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

    515 Broad St Bristol, CT 06010

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $950 /Mo

    Industrial space featuring garage, mezzanine, and offices for rent.

    Lot size:
    1.12 Acres

    Property Features for 515 Broad St

    General Information

    Lot size
    1.12 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Henri Martin
    Source: Elliman

    Listing Agent: Henri Martin

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

    Learn more

    Property Insight Report

    Overview

    Industrial Space with Office, Mezzanine

    This industrial space, designated as Unit A, offers 1,250 square feet of available area. The layout includes a garage area suitable for equipment, material, or vehicle storage. Additionally, a mezzanine level provides extra space for material storage. The unit also incorporates office spaces. This property is suitable for a small contractor or manufacturer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RB Transmissions LLC Auto Repair Shop Planit Manufacturing LLC Machine Shop Risu Martial Arts Martial Arts School Linear Engineering LLC Contractor Martin & Sons, Inc. Home Builder

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9160923
    Latitude
    41.6711616

    Nearby Similar for Lease

    • $1,125 /Mo
      1,100 SF

      Move-In Ready Office Space

      Office space for lease with immediate occupancy in Bristol, CT.
      35F Wooster Ct, Bristol, CT 06010
      View Details
    • $12 SF/Yr
      5,732 SF

      Professional Office Building For Lease

      Professional office building on Rt 6 with ample parking.
      751 Farmington Ave, Bristol, CT 06010
      View Details
    • $2,359 /Mo
      1,750 SF

      Bristol, CT Office Space Available

      Professional/medical office space for lease in well-maintained building.
      1001 Farmington Ave, Bristol, CT 06010
      View Details
    • $1,400 /Mo

      Updated Two Bedroom Apartment

      Second-floor, two-bedroom apartment with updated kitchen and bathroom.
      152 Surrey Dr, Bristol, CT 06010
      View Details
    • $1,800 /Mo

      Three-Bedroom Apartment with Included Heat

      Three-bedroom apartment with included heat, available for immediate occupancy.
      7 Willoughby St, Bristol, CT 06010
      View Details
    • $8 SF/Yr
      100,000 SF

      Center Street Industrial Park

      Versatile Industrial Spaces Available
      139 Center St, Bristol, CT 06010
      View Details
    • $1,975 /Mo

      Updated 3-Bedroom Unit For Rent

      Recently updated 3-bedroom unit in Federal Hill neighborhood.
      245 Oakland St, Bristol, CT 06010
      View Details
    • $1,400 /Mo
      970 SF

      Updated Office Suite For Rent

      Freshly updated office suite in high-traffic Bristol location.
      258 Middle St, Bristol, CT 06010
      View Details
    • $1,800 /Mo

      Updated 2-Bedroom Apartment Available

      Updated 2-bedroom apartment with modern appliances and hardwood floors for rent.
      67 Burlington Ave, Bristol, CT 06010
      View Details
    • $995 /Mo
      11,792 SF

      Professional Office Space in Bristol

      860 sq.ft. office space with reception and private offices.
      1001 Farmington Ave, Bristol, CT 06010
      View Details
    • $2,600 /Mo

      New Downtown Bristol Apartment

      New 3-bedroom apartment in downtown Bristol available November 1, 2024.
      100 N Main St, Bristol, CT 06010
      View Details
    • $975 /Mo

      Bristol Efficiency Apartment For Rent

      Cozy 1-bedroom apartment near library, shops, and transportation.
      255 Main St, Bristol, CT 06010
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial space featuring garage, mezzanine, and offices for rent.
    Where is this flex space located?
    The property is located at 515 Broad St Bristol, CT.
    What are key features of this property?
    This property features: - 1250sf of industrial space suitable for a small contractor or manufacturer.; - Includes a garage area for equipment, material, or vehicle storage.; - Features a mezzanine area for extra material storage.
    (860) 919-1215
    Request Owner's contact information
    515 Broad St Bristol, CT 06010
    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.
    515 Broad St
    Bristol, CT 06010
    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
    515 Broad St Bristol, CT 06010
    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
    Henri Martin
    Real Estate License ID: REB.0758449
    (860) 919-1215
    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.