Add Listing
    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

    1717 Storrs Rd, Unit B Mansfield, CT 06268

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr

    Retail space for lease in new development near UConn.

    Lot size:
    15.90 Acres

    Property Features for 1717 Storrs Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    15.90 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Jennie Kesselman
    Jennie Kesselman
    Source: Elliman

    Listing Agency: BHHS - New England Properties | South Woodstock Listing Agent: Jennie Kesselman

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

    Learn more

    Overview

    Prime Retail Space in Mansfield

    This listing is for Unit B, offering 1,319 square feet of retail space in a new development. The Standard at Four Corners is a large project with over 684,000 square feet and 398 housing units spread across 7 buildings. The location provides exposure to a diverse customer base, including students, faculty, and local residents, with easy access to Route 84 and the main artery into the University of Connecticut. The interior of the retail space is spacious and well-designed, offering flexibility to shape it according to business needs. A total of 12,551 square feet of retail space is available, spread between three of the buildings. Units range from 880 to 4,200 square feet, with the potential of combining units for more space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Department Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Windham
    State
    Connecticut
    Longitude
    -72.2003
    Latitude
    41.7677

    Nearby Similar for Lease

    • $25 SF/Yr

      Prime Retail Space in Mansfield

      Retail space available in a high-traffic development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr

      Prime Retail Space in Mansfield

      Retail space available in new development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr

      Prime Retail Space in Mansfield

      Retail space for lease in a new development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr

      Prime Retail Space in Mansfield

      Retail space for lease in a high-traffic development.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr

      Retail Space Near UConn

      Retail space available for lease near UConn with high traffic.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $25 SF/Yr

      Prime Retail Space in Mansfield

      Retail space for lease in a new development near UConn.
      1717 Storrs Rd E, Mansfield, CT 06268
      View Details
    • $25 SF/Yr
      1,705 SF

      Prime Retail Space in Mansfield

      1705 SF retail space in a new development.
      1725 Storrs Rd, Mansfield, CT 06250
      View Details
    • $25 SF/Yr
      14,928 SF

      Prime Retail Space in Mansfield

      Retail space for lease in a high-traffic development near UConn.
      1717 Storrs Rd, Mansfield, CT 06268
      View Details
    • $1,550 /Mo

      Renwood Apartments Near UConn

      One and two bedroom apartments near the University of Connecticut.
      20 Dartmouth Rd, Mansfield, CT 06268
      View Details
    • $900 /Mo
      270 SF

      Renovated Office Suite with Charm

      Private first-floor office suite with shared amenities and utilities included.
      211 Storrs Rd, Mansfield, CT 06250
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Storrs Center

      Mixed-use project near UConn with retail and restaurant space.
      9 Dog Ln, Mansfield, CT
      View Details
    • Contact for pricing
      2,945 SF

      Retail Space Near UConn Campus

      Retail space serving UConn faculty, students, and surrounding community.
      33 Wilbur Cross Way, Mansfield, CT
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in new development near UConn.
    Where is this retail space located?
    The property is located at 1717 Storrs Rd, Unit B Mansfield, CT.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail space in Mansfield's new development, The Standard at Four Corners.; - High-traffic location near UConn, providing exposure to students, faculty, and local residents.; - Part of a large development with 684,000 square feet and 398 housing units.
    (860) 633-3674
    Request Owner's contact information
    1717 Storrs Rd, Unit B Mansfield, CT 06268
    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.
    1717 Storrs Rd, Unit B
    Mansfield, CT 06268
    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
    1717 Storrs Rd, Unit B Mansfield, CT 06268
    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
    Jennie Kesselman
    Jennie Kesselman
    Real Estate License ID: RES.0816437
    (860) 633-3674 (860) 928-1995 (860) 576-3696
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!