant services
    • Includes national tenants such as Starbucks, Five Below, Game Stop, and Webster Bank
    • Located in Bristol, CT

    Overview

    Bristol Plaza, a regional shopping center, is located at the intersection of Farmington Avenue (Route 6) and Hefbern Road in Bristol, CT. Anchored by Stop & Shop, T.J. Maxx, and Burlington, the center provides services to customers with national tenants including Starbucks, Five Below, Game Stop, and Webster Bank. The property has an average daily traffic of 34,700 cars. The available retail space is 29018 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Bristol Commons — 99 Farmington Ave, Bristol, CT 06010
    • Oakland Commons — 325 Oakland St, Bristol, CT 06010
    • Coin Cloud Bitcoin ATM — 198 Burlington Ave, Bristol, CT 06010

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9236
    Latitude
    41.6906

    Nearby Similar for Lease

    • $2,000/Mo
      2,840 SF

      Corner Storefront Retail with Deli Setup

      Storefront retail space includes intact deli and grocery equipment, with ample parking and corner access in Bristol.
      259 W Washington Street, Bristol, CT 06010
      View Details
    • $12 SF/Yr
      10,976 SF

      Commercial Building with Multiple Spaces

      Remodeled commercial building with warehouse, office, gym, and apartment.
      300 Riverside Avenue, Bristol, CT 06010
      View Details
    • $1,495/Mo
      1,248 SF

      Versatile Commercial Building For Lease

      Stand-alone 1,248 SF commercial building suitable for various uses.
      40 Preston Street, Bristol, CT 06010
      View Details
    • $9 SF/Yr
      2,700 SF

      Bristol Flex Space Available

      2,700 sq.ft. flex space with office and warehouse areas.
      190 Century Drive, Bristol, CT 06010
      View Details
    • $1,400/Mo
      615 SF

      Commercial Space on Farmington Avenue

      Mixed-use building with parking, suitable for salon or office.
      780 Farmington Avenue, Bristol, CT 06010
      View Details
    • $9 SF/Yr
      25,408 SF

      Industrial Building in Bristol, CT

      25,408 sq ft industrial building for lease.
      319 Lake Avenue, Bristol, CT 06010
      View Details
    • $1,800/Mo
      1,400 SF

      Bristol Retail Space with Permits

      1400 SF retail space with multiple permits available for sublease.
      485 Farmington Ave, Bristol, CT 06010
      View Details
    • $400/Mo
      200 SF

      Professional Office Space Available

      Professional office space with shared amenities in prime location.
      515 Broad St, Bristol, CT 06010
      View Details
    • $3,250,000 SF/Yr
      14,000 SF

      Medical Office Building with Long-Term Tenants

      Updated medical office building fully leased with long-term agreements, off-street parking, and dedicated garage spaces.
      25 Collins Rd, Bristol, CT
      View Details
    • $2,000/Mo
      2,840 SF

      Retail Space Available For Rent

      2840 SF retail space for rent at $2000/month.
      259 W Washington St, Bristol, CT 06010
      View Details
    • $1,150/Mo
      1,064 SF

      First-Floor Office Space Available

      Highly visible office space suitable for various professional businesses.
      6 North Street #1st flr, Bristol, CT 06010
      View Details
    • $1,150/Mo
      1,064 SF

      First-Floor Office Space Available

      Highly visible 1,064 sq ft office space for rent.
      6 North St 1st flr, Bristol, CT 06010
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in Bristol Plaza Shopping Center.
    Where is this shopping center located?
    The property is located at 683-685 Farmington Ave Bristol, CT.
    What are key features of this property?
    This property features: Anchored by Stop & Shop, T.J. Maxx, and Burlington; High traffic location: 34,700 average daily car count; Located at the intersection of Farmington Avenue (Route 6) and Hefbern Road
    (301) 998-8100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Liz Ryan
    Learn More
    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
    683-685 Farmington Ave, Bristol, CT
    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!