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

    96 Chestnut St, Unit 4 Bristol, CT 06010

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,025 /Mo

    Updated studio apartment with hardwood floors and off-street parking.

    Lot size:
    0.21 Acres

    Property Features for 96 Chestnut St

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Corey Jackson
    Source: Elliman

    Listing Agent: Corey Jackson

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

    Learn more

    Property Insight Report

    Overview

    Updated Studio Apartment For Rent

    This updated studio apartment is located on the 4th floor. The unit features hardwood floors and separate utilities. Off-street parking is available. Pets are allowed at the owner's discretion, with a weight limit of under 20 lbs and restrictions on aggressive breeds; a fee applies. The bedroom area is divided by a partial wall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.9525163
    Latitude
    41.6700617

    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
    • $1,500 /Mo
      Pending

      Main Street Retail/Office Space

      Well-maintained retail or office space in a high-traffic location.
      188 Main 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

    FAQs

    What type of property is this?
    Apartment building - Updated studio apartment with hardwood floors and off-street parking.
    Where is this apartment building located?
    The property is located at 96 Chestnut St, Unit 4 Bristol, CT.
    What are key features of this property?
    This property features: - Updated 1 bedroom/studio on the 4th floor.; - Enjoy the charm of hardwood floors throughout.; - Benefit from the convenience of off street parking.
    (860) 881-9018
    Request Owner's contact information
    96 Chestnut St, Unit 4 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.
    96 Chestnut St, Unit 4
    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
    96 Chestnut St, Unit 4 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
    Corey Jackson
    (860) 881-9018
    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.