Sign Up Successful!
You now have access to more from Realmo!
    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

    329 Ellington Rd East Hartford, CT 06108

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($12,390 /Mo)

    Retail space with excellent visibility and easy interstate access.

    Property size:
    10,620 SF
    Lot size:
    3.30 Acres

    Property Features for 329 Ellington Rd

    General Information

    Size
    10,620 SF
    Lot size
    3.30 Acres

    We can help!

    Listing Contact
    Brian Knowles
    Source: Moodyscre

    Listing Agent: Brian Knowles

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

    Learn more

    Overview

    East Hartford Retail Space Available

    This retail space, located at a signalized intersection with access from both streets, offers excellent visibility and is situated on a heavy commuter route with easy access to the interstate system. The lease expires on January 31, 2033, with a rental rate of $14.00 per square foot gross. The property encompasses a total area of 10,620 square feet.
    Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6200497
    Latitude
    41.7964942

    Nearby Similar for Lease

    • $13 SF/Yr
      2,500 SF

      East Hartford Office Space Available

      Well-located 2,500 SF office suite with ample parking.
      1137 Main St, East Hartford, CT 06108
      View Details
    • $8,000 /Mo

      Turnkey Grocery Store East Hartford

      11,026 SF fully built-out grocery space for lease.
      1140 Burnside Ave, East Hartford, CT 06108
      View Details
    • $2,100 /Mo

      Move-in Ready 2-Bedroom Unit

      Well-maintained 2-bedroom unit with in-unit laundry and off-street parking.
      21 Oakwood St, East Hartford, CT 06108
      View Details
    • Contact for pricing
      515,000 SF

      East Hartford Industrial Space Available

      515,000 SF Manufacturing/Flex/Warehouse
      88 Long Hill St, East Hartford, CT 06108
      View Details
    • $120 SF/Yr
      30,415 SF

      East Hartford Multi-Use Commercial Space

      Versatile I-2 zoned space, multiple suites available.
      111 Roberts St, East Hartford, CT 06108
      View Details
    • $7 SF/Yr
      34,760 SF

      Prestige Park Office Space Available

      Modern Flex Space, 6,856 sq ft.
      22 Prestige Park Cir, East Hartford, CT 06108
      View Details
    • Contact for pricing
      182,970 SF

      Putnam Bridge Plaza Retail Space

      Prime Retail Center, 5,560 SF Available
      31 Main St, East Hartford, CT 06118
      View Details
    • Contact for pricing
      30,750 SF

      East Hartford Retail Space Available

      Retail spaces available in well-located East Hartford shopping center.
      940 Silver Ln, East Hartford, CT 06118
      View Details
    • $1,700 /Mo

      East Hartford Second Floor Apartment

      Two-bedroom, one-bath apartment in convenient East Hartford location.
      265 Burnside Ave, East Hartford, CT 06108
      View Details
    • Contact for pricing
      9,079 SF

      Regional Shopping Center Retail Space

      Retail space in a vibrant, conveniently located shopping center.
      265 Ellington Rd, East Hartford, CT 06108
      View Details
    • $1,500 /Mo
      1,500 SF

      East Hartford Office Space Available

      1500 SF office space for lease in East Hartford.
      43 Franklin St, East Hartford, CT 06108
      View Details
    • $1,500 /Mo
      1,350 SF

      Remodeled Office Space with Utilities

      Class A office space for rent, utilities included.
      19 George St, East Hartford, CT 06108
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with excellent visibility and easy interstate access.
    Where is this retail space located?
    The property is located at 329 Ellington Rd East Hartford, CT.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Excellent Visibility; - Signalized intersection with access from both streets; - Heavy commuter route with easy access to interstate system
    (413) 433-6492
    Request Owner's contact information
    329 Ellington Rd East Hartford, CT 06108
    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.
    329 Ellington Rd
    East Hartford, CT 06108
    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
    329 Ellington Rd East Hartford, CT 06108
    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
    Brian Knowles
    (413) 433-6492
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.