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

    851 Marshall Phelps Rd Windsor, CT 06095

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

    5,720 SF building on 2.43 acres with expansion potential.

    Property size:
    5,720 SF
    Lot size:
    3.04 Acres

    Property Features for 851 Marshall Phelps Rd

    General Information

    Size
    5,720 SF
    Lot size
    3.04 Acres

    We can help!

    Listing Contact
    Thomas Wilks
    Thomas Wilks
    Source: Moodyscre

    Listing Agency: O,R&L Commercial, LLC Listing Agent: Thomas Wilks

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

    Learn more

    Property Insight Report

    Overview

    Adaptable Building on 2.43 Acres

    This 5,720 square foot building presents a flexible opportunity for both users and investors. Currently configured for medical use, the property is expandable and features a new roof with a 30-year warranty. Situated on a 2.43-acre lot, the site offers 45 parking spaces and the potential for developing additional parking in the rear. A clean Phase 1 environmental assessment is available. The property is zoned I / IL / I1 and is located near I-91, Exit 37.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walker Jane I ... Physician Ewurama A. Hayford, APRN Physician Dr. Neena K. ... Pediatrician Noell Tracy A Physician Dr. Clifford Dunn Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    Bloomfield Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Windsor
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6846611
    Latitude
    41.8656483

    Nearby Similar for Lease

    • $1,000 /Mo
      129 SF

      Furnished Windsor Commercial Suite

      Furnished commercial suite ideal for body-work professionals.
      258 Windsor Ave, Windsor, CT 06095
      View Details
    • $3,542 /Mo
      5,000 SF

      Windsor Commercial Space with Showroom

      5000 sq ft commercial space with showroom potential.
      1695 Poquonock Ave, Windsor, CT 06095
      View Details
    • New
      $2,950 /Mo
      1,250 SF

      Retail Space in High-Traffic Area

      Compact commercial space suitable for retail, kiosks, or pop-ups.
      700 Poquonock Ave, Windsor, CT 06095
      View Details
    • $1,500 /Mo
      1,250 SF

      Versatile Retail Space in Windsor

      Adaptable 1,250 sq ft retail space near local amenities.
      354 Windsor Ave, Windsor, CT 06095
      View Details
    • Sponsored
      Contact for pricing

      CT, Windsor - Addison Rd

      Discover many ways to work your way in CT, Windsor - Addison Rd
      175 Addison Road Ext, Windsor, CT 06095
      View Details
    • $3,800 /Mo

      Windsor Office Space For Rent

      4,000 sq ft office space in prime Windsor location.
      148 Addison Rd, Windsor, CT 06095
      View Details
    • New
      Contact for pricing

      360 Bloomfield

      Discover many ways to work your way in 360 Bloomfield
      360 Bloomfield Ave, Windsor, CT 06905
      View Details
    • $1,500 /Mo

      Versatile Retail Space For Rent

      Adaptable 1,250 sq ft retail space near local amenities.
      354 Windsor Ave, Windsor, CT 06095
      View Details
    • $3,542 /Mo
      5,000 SF

      Versatile 5,000 SF Showroom Space

      5,000 SF showroom with loading dock and included fixtures.
      1695 Poquonock Ave, Windsor, CT 06095
      View Details
    • $2,500 /Mo

      Versatile Event Space in Windsor

      3,850 SqFt event venue for lease in historic neighborhood.
      28 West St, Windsor, CT 06095
      View Details
    • $2,400 /Mo

      Windsor Commercial Space For Rent

      Highly visible commercial space suitable for various business types.
      124 Palisado Ave, Windsor, CT 06095
      View Details
    • $3,800 /Mo
      4,000 SF

      Windsor Office Space For Rent

      4,000 sq ft office space in prime Windsor location.
      148 Addison Road Ext, Windsor, CT 06095
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 5,720 SF building on 2.43 acres with expansion potential.
    Where is this medical office space located?
    The property is located at 851 Marshall Phelps Rd Windsor, CT.
    What are key features of this property?
    This property features: - Large 2.43 Acre Lot; - Ample Parking with 45 Spaces; - New Roof with a 30-year Warranty
    (860) 761-6018 Call to check price and availability
    Request Owner's contact information
    851 Marshall Phelps Rd Windsor, CT 06095
    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.
    851 Marshall Phelps Rd
    Windsor, CT 06095
    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
    851 Marshall Phelps Rd Windsor, CT 06095
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Wilks
    Thomas Wilks
    Real Estate License ID: CT RES.0783958
    (860) 761-6018 (860) 478-7954 (860) 721-0033
    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!