Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    361 S Windham Rd Windham, CT 06226

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $109,000

    Flexible commercial space for sale in Windham, Connecticut.

    Property size:
    4,079 SF
    Lot size:
    0.51 Acres

    Property Features for 361 S Windham Rd

    General Information

    Standard status
    Pending
    Size
    4,079 SF
    Lot size
    0.51 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Lawrence B. Ross
    Source: Exitrealty

    Listing Agency: Weichert,REALTORS-Four Corners Listing Agent: Lawrence B. Ross

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

    Learn more

    Overview

    Windham Flexible Space Available

    This flexible commercial space is located in Windham, Connecticut. The property offers functional areas and is characterized by detailed interior design. The property has a size of 4079 square feet and is suitable for industrial or commercial real estate use.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Windham
    State
    Connecticut
    Longitude
    -72.04016
    Latitude
    41.74821

    Nearby Similar for Sale

    • $309,000
      3,419 SF

      Turnkey Three-Family Investment Opportunity

      Fully leased three-family property generating $4,340 monthly income.
      26 Maple Ave, Windham, CT 06226
      View Details
    • $285,900
      Pending

      Windham Multifamily with Rental Income

      Multifamily property near ECSU and UConn with rental potential.
      139 South St, Windham, CT 06226
      View Details
    • $500,000

      Main Street Mixed-Use Redevelopment Opportunity

      17,400+/- SF building suitable for redevelopment or entertainment venue.
      872 Main St, Windham, CT 06226
      View Details
    • $450,000
      12,838 SF

      Main Street Commercial Building

      Downtown office or retail building in developing area for sale.
      757 Main St, Windham, CT 06226
      View Details
    • $3,500,000

      Office/Retail Building at Gateway Commons

      12,696 SF office/retail building for sale with highway access.
      1681 W Main St, Windham, CT 06226
      View Details
    • $500,000

      Main Street Mixed-Use Redevelopment

      17,400 SF mixed-use redevelopment opportunity in Willimantic.
      872 Main St, Windham, CT 06226
      View Details
    • $500,000
      17,400 SF

      Main Street Mixed-Use Redevelopment Opportunity

      17,400+/- SF building suitable for redevelopment or entertainment venue.
      872 Main St, Windham, CT 06226
      View Details
    • $3,500,000
      12,696 SF

      Office/Retail Building at Gateway Commons

      12,696 SF office/retail building for sale with highway access.
      1681 West Main St, Windham, CT 06226
      View Details
    • $355,000
      Pending

      Mixed-Use Investment Property For Sale

      Mixed-use property with income streams and value-add potential.
      129 Valley St, Windham, CT 06226
      View Details
    • $375,000
      Pending

      Spacious Victorian Triplex in Willimantic

      Large 3-family with income potential, close to ECSU.
      41 Spring St, Windham, CT 06226
      View Details
    • $850,000
      16,858 SF

      Windham, CT Shopping Center Investment

      Fully Leased, High-Demand Location
      909 Windham Rd, Windham, CT 06266
      View Details
    • $449,000
      5,560 SF

      Windham Mixed-Use Investment Opportunity

      Downtown Windham, Two Buildings, High Potential
      948 Main St, Windham, CT 06226
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible commercial space for sale in Windham, Connecticut.
    Where is this flex space located?
    The property is located at 361 S Windham Rd Windham, CT.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: - Flexible space to suit your needs.; - Convenient area.; - Beautiful details inside.
    (860) 377-0408
    Request Owner's contact information
    361 S Windham Rd Windham, CT 06226
    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.
    361 S Windham Rd
    Windham, CT 06226
    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
    361 S Windham Rd Windham, CT 06226
    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
    Lawrence B. Ross
    Real Estate License ID: REB.0757629
    (860) 377-0408 (860) 429-9700
    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!