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

    303 Main St Branford, CT 06405

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo ($12 SF/Yr)

    1476 sqft two-story building suitable for retail or office use.

    Property size:
    1,476 SF
    Lot size:
    0.18 Acres

    Property Features for 303 Main St

    General Information

    Standard status
    Active
    Size
    1,476 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1890

    We can help!

    Listing Contact
    Greg G. Robbins
    Greg G. Robbins
    Source: Exitrealty

    Listing Agency: Houlihan Lawrence WD Listing Agent: Greg G. Robbins

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

    Learn more

    Overview

    Two-Story Building on Main Street

    This two-story building, totaling approximately 1476 sqft, presents a versatile space suitable for retail or office use. Situated on a heavily traveled road, the property benefits from high visibility, with a car count of 10,000 per day. The building offers ample parking. The owner is open to various ideas from full-time retail or office users seeking a prime location. The property could also accommodate a "Pop Up" store or a seasonal business. It is also suitable for businesses building an internet brand that would like a storefront with storage.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Branford
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8212446
    Latitude
    41.2770572

    Nearby Similar for Lease

    • $4,500 /Mo
      2,720 SF

      Branford Retail/Restaurant Space Available

      Prime downtown Branford location suitable for retail or restaurant use.
      1205 Main St, Branford, CT 06405
      View Details
    • $700 /Mo
      60 SF

      Downtown Branford Treatment Room

      Treatment room in downtown Branford, ideal for spa or medical.
      183 Montowese St, Branford, CT 06405
      View Details
    • $400 /Mo
      3,000 SF

      Turn-Key Office Space Available

      Full-service office space with shared amenities near downtown Branford.
      491 Main St, Branford, CT 06405
      View Details
    • $1,500 /Mo
      1,476 SF

      Branford Commercial Space For Lease

      Two-story commercial building with high visibility and ample parking.
      303 Main St, Branford, CT 06405
      View Details
    • $4,500 /Mo

      Branford Retail/Restaurant Space Available

      2300 SF retail/restaurant space in downtown Branford.
      1205 Main St, Branford, CT 06405
      View Details
    • $400 /Mo
      3,036 SF

      Turnkey Office Space Available

      Full-service office space with utilities, Wi-Fi, and shared amenities.
      491 Main St, Branford, CT 06405
      View Details
    • $1,500 /Mo

      Remodeled Office Space For Rent

      Recently remodeled office space with private offices and common areas.
      151 Meadow St, Branford, CT 06405
      View Details
    • $1,500 /Mo

      Two-Story Building on Main Street

      Two-story building with high visibility and ample parking.
      303 Main St, Branford, CT 06405
      View Details
    • $1,250 /Mo

      Remodeled Office Space For Rent

      Recently remodeled office space with private offices and common areas.
      151 Meadow St, Branford, CT 06405
      View Details
    • $2,400 /Mo

      Remodeled Office Space For Rent

      Recently remodeled office space with river views and ample parking.
      151 Meadow St, Branford, CT 06405
      View Details
    • $950 /Mo

      Small Industrial Space For Lease

      Industrial space for lease with 12' ceilings, near I-95.
      83 School Ground Rd, Branford, CT 06405
      View Details
    • $950 /Mo

      Industrial Spaces For Lease

      Industrial spaces available for lease in industrial park setting.
      3 Research Dr, Branford, CT 06405
      View Details

    FAQs

    What type of property is this?
    Retail space - 1476 sqft two-story building suitable for retail or office use.
    Where is this retail space located?
    The property is located at 303 Main St Branford, CT.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location on a heavily traveled road (10,000 car count per day).; - Approximately 1476 sqft blank canvas building suitable for retail or office use.; - Ample parking available.
    (203) 464-0125
    Request Owner's contact information
    303 Main St Branford, CT 06405
    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.
    303 Main St
    Branford, CT 06405
    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
    303 Main St Branford, CT 06405
    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
    Greg G. Robbins
    Greg G. Robbins
    Real Estate License ID: RES.0765382
    (203) 464-0125 (203) 787-7800
    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!