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

    983 New Britain Ave West Hartford, CT 06110

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in West Hartford's busy retail corridor.

    We can help!

    Listing Contact
    Zack Mittelstadt
    Source: Cbre

    Listing Agent: Zack Mittelstadt

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

    Learn more

    Overview

    Retail Space on New Britain Avenue

    This retail space offers up to 16,620 square feet of available area. Situated directly off New Britain Avenue, the location benefits from high traffic volume, with approximately 24,500 vehicles per day. The property provides convenient access to Interstate 84 and Route 9 and is located in one of West Hartford’s busiest retail corridors.
    Location Intelligence

    Current Use by Public Records

    Hartford Nails Nail Salon Super Saver Free ... Laundromat KeyMe Locksmiths Locksmith DOCS Urgent Care ... Urgent Care Center Harbor Freight Tools Hardware Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    West Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.719132
    Latitude
    41.729062

    Nearby Similar for Lease

    • $4,000,000
      30,000 SF

      West Hartford Building For Lease

      30,000 SF building ideal for medical, office, or retail.
      830 Farmington Ave, West Hartford, CT 06119
      View Details
    • Contact for pricing
      3,892 SF

      Prime Retail Space in Hartford

      Vibrant retail space in West Hartford Center's premier location.
      60 Lasalle Rd, West Hartford, CT 06107
      View Details
    • Contact for pricing
      760 SF

      Prime Retail Space on LaSalle

      760 SF retail space in West Hartford Center.
      70 Lasalle Rd, West Hartford, CT 06107
      View Details
    • $5,500 /Mo
      4,364 SF

      Renovated Industrial Property with Offices

      Versatile industrial space with modern amenities and convenient highway access.
      16 Custer St, West Hartford, CT 06110
      View Details
    • $3,075 /Mo

      West Hartford Apartment with Utilities

      Second-floor 3-bedroom apartment in West Hartford, all utilities included.
      51 Bretton Rd, West Hartford, CT 06119
      View Details
    • Contact for pricing
      2,727 SF

      Upscale Retail Space in West Hartford

      Retail space in a vibrant, renovated shopping center.
      345 N Main St, West Hartford, CT 06117
      View Details
    • $2,595 /Mo

      Spacious 3BR Apartment with Parking

      Bright, updated 3BR apartment with included heat and hot water.
      6 Highland St, West Hartford, CT 06119
      View Details
    • $15 SF/Yr
      19,053 SF

      West Hartford Retail Space Available

      19,053 SF retail space for lease in West Hartford.
      1417-1445 New Britain Ave, West Hartford, CT 06110
      View Details
    • $2,400 /Mo

      West Hartford First-Floor Rental

      Charming West Hartford rental near shops, restaurants, and nightlife.
      15 Argyle Ave, West Hartford, CT 06107
      View Details
    • $2,800 /Mo

      Spacious Three-Bedroom Unit For Rent

      Recently remodeled 3-bedroom unit with modern amenities and garage.
      182 Arnoldale Rd, West Hartford, CT 06119
      View Details
    • $15 SF/Yr
      19,053 SF

      Retail Space at Corbin Collection

      25,900 SF retail space in West Hartford, CT.
      1445 New Britain Ave, West Hartford, CT 06110
      View Details
    • Contact for pricing
      2,304 SF

      West Hartford Retail/Restaurant Space

      Retail/Restaurant space available in West Hartford's Blue Back Square.
      65-69 Memorial Rd, West Hartford, CT 06107
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in West Hartford's busy retail corridor.
    Where is this retail space located?
    The property is located at 983 New Britain Ave West Hartford, CT.
    What are key features of this property?
    This property features: - Located directly off heavily trafficked New Britain Avenue (24,500 Vehicles Per Day); - Up to **16,620 SF available**; - Located in one of West Hartford’s busiest retail corridors
    (207) 860-0376
    Request Owner's contact information
    983 New Britain Ave West Hartford, CT 06110
    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.
    983 New Britain Ave
    West Hartford, CT 06110
    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
    983 New Britain Ave West Hartford, CT 06110
    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
    Zack Mittelstadt
    (207) 860-0376
    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.