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

    1781 Highland Ave Cheshire, CT 06410

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $23 SF/Yr ($12,122 /Mo)

    Two-story office/medical building with ample parking and convenient highway access.

    Property size:
    6,190 SF
    Lot size:
    6,190 SF

    Property Features for 1781 Highland Ave

    General Information

    Standard status
    Active
    Size
    6,190 SF

    We can help!

    Listing Contact
    David Barnes
    Source: Cbre

    Listing Agent: David Barnes

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

    Learn more

    Overview

    Cheshire Office/Medical Space Available

    Available for lease is space at a two-story office/medical office building located at the corner of Route 10 and West Johnson Avenue in Cheshire, Connecticut. The property is situated immediately off Interstate 691 at Exit 3 and less than two miles from Interstate 84. The building features a two-story atrium lobby and a continuously banded window line. Ample on-site parking is available, and a circular entrance drive facilitates easy drop-off and pick-up. Multiple suites are available, ranging in size from approximately 2,440 to 6,190 square feet.
    Location Intelligence

    Current Use by Public Records

    Joshua Broder - Private ... Financial Planner Matt Baum - Financial ... Financial Planner Nei Financial Financial Planner Oppenheimer & Co Inc Bank Dr. Matthew Zaringhalam Internist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheshire
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8921088
    Latitude
    41.5520385

    Nearby Similar for Lease

    • $14 SF/Yr
      3,667 SF

      Cheshire Warehouse Condo with Office

      Commercial warehouse condo with office space and drive-in door.
      1486 Highland Ave, Cheshire, CT 06410
      View Details
    • New
      $25 SF/Yr
      3,679 SF

      Cheshire Office Space For Lease

      Well-appointed office space with easy access to major thoroughfares.
      280 Schoolhouse Rd, Cheshire, CT 06410
      View Details
    • $2,600 /Mo
      1,113 SF

      Updated Commercial Space on West Main

      Turnkey commercial space for lease in central Cheshire, CT.
      445 West Main St, Cheshire, CT 06410
      View Details
    • $9 SF/Yr
      3,758 SF

      Cheshire Retail/Office Leasing Opportunity

      Prime location with high visibility and ample parking.
      286 Maple Ave, Cheshire, CT 06410
      View Details
    • $9 SF/Yr
      2,392 SF

      Prime Cheshire Location, Suites Available

      Centrally located property with high accessibility and ample parking.
      286 Maple Ave, Cheshire, CT 06410
      View Details
    • Contact for pricing

      Adaptable Flex Space for Lease

      Flex space with parking and utilities near I-84 and I-691.
      Cheshire, CT 06410
      View Details
    • $2,800 /Mo

      New Ranch-Style Cheshire Apartments

      Modern 2-bedroom apartments in Cheshire, built in 2024.
      64 E Mitchell Ave, Cheshire, CT 06410
      View Details
    • Contact for pricing
      20,000 SF

      Renovated High-Tech Manufacturing Facility

      174,000 SF renovated manufacturing facility with expansion potential.
      350 Knotter Dr, Cheshire, CT 06410
      View Details
    • $9 SF/Yr
      320,000 SF

      Cheshire Industrial Facility Available

      320,000 SF industrial facility with excellent highway access.
      475 Knotter Dr, Cheshire, CT 06410
      View Details
    • $1,700 /Mo
      1,300 SF

      Class A Medical/Professional Office

      Medical/professional office space for lease on busy Route 10.
      680 South Main St, Cheshire, CT 06410
      View Details
    • $19 SF/Yr
      30,000 SF

      Highland Ave Office Suites

      Cheshire, CT: Class A Office Space Available
      1154 Highland Ave, Cheshire, CT 06410
      View Details
    • Contact for pricing
      1 SF

      Cheshire Office Building For Sale

      Prime Cheshire location, two-story office.
      43 Jinny Hill Rd, Cheshire, CT 06410
      View Details

    FAQs

    What type of property is this?
    Medical office - Two-story office/medical building with ample parking and convenient highway access.
    Where is this medical office located?
    The property is located at 1781 Highland Ave Cheshire, CT.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Immediate access to Interstate 691 (Exit 3) and proximity to Interstate 84.; - Ample on-site parking.; - Located on the corner of Route 10 and West Johnson Avenue.
    (860) 987-4782
    Request Owner's contact information
    1781 Highland Ave Cheshire, CT 06410
    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.
    1781 Highland Ave
    Cheshire, CT 06410
    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
    1781 Highland Ave Cheshire, CT 06410
    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
    David Barnes
    (860) 987-4782
    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.