Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Enfield Square Title is generated by Realmo AI

    9 Hazard Ave, Enfield, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a prominent location off I-91.

    Type:RETAIL
    Property size:
    3,070 SF
    Lot size:
    0.96 Acres
    Added:
    Apr 20, 2023
    Days on Market:
    1124
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 9 Hazard Ave

    General Information

    Standard status
    Active
    Size
    3,070 SF
    Lot size
    0.96 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 9 Hazard Ave Contact us

    We can help!

    Listing Contact
    Elliot Nassim

    Listing agent Elliot Nassim

    Listing office Mason Asset Management - Corporate

    Listing date Apr 20, 2023

    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 Mason Asset Management - Corporate

    HighLights

    • Prominent location directly off of I‑91 on Elm Street.
    • GLA: 548,683 SF.
    • Located in a densely populated trade area featuring a population of approximately 362,000 residents within a 10‑mile radius.
    • Located 98 miles west of Boston, MA.
    • Located 135 miles northeast of New York City.
    • Located in a well‑heeled trade area.

    Overview

    This retail space is located in Enfield Square, a shopping center with a gross leasable area of 548,683 square feet. The property is situated in a densely populated area with a substantial trade area, featuring approximately 362,000 residents within a 10-mile radius. The location is directly off of I-91 on Elm Street. The property is located 98 miles west of Boston, MA and 135 miles northeast of New York City. The available retail space measures 3,070 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sonic Drive-In Restaurant Chopt Creative Salad ... Take-out & Catering

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Enfield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.5833
    Latitude
    41.9906

    Nearby Similar for Lease

    • $3,000/Mo
      2,100 SF

      Enfield Industrial Condo For Lease

      Versatile industrial condo with loading dock, convenient highway access.
      7 Moody Road, Enfield, CT 06082
      View Details
    • $1,745/Mo
      1,444 SF

      Charming Remodeled Office Building

      Remodeled office building with parking and high-traffic location.
      265 Hazard Avenue, Enfield, CT 06082
      View Details
    • $18 SF/Yr
      2,089 SF

      Commercial Space in Enfield, CT

      New customizable commercial space for lease in Enfield's Scitico district.
      619 Hazard Avenue, Enfield, CT 06082
      View Details
    • $18 SF/Yr
      2,693 SF

      Commercial Space in Enfield, CT

      New build-to-suit commercial space for lease on Hazard Ave.
      619 Hazard Avenue, Enfield, CT 06082
      View Details
    • Sponsored
      $129-$3,386/Mo
      11-1,292 SF

      CT, Enfield - King St

      1699 King St, Enfield, CT 06082
      View Details
    • $13 SF/Yr
      5,200 SF

      Retail Spaces in Scitico Plaza

      Retail spaces for lease in a busy shopping plaza.
      585 Hazard Ave, Enfield, CT 06082
      View Details
    • $11 SF/Yr
      4,000 SF

      Enfield Retail/Warehouse Space Available

      4,000 SF retail/warehouse space in high-traffic Enfield location.
      96 Alden Avenue, Enfield, CT 06082
      View Details
    • $15 SF/Yr
      5,130 SF

      Class A Office Space Available

      First floor office space for sublease in Enfield, CT.
      1699 King St, Enfield, CT 06082
      View Details
    • $20 SF/Yr
      13,800 SF

      Corporate Office Building with Solar

      13,800 SF office building with high-end finishes.
      15 Mullen Road, Enfield, CT 06082
      View Details
    • $5,000/Mo
      3,864 SF

      COMMERCIAL - Enfield, CT

      281 Hazard Avenue, Enfield, CT 06082
      View Details
    • $1,895/Mo
      1,444 SF

      Charming Remodeled Office Building

      Remodeled office building with parking and prominent signage.
      265 Hazard Avenue, Enfield, CT 06082
      View Details
    • $500/Mo
      6,511 SF

      Enfield Office Space For Rent

      Professional office space in well-maintained building, utilities included.
      103 Phoenix Avenue, Enfield, CT 06082
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail space available in a prominent location off I-91.
    Where is this shopping mall located?
    The property is located at 9 Hazard Ave Enfield, CT.
    What are key features of this property?
    This property features: Prominent location directly off of I‑91 on Elm Street.; GLA: 548,683 SF.; Located in a densely populated trade area featuring a population of approximately 362,000 residents within a 10‑mile radius.
    (516) 371-5858 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Elliot Nassim
    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
    9 Hazard Ave, Enfield, 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!